APS - GEOSmart Financing Program

Summary

As of October 23, 2008, this program is suspended until further notice. More details will be provided on the program website as they become available. Arizona Public Service (APS), an investor-owned utility, has partnered with the Electric & Gas Industries Association (EGIA) and participating contractors to help facilitate unsecured financing through the GEOSmart® Sustainable Financing Solutions program. Under this program, APS customers may receive a loan of up to $50,000, with interest rates as low as 7.99%, for a solar-energy system. The loan may be combined with the APS Renewable Incentive Program. Customers can choose from three basic financing plans; more details are available on the program web site. At this time, loans may be used to install photovoltaic (PV) systems and solar water heaters. Eventually, APS plans to provide financing for solar space heating and small wind systems as well. Note that other financing or lease options may also be available from installers or other financial institutions.