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The federal tax credit for solar energy, officially known as the Residential Clean Energy Credit, is an excellent incentive for homeowners in the United States to invest in renewable energy. In addition to helping reduce the cost of solar installations, this credit can also be used to offset outstanding tax liabilities, including back taxes. Here’s […]
How does having solar panels on your home affect the value? In 2024, solar panels can increase a home’s value by 6.8% on average, or about $25,000. However, the amount that solar panels increase a home’s value can vary widely depending on several factors, including: Location: The region, state, and city you live in can impact how much […]
Thinking of doing your own solar installation? Here are the steps that you need and the permissions required. To install your own solar system in Utah, you will need to obtain an electrical permit, potentially a building permit depending on your local regulations, and secure interconnection approval from your utility company, which will require submitting detailed […]
This webpage was updated April 2024. View this webpage in Spanish. Vea esta página web en Español. Disclaimer: This guide provides an overview of the federal investment tax credit for residential solar photovoltaics (PV). (See the Federal Solar Tax Credits for Businesses for information for businesses). It does not constitute professional tax advice or other professional financial guidance and may […]
As if you weren’t already feeling the pinch of inflation, Rocky Mountain Power’s proposed rate increase is just salt in the wound. Rocky Mountain Power recently proposed a 30% rate increase on electricity, which has now been reduced to 18.1%. This lower number sounds a little more palatable compared to the original request; however, what […]
SALT LAKE CITY — Rocky Mountain Power has scaled back its rate hike request. But Utah’s House Speaker said Friday it’s not low enough. The utility company recently amended a filing with the utilities commission to propose the new hike. RMP originally requested a 30% increase but has lowered it to 18% for residential users. When commercial users […]
August 4, 2022 Salt Lake City is excited to launch a new program, Solar Salt Lake, that will make it easier for residents to install rooftop solar on their homes through discounted bulk purchase pricing and free education from a community-selected solar installer. Starting Thursday, residents can sign up to learn more about the program […]
