Renewable Incentives

Renewable Incentives

The following table provides a quick summary of the various types of incentives available to the residential sector and the commercial/non-residential sector. Please be sure to consult with an expert and review all the guidelines and rules carefully.

 

Sector 

Incentive Type

 Utility
State
Federal
Grants/Other

Residential

Varies by utility (see below)

 Income Tax Credit:25% up to $2000

 Income Tax Credit: 30% with no cap  

 None

Commercial & Non-Residential

Varies by utility (see below)

Corporate Tax Credit: 10% up to $50,000

Investment Tax Credit: 30% with no cap 

Blue Sky Grant

Salt Lake City Revolving Loan Fund

Sales Tax Exemption (for projects >2 MW or expansions of >1 MW)

Modified Accelerated Cost Recovery System   

USDA REAP Grants

 USDA Loan Guarantee

 Utility-Scale & Manufacturing 

 None

 Utah Alternative Energy Development Incentive (for > 2 MW)

Qualifying Advanced Energy Manufacturing Investment Tax Credit

None

Utah Alternative Energy Manufacturing Tax Credit

 Other Renewable Energy and Energy Efficiency Incentives:

Residential Incentives:

  • Tax Credits: The state of Utah offers a 25% tax credit on solar systems, up to $2,000. In addition, the Federal Government offers a 30% tax credit with no cap (expires 12/2016).

Commercial Incentives:

  • Tax credits: Utah offers commercial entities that install solar an Investment Tax Credit that is worth 10% of the cost of system, up to $50,000. In addition, there are several federal incentives for businesses that invest in solar. A comprehensive summary of the 30% Federal Investment Tax Credit is available here.

Another Commercial Incentive comes in the form of Commercial Property Assessed Clean Energy (C-PACE) that allows commercial properties to install Energy Efficiency and Renewable Energy up grades with little or no upfront cost. Click here to learn more.

(from the Database of State Incentives for Renewables & Efficiency)