| In the desert regions of Arizona, a family of four typically spends more than $ 500.00 per year on electric water heating. By installing a solar water heater, the homeowner could save between 50 and 90 percent on their bill. The solar water heaters also pay for themselves in 5-7 years, depending on hot water use. Solar also increases the value of your home and is appealing to potential buyers. When installing any solar products you can take advantage of the following existing State, Federal and Utility incentives: Tucson Electric Power:Residential Solar Water Heater: $0.25/kWh-equivalent, plus $750 up to a maximum amount of $1,750, or performance-based incentive. Phone: (520) 918-8296 Trico Electric Power:Solar Water Heaters: $0.50 per expected first year kWh savings over traditional water heating savings in the first year up to 50% of project costs. Phone: (866) 337-2052 Federal Government:30% of the cost after utility incentives, including installation, no maximum. Excess credit may be carried forward to the succeeding tax year. Phone: (800) 829-1040 Arizona State:25% of the cost after utility incentives, including installation, with $1000 max credit per residence regardless of the number of energy devices installed. Excess credit may be carried forward for five succeeding tax years. Phone: (602) 771-1241 |
Incentives and Credits



