With 300,000 homes powered by the sun and ranking in the top 10 solar states, Utah is way ahead in the game when it comes to solar.1 So how does it do it? That’s likely in part due to generous Utah solar energy incentives like the state’s Renewable Energy System Tax Credit and net metering. Top that off with serious savings on your electricity bill, and owning a solar system in Utah is sure to be one of the smartest investments you can make for your home.
|Solar Savings Types||Value of Savings|
|Renewable Energy Systems Tax Credit||25% of system cost (caps at $1,600)2|
|Federal Solar Tax Credit||
26% of the final cost of the solar system4
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Utah wants more households harnessing the power of the sun. Thanks to the Renewable Energy Systems Tax Credit,2 Utah is helping its residents turn solar power into a reality. In 2019, the cap is $400 until the tax credit expires on December 31, 2021.
While Utah solar panel rebates aren’t offered at this time, the tax credit is a welcome addition to solar savings.
On top of Utah’s state tax credits and net metering, solar system owners are also eligible for the federal solar tax credit4 if you buy your own solar system outright. The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.5
Want to know how to go solar in Utah? We’re here to help. Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle.
Whichever one you choose, we’ll help you take advantage of the Utah solar incentives that are available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.