Utah has an average of 238 sunny days per year. This, along with several financial incentives for installing a solar photovoltaic system makes it ideal for solar adoption. Here are some of the incentives available to Utah home and business owners:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 30% of the total purchase price of their solar system, no matter the system size or cost. This credit applies to all solar projects that begin construction in 2023 and will last through 2033, at which point it will drop to 26%.
Utah Solar Tax Credits, Incentives and Rebates:
Utah residents that install solar can claim 25% of the system cost, but it will be capped at $800 dollars, phasing down to a $400 dollar cap in 2023. You can claim 25% or up to $2,000 for other renewable energy systems, whichever is less. An upfront rebate of $400 per kilowatt of battery capacity, covering up to 70% of equipment costs.
Net Metering:
Solar energy systems under 1 megawatt (MW) in size are eligible to participate in net metering, which allows you to send your extra electricity back into the grid and get credits on your electric bill. When your panels aren’t producing all the electricity you need, you can use your credits instead of having to pay for electricity from your utility.
Further information and programs can be found at the Programs.Dsireusa.org
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