TAX CREDIT EXPIRING 12/31/2020
For the past 12 + years the renewable energy sector exploded in growth in no small part due to the Federal Investment Tax Credit which currently in 2020 is at 26%. This is a dollar for dollar credit towards your IRS liability. If your unable to use all of your eligible credits in year one, You can carry the credits forward for up to 5 years. ( Businesses are able to carry forward up to 20 years.)
In tax year 2021 the ITC credit is scheduled to drop to 22%.
Arizona Residents also receive a one time renewable energy Credit of $ 1,000.00 on either Photovoltaic Solar, thermal or Wind.