Solar Power Incentives
Solar Electric and Water Heating Systems Incentives that TEP is Offering
All solar power electric and solar water heating systems that we install qualify for a 26% federal tax credit (2021 and 2022) and a $1,000 state tax credit! These tax credits make going solar and saving money much more affordable, and let’s your tax dollars go to work for you! For example:
5 kW Solar Electric System Fully Installed*
| Total cost: | $12,500 |
| Federal tax credit: | $3,250 |
| State tax credit: | $1,000 |
| Net cost: | $8,250 |
* example only, price varies on product selection and scope of work
$552 K
TEP projects taxpayers will save about $552,000 per year
20 years
TEP has provided residential solar electric customers with the following 20 year renewable energy credit
Solar Pool Heating Systems Tax Incentives
Solar pool heating systems qualify for only the $1,000 state tax credit (25% up to $1,000), and do not get the extra federal credit. For example:
10 Panel Solartech Pool Heating System Fully Installed*
| Total cost: | $4,500 |
| State tax credit: | $1,000 |
| Net cost: | $3,500 |
* example only, price varies on product selection and scope of work
