Utah Incentive Programs, Utility Rebates, Utility Loans and Utility Incentives
The Utah Department of Natural Resources is home to information about the Renewable Energy Systems Tax Credit. Utah residents can take a tax credit of 25% of the cost of installing a solar system at home (capped at $2,000). If that’s more than your tax liability, you can spread the credit over as many as four years. Corporate customers can take a tax credit for 10% of the cost of a system that generates more than 660 kW (capped at $50,000).
Energy companies and commercial customers do not have to pay sales tax on renewable energy generation equipment under the Renewable Energy Sales Tax Exemption.
The City of St. George
St. George offers a great rebate of $2,000/kW AC generated from solar or wind power. The residential rebate is capped at $6,000, but that’s perfect for your 3kW system at home. Commercial customers are eligible for a rebate of up to $20,000.
Rocky Mountain Power (a PacifiCorp subsidiary)
Rocky Mountain Power offers a similar rebate of $1.10/watt AC for residential, $0.85/watt AC for small non-residential, and $0.65/watt AC for large non-residential customers. Their rebate is also capped at $4,400 for residential customers, $21,250 for small non-residential customers and $650,000 for large non-residential customers.
The following is a list of rebates and incentives that are available in Utah:
Utah solar power rebates and incentives can make the cost of your solar electric system more affordable. Most rebates in Utah are offered by Rocky Mountain Power. We will provide you with all the information you will need to apply for the next available rebate in order to keep your solar panel system affordable. Because these rebates are selected by lottery there is no guarantee that you will be selected. However, Rocky Mountain Power maintains a waiting list for all interested parties in the event that a rebate becomes available.
DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.
ENERGY STAR is a U.S. Environmental Protection Agency voluntary program that helps businesses and individuals save money and protect our climate through superior energy efficiency.
Utah currently is given a grade of ‘A’ for it’s NET metering regulations requiring all investor owned and cooperative electric utilities to offer net metering to customers with renewable energy systems. Net metering allows customers to keep track of excess electricity produced by their solar system (or other renewable energy source). Later on, whether after the sun goes down each day or during the short days of winter, the credited electricity can be used. The goal is to ‘Net Zero’, meaning to produce as much electricity as is used throughout the year, and eliminate electricity bills. Under most current regulations, extra credits at the end of the net metering year are lost, so there is no incentive to produce more electricity than will be used. Some cities have started incorporating a power purchase program with home owners and business. Contact us to inquire about these programs.