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Sunny weather makes solar power a smart move for Arizona and California residents.
With solar incentives in place, like the Renewable Energy Standard, homeowners were able to invest in solar energy at lower rates and with less hassle.
The Arizona Corporation Commission approved the renewable energy standard and tariff in 2006. The goal is to ensure that regulated electric utilities generate 15% of their energy from renewable resources by 2025.
If you’ve weighed all the available renewable energy options, including wind and electric, and decided on solar, then you already know that you’ll have to get specific about the kind of system that would be ideal for your home’s physical space and for your family’s energy needs.
Federal and state tax credits and incentives could help reduce the cost of your solar installation. The Investment Tax Credit (ITC) offers a 26% tax credit toward solar installation until January 1, 2023, when it reduces to 22%.
Almost all of Arizona’s electric providers offer some kind of rebate program.
The Renewable Energy Production Tax Credit can be claimed by qualified Arizona residents on Form 310.
The purchase of solar equipment in Arizona is exempt from sales taxes, which means more upfront savings. Some cities also have renewable energy programs and green energy commitments.
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