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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: Begins to step down on December 31, 2019, and continues to step down annually until it's expiration on December 31, 2022
Details: Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify. Learn more at DSIRE >

Utah State Renewable Energy Systems Tax Credit

Tax Credit: 25% of equipment and installation cost up to a maximum of $2,000
Expires: Not scheduled
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 from the UT Office of Energy Development>

Consult with a tax attorney regarding your eligibility for the aforementioned incentives.  Summit Community Solar makes no guarantees about the availability of incentives or participant ability to take advantage of the incentives.

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. 

     
Admirals Bank    Admiral's Bank
     

Goldenwest

 

Goldenwest Credit Union

   


Key Bank  

Key Bank Solar Financing

   

 

LRB Financial  

LRB Financial

     

This information is presented as a community service. Utah Clean Energy, Summit Community Power Works, and other program partners do not endorse specific financiers or financial products.