Solar Energy Arizona

Not only do arizona residents get to take advantage of the federal tax credit but they can also receive the state s solar energy credit.

Solar energy arizona. The reason this works so well is that you don t have to put any money down but you still get all of the incentives that go along with buying solar. Solar energy ideas and technologies developed at the steward observatory mirror lab and in telescope design can be put to use in developing more efficient ways of collecting solar energy. Start now with free solar quotes from our qualified solar providers near you by filling out our short solar quotes request form here. The arizona solar energy industries association ariseia is a 501 c 6 non profit trade association representing the solar and storage industry solar friendly businesses and others interested in advancing solar and storage technologies in arizona.

That is a significant amount of savings on your income taxes. Arizona s energy systems tax credit. An income tax credit is also available at the state level for homeowners in arizona. Known as the residential solar and wind energy systems tax credit this incentive gives you a tax credit of 25 percent for your new solar energy system.

Arizona solar energy tax credit. In 2012 arizona had 1 106 mw of photovoltaic pv solar power systems and 6 mw of concentrated solar power csp bringing the total to over 1 112 megawatts mw of solar power the solana generating station is a 280 mw parabolic trough solar plant which. Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000. While not directly related to astronomy this work demonstrates how the research at steward observatory can produce some unexpected practical results.

If the amount you owe in income taxes is less than the amount of your credit the excess credit can be carried over to the next year. Arizona offers a great income tax credit for those installing solar devices. A solar purchase like this makes sense because in arizona you can get a solar loan with a fixed rate of 4 5 or lower and a 15 year repayment period. As of october 2020 the average solar panel cost in arizona is 2 69 w given a solar panel system size of 5 kilowatts kw an average solar installation in arizona ranges in cost from 11 432 to 15 468 with the average gross price for solar in arizona coming in at 13 450 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net.