Rainwater-Harvesting and Greywater-Harvesting Tax Credits now in effect in Arizona

Effective January 1, 2007, Arizona taxpayers who install a “water conservation system” (defined as a system to harvest residential greywater and/or rainwater) in their residence may take a one-time tax credit of 25% of the cost of the system (up to a maximum of $1,000). Builders are eligible for an income tax credit of up to $200 per residence unit constructed with a water conservation system installed.
Note that a misinterpretation of the tax credit used to only give the credit to greywater systems, but thanks to efforts by Rep. Steve Farley the tax credit will also apply to rainwater harvesting systems once the legislative session ends (by the end of June 2008). Once it takes effect, it will be retroactive to January 1, 2007. So, anyone who has purchased water harvesting systems from January 1, 2008 onward can apply for the AZ tax credits until the annual amount allotted to the credit has been filled.
There is $250,000 per year allocated for these tax credits. Once all is used that is it until the next year, so APPLY NOW if you qualify.

For application forms and further information go to:

www.azdor.gov
click on “credit pre-certification” on the left hand side of the home page
click on gray water conservation tax credit
there is general information and applications for corporations and for individuals.
For more water-harvesting financial incentives around the US and the world see http://www.harvestingrainwater.com/rainwater-harvesting-inforesources/water-harvesting-tax-credits/