43-1090. Credit for solar hot water heater
plumbing stub outs and electric vehicle recharge outlets installed
in houses constructed by taxpayer
A. A credit is allowed against the taxes imposed by this title for costs incurred
during the taxable year of installing or including in one or more houses or dwelling
units located in this state and constructed by the taxpayer one or more:
1. Solar hot water plumbing stub outs. To qualify for the credit, the stub out
must:
(a) Include two insulated three-fourths inch copper pipes and at least two pairs of
wires for monitoring and control purposes that project from the dwelling roof or other
suitable location and that are connected to the domestic hot water transport and storage
system.
(b) Be located and configured to allow sufficient solar access and exposure and to
allow ready installation of solar water heating devices without further expense or effort
to reach, use or serve the domestic hot water system of the house or dwelling.
2. Electric vehicle recharge outlets. To qualify for the credit, the outlet must
be connected to the utility system by a dedicated line that:
(a) Is capable of operating at normal secondary voltages.
(b) Meets applicable local building safety codes.
(c) Is commensurate and consistent with electric vehicle recharging needs and
methods.
B. The credit shall not exceed seventy-five dollars for each installation for each
separate house or dwelling unit.
C. The taxpayer may elect to transfer a credit under this section to a purchaser or
transferee of the house or dwelling unit. If the taxpayer elects to transfer the credit,
the taxpayer shall deliver to the purchaser or transferee a written statement that the
taxpayer has elected not to claim the credit and that the purchaser or transferee may
claim the credit, subject to the conditions and limitations prescribed by this section.
D. If the allowable credit exceeds the taxes otherwise due under this title on the
claimant's income, or if there are no taxes due under this title, the amount of the
credit not used to offset taxes under this title may be carried forward to the next five
consecutive taxable years as a credit against subsequent years' income tax liability.
E. Co-owners of a business, including partners in a partnership and shareholders of
an S corporation, as defined in section 1361 of the internal revenue code, may each claim
only the pro rata share of the credit allowed under this section based on the ownership
interest. The total of the credits allowed all such owners may not exceed the amount
that would have been allowed a sole owner.
F. The credit allowed under this section is in lieu of any expenses taken for
installing solar stub outs or electric vehicle recharge outlets to reach Arizona taxable
income.
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