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  1. Save on Your Energy Bill
  • APS calculates that if your energy bill is $267 per month, a solar system will save you over $109,898 over the life of your system (25 years)
  • As energy costs continue to rise, those savings might even increase.
  • See cost savings right away – your APS bill will go down an estimated 90%.
  • $5K a year estimated savings
  1. The Federal Tax Incentives
Solar Panels
  • Allows you to reduce income taxes owed by up to 26% of the total cost of a solar system installation.
  • This applies to both businesses (Solar Investment Tax Credit (ITC)) and households (residential renewable energy tax credit)
  • If your rooftop solar system costs $30,000, you could reduce your income tax bill by 26% of that, or $7,800
  • It is possible to carry the unused amount to the subsequent tax year, but after two years any remaining credit you’ve earned goes away (fixed income, retirees)
  1. Take Advantage Now…
  • These credits are currently set to phase out over the course of the next few years. The tax credit will step down to 26% in 2020, then 22% in 2021, then remain permanent at 10% for commercial projects (while the residential credit will phase out).Now is the time to act!
  • 59% compound annual solar growth since they were enacted.
  • Bonus depreciation allows businesses to claim 100% of the cost of their solar system as a business expense in the first year after installation, instead of spreading out the cost over 5 years or more with normal depreciation rules.
  • Because businesses generally prefer to claim their tax savings as soon as possible, this is expected to further incentivize solar.
  1. Arizona State Solar Incentives
  • Residential Solar Energy Credit up to 25% of the cost of the system ($1,000 max)
  • Sales Tax Exemptions Solar system sales tax exemption (100% on eligible products
  • Property Tax Exemptions on added home value from the solar system
  1. Environmental Impacts
  • Reduce emissions by 9.04 metric tons per year
  • Equivalent to planting 63 trees
  • Equivalent to driving 22,041 fewer miles a year

Call Mike Powers at D&H Electric 928-726-5671 for all your solar needs!