One of the best reasons to get solar panels is the impressive collection of tax rebates and incentives you can get from the government.
By incentivizing people to install solar panels in their home, you are eligible to offset the cost of your solar panels in the form of a tax credit.
These credits can help save you thousands of dollars and help cover the cost of installation.
#1. The USA Federal Tax Credit
In 2022, the federal solar tax credit will deduct 26 percent of the cost of a system for eligible residential and commercial tax payers.
In 2023 new residential and commercial solar customers can deduct 22 percent of the cost of the system from their taxes.
It makes sense to get your solar system installed in 2022 to get the maximum rebate available from the Feds.
You can read in-depth about the federal tax credit here.
#2. The Arizona State Tax Credit
Buy new solar panels in 2022 in Arizona and get a 25% credit of its total cost against your personal income taxes owed in that year.
The maximum credit in a taxable year can't be more than $1,000, regardless of the number of solar energy devices installed in the same home.
Read more about the 2022 Arizona solar tax credit here.
#3. $1000 Bonus Cash Back
WattsUp Solar will immediately give you $1000 cash back upon the successful installation of a solar system by our company in 2022.
#4. Potential cash back at the end of every year from the offset of your solar power generation.
It is possible that your new solar system will produce more energy than your family household needs.
Your local utility company may provide bill credits for this excess power you put back into the grid.
This process, called net metering, makes your power meter turn backwards and you sell this excess power your solar systems generates back to your electric company at the same price they charge you per kilowatt hour.
When we have a strategy call with you, we can see if your new solar system would do this.
#5. Eliminating Your Electricity Bill Can Pay for Your Solar Installation.
At WattsUp Solar we have a special process by which what you pay for electric right now, typically covers the monthly payment for your solar installation.
Think of purchasing your solar system as an investment not a cost. You will own your own power plant.
We currently have $0 down payment programs with 0.99% financing and we offer a 20% discount on your entire solar system, which means big savings for you and your family.
We work with you every step of the way to ensure you understand all of the paperwork and file things correctly.
#6. Freeze Out Electric Bill Inflation
Add on our current inflation rate of 6% and most people are going to pay much more for electric this year.
When you have a solar system that generates your power, you are in essence freezing out inflation.
Which means you will keep much more of your hard earned money.
#7. Increase Your Home’s Value
A study from Lawrence Berkeley National Laboratory revealed that on average, solar panels raise a home's value by $5,900 per installed Kilowatt.
A 4 kW system increased home value by $23,644.
A 6 kW system increased home value by $35,466.
An 8 kW system increased home value by $47,288.
A 10 kW system increased home value by $59,110.
Read more about this study here.
Our Solar Installation & Service Areas Include:
Avondale, Buckeye, Casa Adobes, Chandler, Flagstaff, Gilbert, Glendale, Goodyear, Maricopa, Mesa, Peoria, Phoenix, Queen Creek, San Tan Valley, Scottsdale, Surprise, Tempe, Tucson, Yuma & all of Arizona for that matter.