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Incentives & Financing

Residential Solar Incentives

U.S. Federal Tax Credit:

Tax Credit: 30% of equipment and installation cost with no upper limit

Expires: Declines to 26% on 1/1/2020; Declines to 22% on 1/1/2021; Expires 1/1/2022

Details: Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify. Learn more >

Utah State Renewable Energy Systems Tax Credit:

Tax Credit: 25% of equipment and installation cost up to a maximum of $2,000

Expires: No set expiration.

Details: Available for any house, condominium, apartment, or similar dwelling for a person or persons, but it does not include any vehicles such as motor homes, recreational vehicles, or house boats. Learn more >

Solar Financing

Solar energy generation systems are a fantastic investment, but the upfront cost they require can be a hurdle. Solar financing can help lower your upfront cost and make rooftop solar even more affordable. Don't forget to check with your bank or credit union to see what residential solar financing options they may have available.

The following are several companies and organizations that offer solar-specific and renewable energy loans:

Your Bank or Credit Union

Your bank or credit union may offer financing options for renewable energy or for home improvement projects. 

LRB Financial

LRB Financial offers several solar financing programs.

 

Admirals Bank

Admiral's Bank offers renewable energy lending options.

U Community Solar is presenting this information as a community service. Utah Clean Energy, the University of Utah, and other program partners do not endorse specific financiers or financial products.