Solar Power in Utah: All You Need to Know!

| Article Highlights

Solar Power in Utah is Smart

As of right now, Utah has an incredible amount of potential to adopt solar energy as a renewable energy source.

Utah receives a lot of sunlight and its vast open spaces uniquely prime Utah to eventually produce up to one third of the nation’s energy needs through solar energy alone.

Along with California and Nevada, Utah is a state that has some of the best potential to adopt solar energy.

With both residential installations and giant commercial solar farms, there’s never been a better time to consider solar energy as a renewable energy source.

In order to combat rising utility costs and help keep Utah beautiful, here’s why solar energy is worth your consideration.

 

Solar Power in Utah Simply Makes Sense

With as much sun as Utah already enjoys, solar energy simply makes sense. Along with boasting a number of national treasures including Bryce Canyon and part of the Grand Canyon, Utah receives a lot of sunlight year-round.

Solar energy is both a fantastic way to help save the environment and save your own wallet.

Over time, you could save a lot of money on your utility bills by simply installing a solar panel system.

Solar energy is a fantastic way to become more self-sufficient and less dependent on the utility grid, which is a worthy goal for everyone.

Question? Talk to our trusterd solar experts in Utah Today! and see your savings.

Utah’s RPS and the Bright Future

Utah actually has an incredible renewable portfolio standard, which calls for a certain percentage of energy to be produced via renewable methods.

By 2025, Utah is calling for a 20% RPS. Unlike other states, Utah’s RPS is considered voluntary, which means that it will only be upheld if maintaining the RPS plan is deemed “cost effective”.

While Utah is right on track to meeting their RPS goal, having a stronger RPS would be beneficial when it comes to both encouraging people to adopt solar panels and encouraging utility companies to consider renewable methods.

Utah RPS Carve Outs

Utah does not have a specific RPS carve-out for solar energy. However, the state does offer a number of programs and initiatives to encourage people to adopt solar energy.

By creating a specific carve-out for solar energy, many states find that this is a fantastic way to encourage the solar industry to expand.

 

You Can Save Money By Going Solar in Utah

Think of how much money you waste every month on your utility bills. Wouldn’t you like to pocket that money instead?

By going solar in Utah, you can actually save money on your utility bills. In some cases, thanks to net metering, you may even be able to turn a profit based on your own unique situation.

Get in touch with local solar panel installation team to figure out your exact costs and savings.

Utah Solar Case Study

A number of case studies show that adopting solar power in Utah can be both a money saving venture and potentially profitable.

For example, one family was able to reduce their $500+ utility bills to a cool $300 a month and expect to save about $45,000 in utility costs alone over the next fifteen years.

You can save big by installing solar panels in UtahSuch cases don’t reflect on every situation but as a homeowner, you can expect to save a lot with solar energy.

The average solar panel system in Utah costs about $25,000. Between rebates and statewide tax credits, you can reduce this hefty bill to about $18,000, not counting the additional 30% you could expect to save with the Federal Solar tax credit.

On average most solar panel systems installed in Utah are capable of paying for themselves within 11 years and you may be able to save as much as $700 in your first year alone. Over the lifetime of the system, you may be able to earn up to $25,000 from the energy produced by your system.

Please note: The above figures are just an estimate.

For an accurate quote for your Utah home we reccomend to talk to local installer we trust. Few minutes over the phone with freindly installer will help clarifies the picture for you.

 

Don’t Wait to Purchase Your Solar PV System in Utah

With all the benefits you can expect to gain from installing a solar panel system, there’s never been a better time to make the switch.

With rebates and tax credits to take advantage of, you can significantly reduce the cost of your system. Solar systems can help you save money on your utility bills.

Over the lifetime of the machine you may even turn a handsome profit. 

 

Utah Homeowner Solar Power Incentives, Rebates and Tax Breaks

Lower Your Utility Costs

Utah offers great solar tax breaks, incentives and rebates Installing a PV system can be an effective way to help reduce your utility costs, and many homeowners in Utah already realised that.

On average, Utah homeowners already pay up to $0.11/kWh for their electricity.

While this is lower than the national average, every homeowner knows that these costs add up and they won’t stay low forever thanks to the fact that this electricity is drawn from non-renewable sources.

During the summer months, your utility bills may skyrocket as you may have personally experienced.

By relying on solar energy you can both help reduce the usage of non-renewable sources and ultimately save a significant amount of money on your monthly utility bills.

Solar Rebates

Solar rebates are available through Utah’s utility companies.

If you draw your electricity from Rocky Mountain Power, you can expect rebates of up to $1,250/kW with a cap of $5,000 and a maximum system size of 25kW (which is actually much larger than the average system, which is usually about 5kW).

Washington City Power customers can expect rebates of about $1,000/kW with a cap of $3,000 and a maximum system size of 10kW.

Tax Credits

Utah is one of many states currently offering a personal tax credit on solar panel systems.

This tax credit covers 25% of the systems’ cost and allows you to still save on your solar panel system purchase without having to worry about whether or not solar rebates are available for you.

