Arizona - Income Tax Subtraction for Energy Efficient Residences
Applicable Sectors: Residential
Summary:
Arizona provides an individual income tax subtraction to the original owner of a new energy efficient home. The credit may be claimed in the year that the house is sold. It is equal to 5% of the sales price excluding commissions, taxes, interest, points, and other brokerage, finance and escrow charges and cannot exceed $5,000. Energy efficient residences include new single family-residences, condominiums, or town houses that exceed the 1995 Model Energy Code Threshold by at least 50% (90 points) as determined by an approved rating program.
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