APS vs SRP, how do electric rates affect which house I buy?
In the Phoenix area, APS and SRP are the two main electric utilities, and which one serves a property is determined by location. The service area is not something you can choose. Rate structures and plans vary between the two, and each offers time-of-use plans, flat rate plans, and solar buyback programs. SRP is a nonprofit, while APS is investor-owned, and historically their rates and customer service reputations have differed. Before buying, you can ask which utility serves the home and review their current rate plans online. Summer cooling costs can be significant in Arizona, so understanding the provider and reviewing past utility bills from the seller can help you budget accurately.
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Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.