And as of right now, you can still benefit from the 30% Federal solar tax credit which is available to systems installed before or in 2022.

Property Tax Exemptions

Unfortunately, Utah does not offer a property tax exemption which is unfortunate when you consider the fact that solar panel systems generally add up to $20,000 to your home’s property value.

Tax Exemptions

Don’t expect much in the way of a sales tax exemption.

If you live in Salt Lake City, you can be eligible for a sales tax exemption if you install a panel system of 2MW or greater, which is much, much larger than the average solar panel system (that would be the equivalent of 2000kW) and as such, not entirely feasible for the average homeowner looking to install a solar panel system.

 

Utah Financing Options and Getting Solar for Zero Down

Solar Panel Installation companies in Utah will help you go solar with zero down Want to obtain a solar panel system but you feel that it’s out of the way for you? Luckily, there are ways of obtaining a solar panel system for zero money down simply by leasing a solar panel system.

Depending on your unique situation this could be a fantastic option for you so keep that in mind if you would like to take advantage of everything that solar energy has to offer for you.

 

Is It Worth Investing in Residential Solar Energy in Utah?

In most cases, investing in residential solar energy is an incredible investment.

One can expect a number of financial benefits from installing a solar panel system, including being able to save on your electricity bills and potentially turn a profit from your systems’ energy production.

Consider your own unique situation and talk to a qualified solar installer to see if it’s right for you.

 

How it Works

Leasing a system offers a lot of benefits in many regards. By leasing a system, you can obtain a solar panel system for zero money down, which is favorable for many people who can’t necessarily afford to make the initial hefty investment.

When you lease a solar panel system you’ll be responsible for making monthly lease payments as well as whatever you may be paying on your utility bill.

Depending on the terms of your lease, which can last up to 20 years, you will also have the option of purchasing the system once the lease expires.

 

Incentives

Consider the solar rebate programs available from your local utility company as well as tax credits when purchasing a system.

These incentives can help bring down the cost of your solar panel system, which can make it easier to obtain it.

Be sure to do your homework to see what’s available in your local area.

 

Can I Lease the System in Utah? Or Should I Buy it Instead?

Whether you lease or buy a solar panel system depends on you.

By buying a solar panel system, you’ll be able to not only own the system for yourself but you will also be able to personally benefit from rebates, tax credits, and so on.

By leasing the system, you can obtain a solar panel system for zero money down. This makes leasing a solar panel system a handy way to afford what might otherwise be unobtainable for many families.

However, keep in mind that since you will not technically own the system until the terms of the lease expire, you will not be able to personally benefit from rebates and tax credits over the course of the lease agreement.

Whatever works for you depends on your unique situation and your own personal energy needs so talk to a qualified solar panel installation team today to find out what you could stand to gain.

 

What About Utah Net Metering?

Benefit from Utah Net Metering Utah does have a net metering program. Net metering requires that you tie your solar panel system to the utility grid in order to both measure its output and later sell whatever you don’t use back to the utility companies.

Under Utah law, the utility companies are required to offer some form of net metering.

Depending on your utility company, the terms of their net metering program may vary, which should be kept in mind.

If you’re a customer of Rocky Mountain Power, the biggest utility company in the state, you will be credited for any surplus energy your system produces, which can be redeemed for credits on next month’s utility bill.

In other electrical cooperatives, you can expect to receive credits at the wholesale rate.

By taking advantage of net metering, you can drastically decrease your utility bills.

Unfortunately, there is no solar power performance payment program in the state of Utah, which is unfortunate, but with just net metering alone you can decrease your utility bills and your system will begin paying for itself in no time.

 

Conclusion

As a homeowner in Utah, solar energy can be a fantastic way to help reduce your utility costs and do your part in preserving the environment.

Solar energy is abundant and by utilizing solar energy, Utah has the potential to become a leader in the solar industry.

Utah’s amazing RPS plan, which calls for 20% of their energy to come from renewable sources by 2025, puts Utah on the map when it comes to finding effective means of producing renewable energy.

Between rebate programs and tax credits, residents can even help par down on the often-hefty costs of initially installing the system.

To save even more, residents may even want to consider leasing a system for zero money down.

Within 11 years, a solar panel system has the potential to pay for itself and can produce a profit of about $25,000 over the lifetime of the system, which translates to fantastic savings on your part.

Net metering is how you can par down already hefty utility costs.

While Utah has a lot of room for improvement, solar energy offers you a lot of personal benefits as both a homeowner and a citizen. By installing a solar panel system, you can help keep Utah green.

Our approch? Talk to trusted installers in Utah. You can find out in seconds how much you can save, and the exact cost of the system for your unique home. It's 100% free, with no strings attached. Try it today.

Get FREE quotes from Utah solar panel installers See Your Savings

 

Switch to solar and save
big on your utility bill


Get FREE quotes for your solar system
installation from qualified solar installer

Get Solar Quote

Solar Power Video

Twitter Feed