Arizona Residential Incentives for Renewable Energy

The residents of Arizona can take advantage of seven financial incentives for using renewable energy:

1. Green Building Incentive – The Green Building incentive was created to encourage environmentally responsible building. If you live in Scottsdale or Buckeye and build your home to the green standards given in the Green Home Rating Checklist, you can be eligible for an array of benefits including expedited plan review and free promotional green building materials In Tucson, there is a Permit Fee Credit for installing solar energy systems.

2. Personal Deduction – A personal deduction is available for biomass wood stoves that convert and existing wood stove into one which meets new industry standards. The maximum deduction for this incentive is $500.

3. Personal Tax Credit – Receive a 25% personal Tax Credit for installing solar and wind energy systems in your home.

4. Property Tax Exemption – If you install a solar energy device for heating and cooling, Arizona residents can claim 100% of the increased value.

5. Sales Tax Exemption – Those who purchase a solar power device for their residence are 100% exempt from sales tax. Retailer needs to be registered with the Arizona Department of Revenue.

6. Utility Loan Program – APS’s GEOSmart Financing Program encourages people to finance solar energy in their neighborhoods by offering loans for up to $50,000 at interest rates of 7.99% to 12.99%.

7. Utility Rebate Program – APS and SRP as well as several other small utility companies in Arizona offer utility rebate programs for renewable energy. To learn more visit: http://www.srpnet.com/environment/earthwise/solar/default.aspx or http://www.aps.com/main/green/choice/choice_2.html