Utah is a great place to install solar panels. Not only is the cost of electricity high in Utah, but the amount of sunshine Utah receives each year is one of the highest in the country. Solar panels installed in Utah can provide homeowners and businesses with significant cost savings on their energy bills.
Reduce Carbon Footprints
Solar panels also offer a number of other benefits. For example, solar panels can help reduce a building’s carbon footprint, and they can also increase the value of a home or business. In addition, businesses that install solar panels may be eligible for significant tax benefits.
Utah is one of the most solar-friendly states in the country. The state offers a variety of financial incentives for solar panels. Solar panel owners in Utah may be able to get a tax credit equal to 30% of the cost of their solar installation, up to $5,000. The average homeowner who has installed solar panels in Utah can expect to earn back the cost of their investment within 5-7 years, depending on how much electricity they use and how much sunlight their area receives.
Solar panel owners in Utah may also be eligible for a $1,000 grant from the state if they install an approved energy-efficient air conditioner. Solar pool heating systems are also eligible for tax credits of up to 50% of the installation cost.
Exempt from Property Tax
Utah offers solar power generators many legal benefits as well. Solar panels are exempt from property taxes in Utah, providing homeowners with an annual savings of about $5,000. Solar panel owners may also be able to transfer the electricity they produce to the electric company without having to pay taxes on it.
Sunshine Coverage in Utah
Solar panels are an excellent choice for homes or businesses in Utah because of the state’s abundant sunshine. The average amount of daily sunlight in Utah is more than six hours, meaning solar panels will produce significant amounts of energy even during the winter months.
How to Get Solar Panels in Utah
Solar panel installation is relatively straightforward in Utah. First, homeowners or business owners should determine whether or not their property has enough sun for solar panels. Once they have decided to move forward with solar panel installation, the owner should hire a contractor to come out and give them an estimate on how much it will cost, based on square footage of their home or business.
After the contractor has given their estimate, the owner can apply for a tax credit through the state of Utah. The state will provide a rebate check for 30% of the cost of the solar installation, up to $5,000. Finally, the owner should contact their utility company to find out if they are eligible to sell their excess energy to the electric company. Many utility companies will purchase solar power directly from homeowners at a fixed rate, typically for 25 years.
As solar panels become more popular among homeowners and businesses, solar companies are beginning to enter the market. Solar Energy World is a high-quality solar installation and service company with experience and expertise in all phases of solar panel design, installation and maintenance.