Allows Solar Installations to be Deducted Up To 30% of the cost towards Federal Income Taxes
With solar energy proving to be a game-changer in the way we consume energy, more people are considering it. However, still, with the upfront cost of the panels and installation, some people can’t see the value in them. This is likely why governments have initiated tax incentives, as a way to encourage consumers to have them installed. Arizona has some great incentives programs for those who are considering having solar panels installed. At White Mountains Solar, we will take the time to help you fully understand how you benefit from these programs.
New Solar Systems
Renovated Systems
Off-Grid | Grid Tied
You may already be familiar with the investment tax credit, as it is one of the most dependable and compelling incentives offered to consumers who have solar panels installed throughout the U.S. This incentive gives customers the ability to deduct at least 22% of the total cost of the system from their federal taxes. For example, if someone spent 18,000 out of pocket, they would qualify for at least $3,960 in tax deductions. Commercial businesses can also benefit from these incentives. Commercial owners can deduct 10% of their commercial solar panel costs from taxes starting in 2022 and onward. There are additional incentives other than the federal ITC program, available throughout Arizona. This depends on the area where they are installed and the utility company that services the area. Some of these programs are the Solar Equipment Sales Tax Exemption, Residential Arizona Solar Tax Credit, and Energy Equipment Property Tax Exemption.
DIY Solar Panel Kits or Off-Grid Installations
Energy Efficient Systems
Anyone who is looking into solar incentives will find that the Residential Arizona Solar Tax Credit is among the most popular. It offers 25 reimbursements of the solar panel costs. This can be deducted from your personal taxes in the year they were installed. Note that the incentive only offers up to a $1,000 deduction. Another popular solar panel incentive is the Solar Equipment Sales Tax Exemption incentive. This allows consumers to purchase a solar system without paying sales taxes. This can add up to huge savings! The Energy Equipment Property Tax Exemption prevents you from having to pay additional property taxes by investing in solar panels. If you want to save on energy expenses, you can. With the variety of incentives offered today, you are sure to find answers to most questions by consulting with our experts. Our sales associates are very knowledgeable and are available to address any questions and concerns that you may have.
Call 928-251-0114 for a free quote and full explanation of all the incentives you could qualify for by going Solar with White Mountains Solar.
The only way to truly benefit from your solar panels is to make sure you purchase them and have them installed by a reputable solar company. White Mountains Solar is a reputable and reliable solar panel company. We will walk you through the entire purchasing process and installation process. Some companies will try to sell you things simply for the sake of selling you something. This is not what we do, as this wouldn’t benefit you or us. We will make sure that you receive what will offer you maximum benefits.
For full details just call us and we can explain exactly how these Rebates & Incentives will work for you.
Copyright © 2021 White Mountains Solar – All Rights Reserved
White Mountains Solar LLC is a retail store for solar products and a marketing contractor for Arizona Solar Wave & Energy ROC 152297. All engineering, designs, installs and service plus contract will be under Arizona Solar Wave & Energy LLC. ROC 155297 White Mountains Solar LLC will be paid a commission as a sole contractor for all work done by Arizona Solar Wave & Energy LLC. White Mountains Solar LLC may also contract to do marketing for other Solar Contractors that are licensed in Arizona. Created by Internet Assets