Buyer's Guide 2024
Renewable Energy Systems Tax Credit (Personal)
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Personal Tax Credit
- Implementing Sector
- State
- State
- Utah
- Eligible Storage Technologies
- Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Landfill Gas, Solar Pool Heating, Wind (Small), Geothermal Direct-Use
- Incentive Amount
- Residential: 25%
Commercial wind, geothermal electric, and biomass systems 660 kW or greater 0.35¢/kWh ($0.0035/kWh) for 4 years
Other commercial technologies and commercial wind, geothermal electric, and biomass systems smaller than 660 kW: 10% of installed cost
Solar photovoltaic systems 2 MW or greater: 0.35¢/kWh ($0.0035/kWh) for 4 years
Solar photovoltaic systems smaller than 660 kW: 10% of installed cost Solar photovoltaic systems between 660 kW and 2 MW: May choose either 0.35¢/kWh ($0.0035/kWh) for 4 years or 10% of installed cost - Maximum Incentive
- Residential: $2,000 (phases down for PV systems beginning in 2018)
Commercial Production Tax Credit: No limit
Commercial Investment Tax Credit: $50,000 - Eligible System Size
- Not specified
- Equipment Requirements
- System must be in compliance with all applicable performance and safety standards; must obtain certification from the State Energy Program; individuals who wish to design their own system may be exempt from certain system requirements.
- Carryover Provisions
- Residential: Excess credit may be carried forward for the next four years
Commercial: May not be carried forward or back - Administrator
- State Energy Program, State Tax Commission
- Applicable Sectors
- Commercial, Residential, Multifamily Residential
- Budget
- Last Updated
- 09/30/2021
- Funding Source
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