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Financial Incentives
 
  For a thorough list of renewable energy and energy efficiency incentives, please visit the Database of State Incentives for Renewables & Efficiency (DSIRE) website.

The most common incentives available for residential and commercial systems in Utah are:

 

Rocky Mountain Power Solar Incentive Program

Official Information:
Information and application forms can be found at Rocky Mountain Power Rebate Program
Amount Available & Project Caps:
$2/Watt cash rebate incentive based on system AC Watts output calculated as shown in the example below. Funding starts at the beginning of each calendar year.

Residential – 3kW ac or $6,000
Commercial – 15 kW ac or $30,000
General Application Process:
  1. Determine the size and location of the system
  2. Work with an S202 Contractor to fill out and send in the application
  3. Apply for the Rebate
  4. RMP Pre-Construction Site Inspection
  5. Receive RMP Approval to Proceed
  6. Secure a City Building Permit
  7. Install the System
  8. City Inspection
  9. RMP Post-Construction Site Inspection
  10. Sign Net Metering Agreement
  11. Bi-directional meter installation
  12. Receive Rebate Check "usually within 60 days"
Rebate Calculation Example:
Assume the system has 10 modules.
The List of Eligible PV Modules by the Consumer Energy Center (CEC) shows a rating for the example module of 168.8 Watts.
The List of Eligible Inverters by the CEC shows a efficiency of the example inverter to be 95%.

The example calculation is:
10 modules x 168.8 Watts (CEC) x 0.95 (CEC inverter efficiency) = 1,603.6 Watts AC production
1,603.6 Watts AC x $2 / Watt = $3,207.20 rebate amount.

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Utah State Tax Credit

Official Information:
Information and application forms can be found at the State Energy Program: Renewable Energy Incentives website.
Amount Available & Project Caps:
Residential - 25% of equipment and install cost up to a maximum of $2,000
Commercial - 10% investment tax credit up to a maximum of $50,000
General Application Process:
  1. Determine the size and location of the system
  2. Work with an S202 Contractor to design and install the system
  3. Secure a City Building Permit
  4. Install the System
  5. City Inspection
  6. Complete the application paperwork and send in as directed

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Federal Tax Credit

Official Information:
Information and application forms can be found at www.irs.gov
and at Federal Renewables and Efficiency Incentives
Amount Available & Project Caps:
Residential Solar and Fuel Cell Tax Credit - 30% of equipment and install cost up to a maximum of $2,000
Business Energy Tax Credit - 30% investment tax credit with no maximum cap
General Application Process:
  1. Determine the size and location of the system
  2. Work with an S202 Contractor to design and install the system
  3. Secure a City Building Permit
  4. Install the System
  5. City Inspection
  6. Consult your tax professional for help with the appropriate forms
  • Residential Solar and Fuel Cell Tax Credit - see IRS Form 5695 & Instructions
  • Business Energy Tax Credit - see IRS Form 3458 & Instructions

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USDA Renewable Energy Systems Program

For rural areas.
Grants up to 25% of eligible project costs up to $500,000
Guaranteed loans up to 50% of eligible project costs up to $10 million

Please click here USDA Farm Bill Initiative: Renewable Energy and Energy Efficiency Program for more information.

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