Solar Power Rebates Arizona

This credit offers 25 off the gross cost of the system up to a maximum credit of 1 000.

Solar power rebates arizona. Rebates are generally available for a limited time and end once a certain amount of solar has been installed. Solar renewable energy certificates srecs legislation in some states requires utilities to generate a certain percentage of their electricity from solar power. Arizona and massachusetts for instance currently give state income tax credits worth up to. That reduces your cost after the first year to only 16 472.

The arizona department of revenue also has incentives for non residential properties to make solar affordable for businesses. The 30 tax credit applies as long as the home solar system is installed by december 31 2019. Rebates can help to further reduce your system costs by 10 to 20 percent. The federal solar tax credit gives you a dollar for dollar reduction against your federal income tax.

There are several arizona solar tax credits and exemptions that can help you go solar. Depending on the rebate program the utility may reimburse the system based on how many kilowatt hours the system is anticipated to produce over a 20 year lifespan. Many utilities in arizona offer rebates or payback programs to customers who install solar or wind power generating equipment on their property. Arizona has a state rebate program.

Many states also offer tax credits for solar. Arizona has a solar tax credit too which will take another 1 000 off for a new total of 18 048. Some will continue even after the federal credit expires. Arizona state tax credit for solar the most significant solar rebate offered in arizona is the credit for solar energy devices from the arizona department of revenue.

These include a renewable energy production tax credit on electricity generated by qualified solar pv and solar thermal electric energy systems a minimum of 5 mw. In addition to arizona s solar incentives you ll be eligible for the federal solar tax credit if you buy your own home solar system outright. Residential arizona solar tax credit the residential arizona solar tax credit reimburses you 25 percent of the cost of your solar panels up to 1 000 right off of your personal income tax in the year you install the system. You can get a lump sum payment or your installer will take the amount off the final installed price.

Solar power rebates are incentives federal or state governments offer to reduce the cost of going solar.