SRP utility deposit bonds.
From $100.
When Salt River Project (SRP), an Arizona political subdivision serving greater Phoenix, asks a customer to post a deposit to establish or maintain electric service, you can post a surety bond instead of tying up cash. The bond equals the deposit SRP set on your account. Pricing is 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does an SRP utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard deposit bond — enter your amount, pay, and file with SRP. Here is the whole thing:
Apply online
Your account details, the deposit amount SRP required, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000, and most applications approve and issue instantly on payment. Above $15,000, a soft pull may add a short review.
File with SRP
Submit the executed bond to Salt River Project in place of your cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the deposit bond actually does
Salt River Project (SRP) is the collective name for the Salt River Project Agricultural Improvement & Power District — a political subdivision of the State of Arizona, governed by an elected Board — and the affiliated Salt River Valley Water Users' Association. Unlike Arizona Public Service or Tucson Electric Power, SRP is not regulated by the Arizona Corporation Commission; its own Board sets rates, deposit requirements, and service rules for the accounts it serves across greater Phoenix.
SRP can require a deposit before it establishes or continues electric service, particularly for a commercial account or one without an established payment history. Rather than leave that cash sitting with SRP, its Board-approved customer service rules accept a surety bond as an alternative to the cash deposit. You post a bond for the deposit amount and pay a premium instead; the bond guarantees payment of your SRP charges up to the bonded amount.
It is not insurance for you — if the surety pays SRP, you repay the surety. The advantage is cash flow: you keep the deposit amount working in your business. Enter the deposit amount SRP set on your account and get your price, from a $100 minimum, at the application.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with SRP. Submit the executed bond to Salt River Project in place of your cash deposit. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount SRP required — the executed bond is generated instantly, ready to file in place of cash.
Start the application →Common questions.
Other Arizona bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Keep your deposit working.
Pricing from $100. Post a bond instead of cash with SRP the same day.