Arizona Solar Water Heater Tax Credit

There s no dollar limit on the credit for most types of property although the credit for fuel cells is capped at 500 per half kilowatt of power capacity.

Arizona solar water heater tax credit.

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. Arizona department of revenue 602 255 3381 1600 west monroe street phoenix az 85007. According to energy star water heaters account for 12 of the energy consumed in the home. Credit for solar hot water heater plumbing stub outs and electric vehicle recharge outlets.

File tax form 5695 with your tax return. Water heaters non solar are a part of residential energy property costs. Thanks to the solar equipment sales tax exemption you are free from the burden of any arizona solar tax. The tax credit remains at 30 percent of the cost of the system.

A nonrefundable individual tax credit for an individual who installs a solar energy device in taxpayer s residence located in arizona. 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. All energy star certified solar water heaters qualify for the tax credit. Arizona and massachusetts for instance currently give state income tax credits worth up to 1 000 toward solar installations.

New york offers a state tax credit of up to 5 000. Solar hot water heaters solar electric equipment wind turbines and fuel cell property are examples of equipment eligible for the tax credit. 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.

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. Arizona credit for solar hot water heater plumbing stub out and electric vehicle charging station outlet. The water must be used in the dwelling. The credit is not available for expenses for swimming pools or hot tubs.

Form year form. You will need to filter by solar once you open the water heaters product list. The tax credit is now available to homeowners in some form through 2021.