Federal Solar Tax Credit
Starting in 2021, the value of the federal solar tax credit will step down to 26%, and then 22% in 2022. After 2023, the federal solar tax credit for residential solar ends. There are many reasons to consider making the switch to solar-powered energy. Whether you are a homeowner or the manager of a large commercial property, installing solar panels comes with a whole array of personal, professional, and environmental benefits. The state of Arizona offers a number of solar incentives, including tax benefits for solar panel installation throughout Arizona.
Arizonians who install solar panels on their property have access to:
- A state tax credit (up to $1,000.00)
- A 26% federal solar tax credit*
Other solar tax benefits throughout Arizona include property tax exemptions (for increased home/property value) for solar systems and equipment. Arizona is one of the top states in the nation for solar power, making switching to solar an easy choice.
*Consult a licensed tax professional to confirm your eligibility for the federal tax credit.