ARIZONA: SOLAR TAX CREDIT BILL PASSES
Good news. On June 20, HB 2429 passed
out of the Arizona Legislature and is headed to the Governor's desk for
signature. The bill provides for:
- A commercial tax credit of 10% with a
$25,000 maximum per system and $50,000 per company annually. The credit is
capped at $1 million.
- A full sales tax exemption for solar
energy systems.
- A full property tax exemption for
property owners installing solar energy systems.
All told, it will help make solar
installations cheaper in the state. Representative Lucy Mason, the bill's
sponsor, and Michael Neary of the Arizona Solar Energy Industries Association
deserve special thanks for all their hard work making this happen. And if you
sent an email or made a call, give yourself a pat on the back as well.
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goto: www.votesolar.org