By Josh Cornfeld | Greentech Media
In recent weeks, the solar industry has been focused on the Arizona Department of Revenue’s ruling that third-party-owned distributed solar will likely be subject to property taxes. This change in the interpretation of Arizona’s tax code would cost the average customer leasing a residential solar array approximately $152 per year, decreasing the economic viability of third-party-owned distributed solar.
As a result, many in the industry are worried that the distributed solar market in Arizona, which was the third-largest residential market in the United States in 2013, will crater in 2014. A new analysis from GTM Research suggests that the ruling could have a material impact on Arizona’s residential solar market.
