Solar Panel Rebates In Arizona

There are several arizona solar tax credits and exemptions that can help you go solar.

Solar panel rebates in arizona.

After the tax credits we subtract your first year s energy savings which we estimate to be about 1 576. Arizona and massachusetts for instance currently give state income tax credits worth up to 1 000 toward solar installations. All of the financial benefits listed below go to the owner of the solar panel system. Arizona s solar energy credit is available to individual taxpayers who install a solar or wind energy device at the taxpayer s arizona residence.

The tax credits are valid only through 2020 so it is a good idea to apply for yours now. As one of the sunniest states in the country arizona is a paradise when it comes to solar power. If you buy your system in cash or with a solar loan that means you also get the tax credits rebates and srecs for the system however if you lease your system the third party owner will receive all of the solar incentives. 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.

Arizona state tax credit for solar. Talk to your local solar installation company to get more details about state rebates and financial incentives available for solar in 2020. 1 so it s no surprise that it consistently ranks in the top 10 solar states in the u s. They will be able to provide specifics about.

As of sep 2020 the average cost of solar panels in arizona is 2 67 per watt making a typical 6000 watt 6 kw solar system 11 837 after claiming the 26 federal solar tax credit now available. Residential arizona solar tax credit. 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. Arizona solar panel costs 2020.

The most significant solar rebate offered in arizona is the credit for solar energy devices from the arizona department of revenue. Arizona has a solar tax credit too which will take another 1 000 off for a new total of 18 048. 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. That reduces your cost after the first year to only 16 472.

Solar panel cost data arizona 2020 updated. This credit offers 25 off the gross cost of the system up to a maximum credit of 1 000.