Utah Solar Tax Incentives
For those in Utah, there’s never been a better time to go solar!
With new state and local tax credits available, solar shopping has never been easier (or better).
Renewable energy systems tax credit allows homeowners in Utah to receive a credit on their next year’s income taxes, in order to reduce their total solar costs. Residents can claim up to 25% of their total equipment and installation costs, reaching up to $1,600. Keep in mind, that is in addition to the 30% federal tax credit for solar. Not a bad deal!
Utah Solar Tax Credits, Incentives & Rebates
SOLAR SAVINGS & THEIR VALUE
Federal Solar Tax Credit (ITC) – 30% of the total cost of your solar equipment
Local Utility Solar Rebates – $1.05 per Watt (up to $4,600)
Other Programs Offered – Varies (Net Metering)
Additional Rebates from your Local Utility
For Utah residents who are customers of Rocky Mountain Power can claim a rebate of $1.05 per watt of installed solar power, up to $4,600.
In addition, the state has legislation which protects residents and promotes going solar. With Utah’s Solar Easements law, you have the right to work with your neighbors in order to make sure there are no trees shading your solar panel system. In addition, your local zoning authority has the power to prevent developers from prohibiting any installation of solar panels on your home.
Federal Tax Credits
The federal solar tax credit is, without a doubt, one of the greatest incentives available for Utah homeowners. With the ITC, you have the right to deduct 30% of the total cost of your solar system equipment from your taxes – providing you with major savings on your PV installation.