Federal Solar Tax Credit
1. Federal Solar Investment Tax Credit (ITC):
- Eligibility: Homeowners installing solar energy systems, including solar attic fans.
- Credit Amount: 30% of the cost of the solar system, including installation.
- Expiration: This credit is set to phase out gradually after 2032, so it is important to take advantage of it as soon as possible.
- Claim Process: File IRS Form 5695 with your federal tax return.
Arizona State Tax Credits
2. Arizona Residential Solar Energy Tax Credit:
- Eligibility: Homeowners who install solar energy devices, including solar attic fans, in their primary residence.
- Credit Amount: 25% of the cost of the system, up to $1,000.
- Expiration: No current expiration date for this credit.
- Claim Process: File Arizona Form 310 with your state tax return.
3. Arizona Solar Equipment Sales Tax Exemption:
- Eligibility: Purchasers of solar energy equipment, including solar attic fans.
- Benefit: Exemption from state sales tax on solar energy equipment.
- Claim Process: Provide proof of purchase to the retailer; the retailer will apply the exemption at the point of sale.
4. Arizona Property Tax Exemption for Solar Energy Systems:
- Eligibility: Homeowners who install solar energy devices, including solar attic fans.
- Benefit: Exemption from any increase in property taxes due to the added value of the solar energy system.
- Claim Process: Automatically applied; no need to file additional forms.
Important Considerations
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Documentation: Keep all receipts, invoices, and any other documentation related to the purchase and installation of your solar attic fan. This is necessary for claiming both federal and state tax credits.
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Consult a Tax Professional: Tax laws and credits can be complex. It’s advisable to consult with a tax professional to ensure you are eligible and correctly claiming all available credits and exemptions.
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Installation Requirements: Ensure that your solar attic fan is installed by a certified professional and meets all local building codes and regulations. This is crucial for qualifying for tax credits and ensuring the efficiency and safety of your installation.
By taking advantage of these tax credits and incentives, homeowners in Arizona can significantly reduce the cost of installing solar attic fans, making it a more affordable and environmentally friendly option for improving home energy efficiency
Why Install A Solar Attic Fan?
How exactly does a solar fan work to circulate your attic’s air? These fans work by efficiently pulling in cold air from the soffits. Then, the fans will push any hot air found below the fan outwards. Essentially, this motion mimics the way hot air moves naturally. Warm air always stays on top, while the cold air rests at the bottom. Attic fans are there to aid the movement and circulation of air within your home or commercial property.
Solar fans will provide a constant and efficient air flow daily throughout the attic. Stale, warm air will be vented outwards to give the area more cool air. Experts refer to this process as the “air exchange.” It may seem normal for your attic to be the warmest area of your home, but the experts say this room should never be 10-25 degrees above the outside temperature. A properly ventilated attic will undoubtedly reduce your energy costs. W
arm air will rise from the inside of the home during the colder seasons. This air will eventually collide with cooler air near the roof. Solar fans are there to prevent air from simply condensing on the surface, keeping the attic area dry. This is usually not a concern in a place like Arizona. Benefits Of Solar Attic Fans
Solar Attic Fan Pros
Here are the advantages of having solar attic fans:
Run On Solar Energy
Because these fans are powered by the sun, they are considerably cheaper than most conventional fans. This means you will need no extra electricity from your home or business to power up these fans. Saving on electricity costs and helping the environment are just two reasons why solar attic fans are rising in popularity.
Cools Down Attic Area
Another pro in the solar attic fan checklist is the fact that these will cool down your attic area, considerably. Cooling down the attic will then translate to keeping the entire home cool. The more hot air that is kept out of the attic – the more hot air that is kept out of the home in general. Solar attic fans are also known for keeping the attic space clear of any harmful dust or dirt. Keeping your home’s temperature low will help you save money on future cooling costs.
Less Expensive Than Full Ventilation Systems
Solar attic fans are typically less expensive and easier to install than full ventilation systems. These solar attic fans require less time and a much less invasive installation process.
Solar Tube Installation In The East Valley
Elite Home Daylighting Systems offers tubular skylights and solar attic fan installation services to the entire Phoenix east valley. Service area includes Chandler, Gilbert, Mesa, Tempe & more! Contact us for a free quote today!
