Solar incentives for Utah homeowners changing soon
by Auric Energy
Updated May 2019
First, A Few Reasons to Make the Switch:
You’ve likely thought about switching to solar energy with a local Utah solar power company, but were never sure whether the technology, rebates, and financing would all come together. High-efficiency solar panels are now available from tried and trusted manufacturers, and changes in incentives have made solar power more accessible and affordable than ever. But those incentives won’t last forever.
Solar energy is quiet, clean, reliable, and renewable with no moving parts - which means zero maintenance and no lifestyle changes. Free energy is hitting your roof every day, and you can capture it. If you aren’t convinced yet that solar is the energy source for today, here’s a few more reasons why going solar is the best decision you can make:
Lock in your power bill (no more rising energy costs)
Pay for solar with money you were already paying the power company
Enjoy tax incentives at both the state and federal levels
Reduce your carbon footprint and clean up the inversion
Zero maintenance required
Increase the overall value of your home
Expert installation will not void your roof warranty
Benefit from an industry-leading 25-year craftsmanship warranty
25-year manufacturer warranties on all components
Ready to find out your Solar potential?
Utah is Ideal for Solar Power — Top 7 Solar States in the U.S.
The sun produces enough energy in 15 minutes to supply the world with electricity for a year using today’s solar panel technology. That means that you have the ability to stop renting and own your own solar power at your Utah residence.
In fact, Utah is one of the most prime locations for solar power! The state’s average solar daylight hours, when the amount of clouds and snow is taken into account, are well above the required level for solar access. That means that there is a significant amount of solar radiation available for use.
Overall, Utah has a great balance of sunlight for production, moisture to clean the panels, and temperatures to maintain optimum production. Unlike some southwestern states where rooftop temperatures can top 90 degrees or more year-round, Utah solar panels get a nice ski vacation.
So, what’s changing for Utah homeowners?
Incentives are great right now, but won’t last forever.
30% Federal Tax Credit: Utah homeowners who install solar in 2019 will qualify for the full 30% credit. That’s around $6,000-7000 for the average homeowner. But if solar is installed in 2020, that credit is only 26% - reduced by a thousand dollars or more.
Utah State Tax Credit: Utah homeowners who install solar in 2019 will qualify for a $1600 credit, and it will carry over to 2020. But if the solar is installed in 2021, the credit is reduced to $1200.
Net Metering Programs: Utah homeowners who install solar in an area supported by Rocky Mountain Power (Pacificorp) will qualify for the current net metering program, which guarantees rates locked in until 2035 - more than 15 years of guaranteed savings. However, if the current net metering program meets its cap before the solar is installed, customers may not have that same guarantee. RMP estimates that the current program could be filled in under 2 years.
Additional Incentives: There may be additional incentives available that a solar energy expert will explore case-by-case. Small businesses and agriculture are especially likely to have additional advantages.
Use the Most Advanced Technology to Maximize Your Return on Investment
At Auric Energy, we use only the latest technology in our solar power systems which provide:
Easy expandability with no excess cost to the home or business owner
Personal monitoring access via smart phone applications and online access, providing health & performance analytics of your solar panel system
Lifetime monitoring of your solar system and components with automatic alerts to you
Industry leading 25-year manufacturer warranties
Safety and aesthetics
Increased performance due to a low efficiency loss during inversion
Easier, faster, and cleaner solar system installation which means lower cost to the home or business owner