Suncity sues the Arizona tax department

Suncity sues the Arizona tax department News in the early morning of July 3rd, Beijing time, U.S. solar energy company Suncity Corporation (72.5, 1.28,…

Suncity Company has created a unique household rooftop solar leasing model, which makes the installation and maintenance costs of solar energy lower than the monthly electricity bills that users need to pay. Benefiting from this model, Suncity's business has expanded extremely rapidly.

Last year, the Arizona tax department determined that solar panels were not exempt from tax. The market is worried that if this law is implemented, it will inevitably reduce the income from solar leasing and hinder the development of solar power generation in Arizona.

Renewable energy analyst GTM Research said earlier this week that the rule would have a "substantial impact" on Arizona's rooftop solar market.