Leasing Solar Panels In Arizona

We buy and maintain your panels you pay for solar electricity for your home.

Leasing solar panels in arizona.

Arizona s solar energy credit is equal to 25 of the costs of a solar system up to 1 000. This arrangement typically results in the homeowner. Equipment and property tax exemptions. Arizona solar energy tax credit.

The chart below gives you an idea of the costs and returns for each solar option available to arizona residents cash purchase purchase with credit and solar leasing. It s a new kind of home solar. One other option offered by some arizona solar companies is a prepaid lease. Home solar panels can be expensive costing anywhere between 18 000 and 29 000.

Unlike states with weaker solar programs and lower energy costs. Thanks to the solar equipment sales tax exemption you are free from the burden. But they don t have to be. Arizona solar panels for little to 0 down with electricity prices headed in an upward trajectory each year it s time to explore some options.

Brightsave monthly tm our most popular plan can get you going with solar for as little to 0 down. Leasing solar panels in phoenix arizona. Acquiring a solar panel system on lease comes with its own set of pros and cons. Not only do arizona residents get to take advantage of the federal tax credit but they can also receive the state s solar energy credit.

The main practical distinction between buying and leasing a solar pv system is in ownership. Information about solar panels in arizona. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system. If you remember one thing from the chart below it should be that using solar power in arizona makes you money.

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. An arrangement similar to a lease arrangement where the solar provider installer secures funding on their own for the solar project installs the solar system in your home office building and then sells the electricity from the solar system to the home building owner at a fixed contractual price for a set length of time. At the beginning you do not have to pay any money out of your pocket.

Residents enjoy sunshine for 85 of the year making it the ideal location for going solar. It s no surprise that arizona has been a pioneer in the solar industry. Leasing is a great payment method to get a solar power system if you don t have enough. You don t have to hassle over repairs or maintenance.

If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan.