Arizona Solar Panel Rebates

Equipment and property tax exemptions.

Arizona solar panel rebates.

The most significant solar rebate offered in arizona is the credit for solar energy devices from the arizona department of revenue. According to energy sage as of 2018 the average cost for solar panels in the state of arizona is 2 67 per watt. Arizona state tax credit for solar. An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group.

Download 137 61 kb download 1 62 mb 01 01 2020. This credit offers 25 off the gross cost of the system up to a maximum credit of 1 000. The state s plentiful sunlight can easily convert into a bounty of clean renewable energy. The credit is allowed against the taxpayer s personal income tax in the amount of 25 of the cost of a solar or wind energy device with a 1 000 maximum allowable limit regardless of the number of.

Arizona s solar energy credit is available to individual taxpayers who install a solar or wind energy device at the taxpayer s arizona residence. With its strong rps arizona once had a great variety of solar panel rebate programs offered by nearly all the state s electric utilities. Arizona solar incentives and rebates 2020. Arizona solar panel costs 2020.

However many of those generous solar panel rebate programs have been exhausted because utilities are getting close to meeting their requirements for off site solar electricity production. This solar cost estimate is based on installing a 6 kilowatt 6 000 watts solar system. Form year form instructions published. 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.

If you are a resident of arizona and considering going solar for your home or office 2020 is just the time to do so. Thanks to the solar equipment sales tax exemption you are free from the burden. The tax break reduces. 1 so it s no surprise that it consistently ranks in the top 10 solar states in the u s.

2 while generous sun is the biggest factor arizona s solar incentives and the federal solar tax credit help to contribute to its competitive solar capacity. As one of the sunniest states in the country arizona is a paradise when it comes to solar power. A nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona.