Tax incentives and rebates

Under the Inflation Reduction Act, Pima residents are eligible to receive a 30% federal tax credit against the cost of their solar panel system. Additionally, the Arizona Residential Solar Energy Tax Credit offers a 25% (up to $1000) state solar tax credit, while the Solar Equipment Sales Tax Exemption provides a 5.6% sales tax exemption on home solar systems purchased in Arizona.

Boost property value

Residential solar panel installations can help boost your property value. Prospective buyers are willing to pay 4.1% more than market value for energy-efficient homes.

Long-term energy savings

Solar panels offer significant short-term energy savings and start paying for themselves after a certain period. Here are some numbers that demonstrate the saving potential of solar panel installations in Pima, 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: 7.45 years
5. Average 20-year savings: (accounting for solar installation costs, federal tax credit, and inflation): $52,051

Additionally, Pima residents can benefit from Arizona’s net billing program in the short term, where utilities offer an excess generation credit rate – often lower than the retail electricity rate – for excess energy generated by residential or commercial solar panel installations.

Environment friendly

Using solar energy is one of the easiest and most convenient ways to reduce fossil fuel dependence and contribute towards Arizona’s goal to achieve net-zero GHG emissions no later than 2050.