Arizona Solar Panel Incentives

Aps uses the recs to demonstrate compliance with the state s renewable energy standard res.

Arizona solar panel incentives.

A nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona. 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. As of august 2019 the state s average cost of solar panels per watt is 2 89 w. Check out all of the arizona solar tax credits rebates and incentives.

As the nation s leading residential solar and energy storage company 4 sunrun can help you benefit from everything that home solar in arizona. Arizona is the sunniest state in the country. Residential arizona solar tax credit the residential arizona solar tax credit gives you back 25 of the cost of your solar panel installation up to 1 000 off of your income tax return in the first year you install the system according to energysage. After claiming the 26 federal solar tax credit and arizona s state tax credit the price is only 2 00 per watt.

This makes a typical out of pocket price of installation of the 5kw solar panel system to range from 12 000 to 16 000. For a complete listing of all federal incentives and policies for renewable and energy efficiency see the database of state incentives for renewable and energy efficiency. Energy solution providers explains how you can get the new year started off right for your arizona home by upgrading to solar energy and taking advantage of limited time tax credits. Equipment and property tax exemptions thanks to the solar equipment sales tax exemption you are free from the burden of any arizona solar tax.

3 but aside from all that sunshine and the cost of solar panels and home batteries plummeting 1 2 the grand canyon state also offers excellent incentives to help make your switch to solar more affordable. Arizona s renewable portfolio standards require utilities to generate a portion of their renewable output from distributed energy technologies 30 to be exact. The cost of solar panels in arizona. This puts the average cost of a 5kw system at 13 958 before incentives and 9 325 after claiming incentives.

Just because of this fact alone you can save a lot of money here with solar. Summary of arizona solar incentives 2020 arizona is one of the sunniest states in the country. As with the other incentives summarized by the arizona solar center the customer should consult with authorities such as their utilities qualified contractors and accountant. Save money on solar installation costs with big solar incentives and tax credits in 2021.