Why Go Solar?
Solar is one of the fastest-growing industries in the United States. Arizona is a leader in solar energy, with more than enough sun to power the state. There are many reasons why many Arizonans are making the switch to solar. Chief among them are saving money on their electric bills, helping the environment, and increasing the value of their home.
FEDERAL INVESTMENT TAX CREDITS
The federal government offers a tax credit for solar installations. The investment tax credit (ITC) allows you to deduct 30% of the cost of your solar panel system from your taxes. This can save you a significant amount of money on your taxes each year.
THE RESIDENTIAL ARIZONA SOLAR TAX CREDITS
The state of Arizona also offers a tax credit for solar installations. The Residential Arizona Solar Tax Credit gives back up to $1000 of the total cost of your solar system. This is a great way to recoup some of the cost of your solar panel system.
THE SOLAR EQUIPMENT SALES TAX EXEMPTION
In addition to the tax credits, solar equipment is also exempt from sales tax in Arizona. This means that you will not have to pay any sales tax on the cost of your solar panel system.
THE RESIDENTIAL ARIZONA SOLAR TAX CREDITS
Solar equipment is also exempt from property taxes in Arizona. This means that you will not have to pay any property taxes on the value of your solar panel system.
ADDS VALUE TO YOUR HOME
Solar panels are a great way to add value to your home. A solar panel system is estimated to increase the resale value of your home $3000 for every kilowatt of solar that gets installed on your home. For example, if you install a 10 kw system on your home, you've increased the equity by $10,000!
Save Money
One of the biggest reasons to go solar is to save money on your electric bill. Solar panels allow you to generate your own electricity, which can save you money each month. The best part is after paying off the initial investment, you will enjoy free electricity for the rest of your system’s life.
Reduce Your Carbon Footprint
In addition to saving money, another great reason to go solar is to reduce your carbon footprint. Solar panels allow you to generate electricity without emitting any greenhouse gases. This is a great way to reduce your impact on the environment. In a state like Arizona, where we are already seeing the effects of climate change, it is important to do our part to reduce our carbon footprint.