Free Solar Enegery Panels For Utah Residents

The first is a utah solar tax credit offered by the state which is 25 percent of the total cost of the system after installation up to 2 000.

Free solar enegery panels for utah residents.

That s in addition to the 30 percent federal tax credit for solar not a bad deal for a system that can save you thousands each year on your energy costs. Get your power from a 20 megawatt solar plant in millard county utah subscribe in blocks of 200 kilowatt hours kwh to offset your usage on your bill or choose full coverage where all of your kwh is billed on the subscriber solar rate. All utah residents who invest in solar panels are eligible for two personal tax credits. Lawmakers in salt lake city have also passed a sales tax exemption for utah solar panels.

Utah solar power overview. You can claim 25 percent of your total equipment and installation costs up to 1 600. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. On top of that utahns are also able to take advantage of the 30 percent federal solar tax credit.

Intermountain wind solar is the name you can trust when it comes to solar power in salt lake city and the entire state of utah. Renewable energy systems tax credit. Not surprisingly utah also boasts some of the lowest average residential electricity prices at around 0 11 per kwh low prices can prove challenging for solar companies hoping to. If you install a solar panel system on your home in utah the state government will give you a credit on your next year s income taxes to reduce your solar costs.

A combination of high sun exposure the federal tax credit net metering and a state tax credit creates the potential for a terrific return on investment for homeowners who install solar panels in the beehive state. Cost breakdown of electricity in utah. The state of utah is a great place to make the switch to solar. Sadly however to qualify for the exemption you have to purchase a system with a capacity of 2 mw or greater that s 2000 kw yikes.

In 2017 coal produced 70 percent of utah s net electricity generation according to the u s. This rules out residential solar panel systems. We ve installed thousands of solar panels across the state helping many home and business owners generate free energy to power their structures and bring major cost savings.