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Arizona tax tidbit: solar energy credit

Arizona flag Arizona tax law aims to let its residents take advantage of that state's sunny clime.

Grand Canyon State homeowners who install a solar energy device in their homes may claim a solar energy credit.

The state tax credit for buying and installing a solar energy device is 25 percent of the cost, including installation, or $1,000, whichever is less. If you install more solar equipment in a later year, the cumulative credit cannot exceed $1,000 for the same residence.

And the tax credit isn't refundable. That means it will only zero out what you owe the Arizona tax collector, but the excess won't get you a refund.

However, if you do have excess solar energy credit, you may carry the unused amount forward for up to five consecutive years.

The tax break certainly makes that Southwestern state's legendary heat a tad more tolerable.

Tax trip around the United States: This is the second in our new series highlighting tax information from the 50 U.S. states and our nation's capital.

The State Tax Departments page provides links to official state and District of Columbia revenue Web sites so that you can find out more about your home's tax laws and filing requirements. You also can check out info on other locales in our Complete menu of tasty state tax tidbits.

As the 2010 tax season progresses, a different state will be featured each day as noted in Don't forget your state taxes! Check back to see what tax tidbit we share about your home state!

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Build Your Own Windmill

Its good to see the states giving tax credits for green projects as well as the Fed

I know they don't have any state income tax in Texas (used to live there) Is there any Texas specific tax incentives?

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