Solar Energy Credit Arizona

Arizona residential solar and wind energy systems tax credit.

Solar energy credit arizona.

Arizona home solar system owners are eligible for a credit worth 25 of their system cost or up to 1 000 whichever is less. A nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona. Download 137 61 kb download 1 62 mb 01 01 2020. If the credit exceeds the taxes you owe you can continue to carry it over for up to five years.

The most significant solar rebate offered in arizona is the credit for solar energy devices from the arizona department of revenue. Arizona state tax credit for solar. No preapproval is required for an individual income tax credit for a residential solar energy device tax credit that is claimed on form 310. Energy equipment property tax exemption.

Equipment and property tax exemptions. Thanks to the solar equipment sales tax exemption you are free from the burden. This incentive is an arizona personal tax credit. 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.

The credit amount allowed against the taxpayer s personal income tax is 25 of the cost of the system with a 1 000 maximum regardless of the number of energy devices installed. Residential solar energy credit. Credit for solar energy devices. Residential arizona solar tax credit.