Want to lead Utah's transition to solar energy?
The great state of Utah is home to 5 national parks, the renowned Sundance Film Festival, some of the world's best powder, and the largest saltwater lake in the Western hemisphere. It's also one of the sunniest states in the country, which is why residents are beginning to adopt solar en masse.
Sunny skies are not the only reason Utahns are going solar - reducing one's carbon footprint and one's dependence on traditional sources of utility power, like coal and natural gas, is another great reason to join the rooftop revolution. In addition, the opportunity to save money through solar ownership should be the icing on your jello! Homeowners are eligible for a 26% Federal Investment Tax Credit (ITC) when they choose to go solar. This means that you can realize substantial savings through solar ownership by deducting 26% of your system's price from what you owe Uncle Sam. Utah also offers a state tax incentive up to $2,000 on your state tax liability. As if these tax credits aren't incentive enough, utility companies in the state offer Net Metering programs to compensate you for any excess energy produced by your solar system.
In the home of the Utah Jazz, Dividend’s solar loans helps make solar ownership a slam dunk!
Home Solar in Utah Is More Affordable than Ever Before
- Federal Tax credit may be available
- State Tax Credit up to $2,000
- Sell Your Extra Production with Net Metering
What Our Utah Solar Customers Are Saying
From my previous background in lending I have dealt with hundreds of lenders and I was frankly shocked at the smooth, customer friendly process Dividend Solar offered. Hands down one of the best experiences I have had dealing with a lending institution. Highly recommended, thanks again for all of your help.Tyrell | Spanish Fork, UT
So far so good. Enrollment was easy, and the customer service team was very friendly and pleasant to work with. They seem very willing to make sure I'm satisfied. I would recommend Dividend Solar if my friends were looking into getting solar.Rustin | Layton, UT
How Going Solar in Utah Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
Utah is one of the top states to go solar and maximize your savings. Aside from saving money on your electric bill, there are three other key incentives that help going solar in Utah make sense: 1) the 26% federal tax credit, 2) the State Tax Credit up to $2,00 and 3) net metering.
First, the federal government offers a 26% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal tax credit* – which can cover up to 26% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With a Dividend Finance solar loan, you own your system and you get all of the economic benefits of going solar in Utah.
Secondly, Utah's state tax credit covers up to $2,000 of the system cost and can be used as a credit on your state tax payments.
Finally, like many other states, Utah utilities have Net Metering policies which allow homeowners to be credited for extra energy fed back to the power grid. If designed optimally, a homeowner can expect to offset 100% of their current electricity use while also having some left over to sell back to the grid.
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.