Renewable Industries Bill Passes in Arizona

Arizona has passed landmark legislation that opens the door for renewable energy and solar companies to expand here. The program rewards companies for locating in Arizona and for creating jobs and making investments in the state. The Renewable Energy Tax Incentive Program makes Greater Phoenix a prime location for solar and renewable energy companies.

Program Benefits

The Renewable Energy Tax Incentive Program allows companies in the solar, wind, biofuels and geothermal industries to receive tax breaks for growing or expanding in Arizona. Benefits to renewable industries include:

Refundable corporate income tax credit
Real and personal property tax reduction

Program Details

Businesses making new investments in manufacturing and/or headquarter operations in Arizona in renewable energy industries are eligible for the program if they meet the following requirements:

51% of new jobs must pay a wage that is equal to or exceeds 125% of the state's median wage as determined by the Arizona Department of Commerce.
Firm must offer health coverage for which the firm pays 80% or more of the premium for the employee or equivalent for alternative models.

Click here to view additional program details or contact the Arizona Department of Commerce.

More information about Arizona's Renewable Energy Tax Incentive Program

Arizona is poised to become the nation's renewable and solar energy capital. Find out why you should grow your renewable and solar energy company in Greater Phoenix. Contact GPEC today and let us introduce you to Greater Phoenix.