Arizona Solar Panel Rebates

Arizona s solar energy credit is available to individual taxpayers who install a solar or wind energy device at the taxpayer s arizona residence.

Arizona solar panel rebates.

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. If the credit exceeds the taxes you owe you can continue to carry it over for up to five years. 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. Arizona home solar system owners are eligible for a credit worth 25 of their system cost or up to 1 000 whichever is less.

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. Residential solar energy credit. The arizona department of revenue also has incentives for non residential properties to make solar affordable for businesses. This solar cost estimate is based on installing a 6 kilowatt 6 000 watts solar system.

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. 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. Equipment and property tax exemptions. Thanks to the solar equipment sales tax exemption you are free from the burden of any arizona solar tax.

As of september 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. This credit offers 25 off the gross cost of the system up to a maximum credit of 1 000. 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. And of course you arizonans also benefit from the 26 federal solar tax credit as well.