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Solar Tax Credits
Why choose Intelligent Design for Solar Tax Credit?
Intelligent Design is your choice for solar panels and solar AC in Tucson. We guarantee our work on every project. Whether it involves solar panels, residential plumbing, or air conditioning. We are a trusted in Southern Arizona as a longstanding solar contractor and HVAC company. We’re ready to answer all your questions about solar energy. This includes how much you can save with tax credits! Contact us today at (520) 655-7595.
One of the benefits of the latest COVID relief package recently passed by Congress. Is the restoration of the 30% federal solar tax credit for homeowners. This extends the previous deadline for this tax credit by two years. This means that there’s no better time to invest in solar panels for your home. Intelligent Design can help you take advantage of Solar Credits in Southern Arizona.
Which Solar Tax Credits are available for homeowners?
Along with the renewed federal tax credit, there are some local tax benefits you can utilize. State and federal benefits can be used at the same time. This way you can optimize your total savings for your installation costs.
Federal Solar Tax Credit
he federal solar tax credit, or Investment Tax Credit (ITC). Allows homeowners to deduct 30% of the cost of installing a solar system from their federal taxes. On average, save about $9,000 through the solar ITC when installing whole home solar systems. To qualify, construction must begin on your solar installation in 2020, 2021, or 2022. Projects beginning construction in 2023 are eligible for a 22% ITC. The rate will drop to 10% thereafter. Additionally, homeowners must purchase their solar systems outright. This is usually in cash or through a solar loan. They must also have enough income for the tax credit to be meaningful as a deduction.
Residential Arizona Solar Tax Credit
As an Arizona homeowner, you may save even more by deducting 25% of the cost of your solar panels. This is usually up to $1,000 from your personal income taxes the same year you install your system. These savings are stackable with the federal ITC. Solar Tax Incentives are a great way to build a residential solar system with help from the U.S. Government.
Solar Equipment Sales Tax Exemption
Thanks to the Solar Equipment Sales Tax exemption. The homeowners do not face the burden of sales tax on any part of your solar equipment purchase. In addition, installing solar panels will not increase the property tax on your home. Even though your home will increase in value. Additional Solar Tax Incentives make it easier to get your Solar System built and pay less taxes.
Ready to learn more? Call (520) 655-7595 to speak with one of our representatives!
Hear From Our Happy Customers
At Intelligent Design, your satisfaction is our priority! See for yourself what our customers have to say about working with us.
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“JP Pratt did a great job repairing our split unit. Intelligent Design employees are polite, professional, and very knowledgeable.”- Nina R.
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“Brandon was very professional, courteous, and respectful. I felt Brandon was being honest and forthcoming with me and our situation. we are very pleased with the quality, transparency, and professionalism.”- Jimmy J.
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“This company has worked on multiple properties for me with never any issues and always great service. Alex really went far beyond what I call great service. He is one of those rare employees that a company wants to keep as long as they can.”- Stefan V.
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“Kyle was very professional and knowledgeable. If Kyle didn’t know the answer, he called around to get it for us. I highly recommend this guy, he goes above and beyond to solve problems and get answers.”- Kyle H.
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“He went above and beyond to make sure our AC unit was repaired. By the way, this was an emergency (weekend) visit at no additional fee. Not only was the service excellent but also reasonably priced.”- Hooter D.
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“The customer service when scheduling was exceptional and the electrician, Greg Gonzalez, was a true professional and a pleasure to chat with. It’s refreshing to see someone enjoy and take pride in their work.”- Joshua M.
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“He went above and beyond, leaving it better than he found it. He made an otherwise difficult situation for us a positive experience. I will refer anyone I know to Intelligent Design going forward, and tell them to ask for Jordan.”- Alejandro C.
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“Justin absolutely went above and beyond. He kept us informed all through the process. He was friendly, easy to talk to and answered every question.”- Rhonda S.
How can you take advantage of Tax Solar Credits?
Both the federal and state Tax Solar Credits function as deductions. This is for the years you installed (or began install) on residential solar panels. However, our solar installers are happy to help you understand how to apply these credits. They can help you calculate your total project costs with these deductions in mind.