Arizona Solar Water Heater Tax Credit

A nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona.

Arizona solar water heater tax credit.

Credit for solar hot water heater plumbing stub outs and electric vehicle recharge outlets. All energy star certified solar water heaters qualify for the tax credit. You will need to filter by solar once you open the water heaters product list. All energy star certified tankless water heaters meet the requirements for the non business energy property tax credit.

Credit for solar hot water heater plumbing stub outs and electric vehicle recharge outlets. Solar water heaters remain a cost effective solution for homeowners to reduce their utility bills particularly if they are replacing an electric water heater which arizona has in abundance. Water heaters non solar are a part of residential energy property costs. The credit is not available for expenses for swimming pools or hot tubs.

This 75 credit is provided for in arizona revised statutes 43 1090 and 43 1176 and is a nonrefundable individual and corporate income tax credits for the installation of solar hot water heater plumbing stub outs and electric vehicle recharge outlets in houses or dwelling units. Here are the specifics. The tax credit remains at 30 percent of the cost of the system. New york offers a state tax credit of up to 5 000.

The tax credit is now available to homeowners in some form through 2021. According to energy star water heaters account for 12 of the energy consumed in the home. Arizona credit for solar hot water heater plumbing stub out and electric vehicle charging station outlet. Arizona and massachusetts for instance currently give state income tax credits worth up to 1 000 toward solar installations.

The renewable technologies eligible are photovoltaics solar water heating other solar electric technologies wind fuel cells geothermal and heat pumps. Thanks to the solar equipment sales tax exemption you are free from the burden of any arizona solar tax. File tax form 5695 with your tax return. Form year form.

Arizona department of revenue 602 255 3381 1600 west monroe street phoenix az 85007. Equipment and property tax exemptions. The residential arizona solar tax credit reimburses you 25 percent of the cost of your solar panels up to 1 000 right off of your personal income tax in the year you install the system.