SRP utility deposit bonds.
From $100. Keep your cash.
When Salt River Project (SRP) — the Salt River Project Agricultural Improvement & Power District, an Arizona political subdivision that serves 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. Pricing is 2% of the bond amount, $100 minimum, and the application collects no credit information. Enter the deposit amount SRP set on your account and your exact price appears at the application.
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Apply to filed in 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 entire application.
Issued on the spot
The application collects no credit information, and most applications approve and issue instantly on payment. Larger amounts may get a quick review; if a check ever runs, it is a soft pull that will not touch your score.
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
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.
Keep your deposit working.
Pricing from $100. Post a bond instead of cash with SRP the same day.