Solar Tax Credit
Click on the link above to be directed to the Solar PV tax credit application website. The Solar PV tax credit application is only available online.
Click on the above link for questions related to types of solar tax credits (residential vs commercial), applications and deadlines, and net metering.
What is the Renewable Energy Systems Tax Credit?
The Renewable Energy Systems Tax Credit is divided into two types of incentives. The Investment Tax Credit (ITC) and the Production Tax Credit (PTC).
The Investment Tax Credit (ITC) has two sides: Residential and Commerical. Eligible technologies include solar photovoltaic, solar thermal, wind, geothermal, hydro, and biomass.
- The Residential Tax Credit is non-refundable and is calculated as 25% of the eligible system cost or $2,000, whichever is less.
- The Commercial Tax Credit is calculated as 10% of the eligible system cost or $50,000, whichever is less. The Commercial Tax Credit is refundable, but can only be claimed by business, corporation, or LLC entities.
The Production Tax Credit (PTC) incentive is available for large scale projects that are 660 kilowatts or greater (solar photovoltaic systems 660 KW to 2 MW may choose between the ITC & PTC). The PTC is calculated as $.0035 (.35¢) per kilowatt hour of produced electricity during the project’s first 48 months. For the purposes of the credit, the “renewable energy” category includes solar photovoltaic, wind, geothermal and biomass. Please contact Richard Bell if you intend to pursue and apply for a Production Tax Credit.
For further information regarding the Utah Renewable Energy Systems Tax Credit, please click on the links below:
Daniel T. Royal
Dr. Peter Ashcroft