Tucson Electric Power was advertising their program yesterday, so I took a look at the website to see if things had become more cost competitive. They haven't.
The following web site was the only one that listed prices: Selecting a 2000 kWh system (smaller systems are equivalent), the cost of the system after some pretty large subsidies was $38,200. My estimate for payback with various energy increase estimates ranged from 12 to 16 years. Given the buyback rate you list above, it would exceed the life of the system.
For a system that would be equivalent to the $75/month rate someone previously discussed, the subsidized cost would be $10.2k. To save $75/month?
I really want to see solar power succeed, but a breakthrough is needed in order for it to be cost effective.