Your Neighbors Are Saving With Solar. Why Aren’t You?
Solar Incentives in the Valley of Sunny Energy
Did you know that the sun shines in Arizona 296 days out of the year? It’s no wonder it’s called Valley of the Sun. Local homeowners maximize opportunity by living in one of the sunniest states.
30% Federal Tax Credit
In August 2022, Congress recognized the importance of solar for consumers, our economy and our climate so they increased the expiring 26% tax credit to 30% and extended it for 10 years!. This fantastic incentive was last seen by homeowners in 2020 and it is now locked in for another 10 years!
The Investment Tax Credit (ITC), also known as the Federal Solar Tax Credit, allows qualified tax payers to reduce their federal taxes by 30% of the cost of their solar and battery storage, starting in 2022 and extending through 2031.
$1,000 State Tax Credit
Renewable Energy Production Tax Credit. An individual or corporate income tax credit is available for taxpayers who own a qualified energy generator that first produces electricity from and after Dec. 31, 2010, using a qualified energy resource.
APS Battery Incentive
There’s an incredible opportunity offered by APS for those who want solar and battery storage for their home. APS is offering an incentive of up to $3,750 paid directly to you after your system is installed. This is in addition to the 26% Federal Tax Credit and the $1,000 state tax credit. Contact us now so we can secure this incentive for you.
Property Tax Exemption – 100%
Installing solar panels on your home increases its value up to 20 times your annual energy bill savings. We don’t think you should be penalized for your sustainable decision and many state legislators agree!
Sales Tax Exemption – 100%
In addition to the property tax exemption, you’ll pay no sales tax on your new solar system.
Your Home Value Goes Up Up Up
Having a residential solar energy system on your home is a ‘capital improvement’ which adds to your property’s value. This means that you can potentially sell your home faster and for more than homes without solar. Your investment in efficient, clean solar power also adds to the tax basis of your home. When you sell the home, this tax basis investment can be deducted from the sales price, reducing the taxable profit on the sale. This may help you avoid capital gains taxes on appreciation.
APS Net Export Rate
This is not always thought of as an incentive and is not as obvious as a tax credit or cash payment but it is quite generous financial incentive. APS is mandated to compensate homeowners that export solar energy at a very attractive rate, which is sometimes higher than what they would otherwise pay for energy generated from other sources.
30% Federal Tax Credit
The Investment Tax Credit (ITC), also known as the Federal Solar Tax Credit, allows qualified tax payers to reduce their federal taxes by 30% of the cost of their solar and battery storage, starting in 2022 and extending through 2031.
$1,000 State Tax Credit
Renewable Energy Production Tax Credit. An individual or corporate income tax credit is available for taxpayers who own a qualified energy generator that first produces electricity from and after Dec. 31, 2010, using a qualified energy resource.
APS Battery Incentive
There’s an incredible opportunity offered by APS for those who want solar and battery storage for their home. APS is offering an incentive of up to $3,750 paid directly to you after your system is installed. This is in addition to the 26% Federal Tax Credit and the $1,000 state tax credit. Contact us now so we can secure this incentive for you.
APS Net Export Rate
This is not always thought of as an incentive and is not as obvious as a tax credit or cash payment but it is quite generous financial incentive. APS is mandated to compensate homeowners that export solar energy at a higher rate than they would otherwise pay for energy generated from other sources.
Your Home Value Goes Up Up Up
Having a residential solar energy system on your home is a ‘capital improvement’ which adds to your property’s value. This means that you can potentially sell your home faster and for more than homes without solar. Your investment in efficient, clean solar power also adds to the tax basis of your home. When you sell the home, this tax basis investment can be deducted from the sales price, reducing the taxable profit on the sale. This may help you avoid capital gains taxes on appreciation.
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Going solar can be overwhelming. Our award winning Homeowner’s Guide To Solar will make it easy! It’s free – just ask using the form below!
