Tax incentives and rebates

The residents of Luke Air Force Base, AZ, are eligible for several federal and state tax incentives and rebates, such as:

1. A 30% federal tax credit under the Inflation Reduction Act.
2. A 25% (up to $1000) state solar tax credit on home solar systems purchased in Arizona.
3. A 5.6% sales tax exemption on solar equipment purchased in Arizona.
4. Property tax exemption on appreciated home value from residential solar installation

Boost property value

Residential solar installation can boost your property value as the pricing of energy-efficient homes appreciates $20 for every $1 saved in energy bills. Additionally, buyers are also willing to pay 4.1% more than market value for such properties.

Long-term energy savings

Residential and commercial solar installations have significant long-term energy-saving potential, with the system paying for itself within a certain time. Here are some numbers highlighting the saving potential of solar panel systems in Luke Air Force Base, AZ:

1. Average monthly electricity consumption: 1,500 kW
2. Average electric rate: 15 ¢/kWh
3. Average monthly bill: $229
4. Solar system buyback period: 7.20 years
5. Average 20-year savings: (accounting for solar installation costs, federal tax credit, and inflation): $41,555

Additionally, programs like net billing can also help Luke Air Force Base residents lower their electricity bills in the short term.

Environment friendly

Relying on renewable energy sources like solar energy can help you practice sustainable living and help contribute towards achieving Arizona’s net-zero goals.