Arizona - Non-Residential Solar & Wind Tax Credit
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, Agricultural and Institutional
Summary:
Arizona's tax credit for solar and wind installations in commercial and industrial applications was established in June 2006 (HB 2429). In May 2007, the credit was revised by House Bill 2491 to extend the credit to all non-residential entities, including those that are tax-exempt. Third parties who install or manufacture systems for non-residential applications are now eligible to claim the credit -- not only those that finance a system as allowed in the original legislation. These provisions are retroactive to January 1, 2006.
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Arizona - Qualifying Wood Stove Deduction
Applicable Sectors: Residential
Summary:
This incentive allows Arizona taxpayers to deduct the cost of converting an existing wood fireplace to a qualifying wood stove. The cost to purchase and install all necessary equipment is tax deductible, up to a maximum $500 deduction. Qualifying wood stoves must meet the standards of performance for new wood heaters manufactured after July 1990, or sold after July 1992. This deduction is for taxable years after December 31, 1993.
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Arizona - Residential Solar and Wind Energy Systems Tax Credit
Applicable Sectors: Residential
Summary:
Arizona's Solar Energy Credit provides an individual taxpayer with a credit for installing a solar or wind energy device at the taxpayer's Arizona residence. The credit is allowed against the taxpayer's personal income tax in the amount of 25% of the cost of a solar or wind energy device, with a $1,000 maximum allowable limit, regardless of the number of energy devices installed. The credit should be claimed in the year of installation and if the amount of the credit exceeds a taxpayer’s liability in a certain year, the unused portion of the credit may be carried forward for up to five years.
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