In fact, Arizona’s renewable portfolio standard mandates that the state is required to acquire 15% of their energy from renewable sources by 2025. Of that 15%, 30% of that renewable energy must come from places like homes and businesses.
Because of this, Arizona has implemented a tax incentive plan to help encourage residents to make the change to solar energy.
That brings us to the first available credit.
Residential Solar Energy Credit
Sales and Property Tax Exemptions
Federal Solar Tax Credit
After taking away the money that you save on your system through your state initiatives, you then save an additional 30% of the cost of your system. With that said, the value of this credit will begin to drop at the end of 2019. At the beginning of 2020, the credit drops to 26%. It then drops even further in 2021 to 22%.
With all of the available tax credits, the time to purchase a solar energy unit is now. If you wait too long, you may miss out on some of these great opportunities.
Contact us today to discuss what type of solar system is right for you and how to get started.