Wednesday, September 28, 2022 6:20 am

How Arizona’s property tax ruling will affect state solar prices

solar-subsidiesBy 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.


Related: Rooftop solar no longer a good deal in Arizona 

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