APS Rebates

Arizona ranks #8 in America for savings from installing solar panels on your home!

Solar is More Affordable than Ever

The price of solar has fallen drastically over the last decade thanks to research into more efficient and cheaper ways to build solar panels. And since more people and companies are investing in solar, the price comes down as the demand increases. American families can save over $100 a month (over a thousand a year!) just by switching to solar alone. And that’s not counting any extra energy their panels make that they can sell back to the power grid.

The Top-rated Arizona solar tax credit and state incentives.

There are several Arizona solar tax credits and exemptions that can help you go solar:

Residential Arizona Solar Tax Credit

The Residential Arizona Solar Tax Credit reimburses you 25 percent of the cost of your solar panels, up to $1,000, right off of your personal income tax in the year you install the system.

Equipment and Property Tax Exemptions

Thanks to the Solar Equipment Sales Tax Exemption, you are free from the burden of any Arizona solar tax. Therefore, you aren’t required to pay any sales tax on the purchase of your solar system. Similarly, the Energy Equipment Property Tax Exemption means you won’t have to pay any additional property taxes on the value you are adding to your home by investing in solar panels.

Don’t Forget About the Solar Federal Tax Credit

On top of these state tax rebates and exemptions, you will also qualify for a huge tax credit from the Federal government. Known as the solar Investment Tax Credit (ITC), this rebate is worth 30 percent of the system cost, and will be deducted from your federal income tax. Keep in mind that the federal ITC applies only to those who buy their PV system outright (either with a cash purchase or solar loan), and that you must have enough income for the tax credit to be relevant.

The APS Solar Partner Program:

is a free program with no cost to you
provides annual savings of $360 off your APS electricity costs
requires no commitment and is easily transferred to new homeowner
studies late afternoon solar production against peak usage periods
is for qualified homes with a westerly-facing roof, in peak usage areas and a limited area of south-facing roofs will qualify in targeted areas.

The solar experts at Cool Blew Electric & Solar can provide you more information on the rebates and incentives you qualify for. Call them today for a free estimate or for more information.

FAQ's

Is Solar Energy Expensive?

The size of your panel installation and the needs of your home will affect your costs. The average net cost of a 5.69kW system is $13,838 cash after 30% rebate (according to solar-estimate.org). An average-sized system can cost up to $35,000. Larger installations will require more hardware, planning and construction time. This can further increase costs. While solar panels are expensive, they have many distinct benefits. Cool Blew Electric & Solar’s experts can assess your situation and goals and recommend a cost-effective system to meet your needs.

How Much Can I Save By Installing Solar Panels?

An average-sized system (5 kilowatts) can reduce up to 50% of your monthly electricity bill. A 5.69kW system would offset 100% of your energy usage if your typical monthly bill is $138. Over a period of 20 years, these savings can add up to $30,000, based on your location and energy usage.

How Long Would It Take to Recoup My Solar Investment by Solar Energy Savings?

With a 5.69kW Solar system you would recoup your savings in 7 years and 2 months but with continuous Utility increases every year your Return and Investment will be much sooner.

What is a Solar Lease Program?

The Solar Lease Program has been one the most popular option that homeowners have chosen over the years. Solar Lease programs gives homeowners the opportunity to take advantage and put Solar on their homes and a guaranteed savings from their Utility for little to no money out of pocket. Most Leases are 20 year power guarantee from the solar provider and includes fixed monthly payments, no repair cost, fully insured and warrantied for the life of the system.