Arizona’s sunny, desert clime lends itself beautifully to solar power, so it’s no surprise that this state is the center of some pretty impressive solar growth. With so much sun, solar is a no brainer, and there are many benefits to solar installation. Residential solar panels can reduce your energy bills, keep your power on in an outage, and benefit the environment, but that’s not the only reason solar is booming in Arizona. Let’s take a look at the solar incentive program available to Arizona residents who hire a solar panel installer to power their home sustainably.
- There are several tax credits available, including the Federal Solar Investment Tax Credit. This incentive provides a federal tax credit on solar installation, to offset the homeowner’s federal income tax. For 2022, the rate of this credit is 26 percent, but it’s expected to drop to 22 percent in 2023 before going away entirely in 2024.
- The Residential Arizona Tax Credit is another personal income tax credit. It reimburses Arizona residents 25 percent of the cost of installing solar panels, up to $1,000, in the year the system is installed.
- Arizona residents can also qualify for additional exemptions. The Solar Equipment Sales Tax Exemption keeps you from having to pay sales tax on the purchase of your solar panels and other equipment. Additionally, the Energy Equipment Property Tax Exemption makes it so that you don’t have to pay additional property taxes if the solar equipment you install increases the value of your home.
Making the most of these tax credits is a great way to make solar power more affordable. Once installed, your new solar equipment will help reduce your energy bills while powering your home sustainably. What’s more, when the power goes out around you and all of your neighbors are in the dark, your home will maintain power if your energy comes from solar. In many cases, you can even get reimbursed for the energy your solar system generates and returns to the power grid. All of this adds up to one conclusion: now is a great time to choose solar energy installation.
If you’re looking for a solar energy installer with quick installation times and a great reputation, contact Sunlogix Energy. A leading full-service solar solution at the forefront of creating a sustainable planet, powered by the sun, we’ve been voted the Best Solar Company in the Desert by the Coachella community 2 years running. Now, we’re expanding to offer solar to residents of Tucson, Arizona, as well! We offer residential and commercial solar, always striving to provide full customer satisfaction by offering premium products and professional installation at an exceptional value. Focused on using renewable energy to create a cleaner earth, we customize solar solutions for our clients, as well as educating them on the long-term and immediate benefits provided by solar power. Call 888-844-3808 for more information or visit our website to request a free estimate today!