Solar & Tax Resources
Your Go-To Guide for Solar and Tax Insights in Arizona
SRP Battery Storage Incentives & Other Utility Rebates
Discover how Arizona homeowners can maximize their solar savings with SRP’s substantial battery storage incentives and various local utility rebates. Learn about the specific programs offered by Mohave Electric Cooperative, Trico Electric Cooperative, and Sulphur Springs Valley Electric Cooperative that significantly reduce the upfront costs of solar installations and enhance energy storage capabilities.
Arizona’s Solar Tax Exemption Programs
Arizona offers two crucial tax exemption programs to make solar energy more affordable for homeowners: the Solar Equipment Sales Tax Exemption and the Solar Property Tax Exemption. These programs help reduce the upfront costs and long-term financial impact of installing solar panels by eliminating state sales tax on solar equipment and exempting the added home value from property taxes.
Federal Solar Investment Tax Credit (ITC)
The Federal Solar Investment Tax Credit (ITC) is a significant incentive for homeowners looking to invest in solar energy. This credit allows you to deduct 30% of your solar installation costs from your federal taxes, making solar power more affordable. Learn how to claim this credit and understand its long-term financial benefits for your home and the environment.
Arizona State Residential Solar Tax Credit
The Arizona State Residential Solar Tax Credit offers homeowners an additional financial incentive to go solar. This program provides a personal tax credit of 25% of the total system cost, up to $1,000. Understand how to leverage this state-specific benefit in conjunction with federal incentives to maximize your savings and reduce the overall cost of your solar installation.