There are plenty of reasons why someone might switch to solar. Whether you own a small, simple home, or you manage a large commercial property with immense electrical energy needs, solar comes with a number of benefits that can improve your personal and professional life as well as help the environment. With so much to gain, the decision to go solar is easy for many people, and for many others, simply learning about the benefits is enough to show them how beneficial of an idea it can be to make the switch.
The state of Arizona offers a number of solar incentives for both residential installations and commercial projects. Whether your project is here in the Tempe area, or anywhere else around the state, you’ll be able to enjoy both state and federal tax credits. As long as your project begins before December 31st, 2019, you’ll receive a tax credit of up to 25 percent of the cost of the system from the state of Arizona, up to a cap of $1,000. This is in addition to a 30 percent federal tax credit that has no cap in value.
Property Tax Exemptions
Home and business owners who install solar can also enjoy a nice break on their taxes through property tax exemptions. Normally, when you make improvements to your property, your property taxes increase because the value of your property rises. However, solar installations in Arizona are exempt from being considered an “improvement,” which means your property taxes won’t go up even though your property is actually becoming more valuable.
Solar also improves the outlook for the future for everyone. Because solar is a clean, renewable source of energy, there are no fossil fuels to burn, which means no harmful greenhouse gas emissions to produce the energy you need. That makes for cleaner air, a healthier planet, and a more enjoyable life for everyone. Plus, you won’t have to worry about fossil fuel prices driving up your utility bills—when you produce the majority of the energy you need entirely on your own, you’ll have a much greater degree of control over how much you’re spending on energy each month.
If you’d like to learn more about these available tax credits and many of the other incentives and benefits available to those who make the switch to solar, call Arizona Solar Concepts at (480) 462-6399.
*All tax credits are subject to change. Arizona Solar Concepts does not warrant, guarantee, or otherwise advise its partners or customers about specific tax outcomes. Consult your tax advisor regarding the solar tax credit or how any other tax incentives may affect you and your specific circumstances. For more detailed policy information,please visit desireusa.org.