Arizonans voted against Proposition 127 in the most recent election. What does this mean to you? Instead of APS being required to provide half of their power from renewable energy such as solar and wind by the year 2030, current regualtions will remain the same. Those regulations, enacted by the Arizona Corporation Commission, state that APS must provide 15% of their power from renewable energy by the year 2025.
Why did people vote no?
The total spent by committees both for and against the prop totaled $54.7 million as of October 20, with over half of it ($29.9 million) coming from Arizonans for Affordable Electricity, funded by APS’ parent company. One drawback for many voters was that the bill would have required a change to the state constitution rather than a mandate written by the Arizona Corporation Commission. It would not have allowed much room to work with, with how the renewable energy was implemented. Because of this, the Arizona Corporation Commission is considering an increase to the current standard to get 80% of the state’s electricity from not only renewable energy, but also nuclear energy by the year 2050.
Can I still receive tax credits for a solar installation?
Yes you can. The Federal Tax Credit will still be 30% through 2019 as long as you claim that credit in the year your installation takes place. After that, the credit will drop to 26% for 2020 and 22% for 2021. The good news is that the cost of solar is constantly dropping, making your installation more affordable despite a lower tax credit.
More information about tax credits can be found here.