Arizona Solar Panel Rebates

And of course you arizonans also benefit from the 26 federal solar tax credit as well.

Arizona solar panel rebates.

The arizona department of revenue also has incentives for non residential properties to make solar affordable for businesses. Equipment and property tax exemptions. 1 000 arizona solar tax credit deduct 1 000 the average cost of solar panels in arizona after deducting solar tax credits and rebates is around 10 214. This credit offers 25 off the gross cost of the system up to a maximum credit of 1 000.

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 energy devices installed. If the credit exceeds the taxes you owe you can continue to carry it over for up to five years. Arizona home solar system owners are eligible for a credit worth 25 of their system cost or up to 1 000 whichever is less. This solar cost estimate is based on installing a 6 kilowatt 6 000 watts solar system.

Therefore you aren t required to pay any sales tax on the purchase of your solar system. Residential arizona solar tax credit. Thanks to the solar equipment sales tax exemption you are free from the burden of any arizona solar tax. Credit for solar energy devices arizona department of revenue credit for solar energy devices a nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona.

The most significant solar rebate offered in arizona is the credit for solar energy devices from the arizona department of revenue. Every resident in arizona who installs solar panels gets a state tax credit of 25 of the total system cost up to 1000 to be used toward state income taxes. Residential solar energy credit. 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.