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Advancing Utah's Energy Future

A fundamental aim of both the State’s energy policy and the Governor’s 10-Year Strategic Energy Plan is to let the market drive energy resource development and shape our electric generation resource portfolio.   Nevertheless, both documents also note that tax incentives and public-private partnerships should have a targeted role in advancing energy development in Utah.

"Incentives should be used strategically in coordination with Utah's energy plan, and where they have the most beneficial impact" 10-Year Strategic Energy Plan

Tax Credits & Funding

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Solar Tax Credit

The solar tax credit can be applied to both residential and commercial installations utilizing solar photovoltaic technologies. The tax credit is divided into two types of incentives - The Investment Tax Credit (ITC) and the Production Tax Credit (PTC).

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Other Tax Credits

OED offers an array of tax credits within the renewable and alternative energy sectors utilizing solar photovoltaic, solar thermal, wind, geothermal, hydro, biomass, and other technologies. In addition, the High Cost Infrastructure Tax Credit (HCITC) supports investments in energy delivery systems, water delivery systems, road improvement and railroads.

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Financing & Loans

The Office of Energy Developments offers financing and loan options for energy efficiency, renewable energy, water conservation projects for commercial and public buildings through Commercial Property Assessed Clean Energy (C-PACE) and U-SAVE Energy Efficiency Fund.

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Scholarships & Grants

The Office of Energy Developments recognizes the vital role that scientific inquiry and technological innovation in driving our , and supporting the development of a skilled labor force. As such, the office offers various scholarships and research grants, namely the Energy Workforce Scholarship Program for 11th and 12th grade students, as well as the Energy Research Triangle grants to be utilized by research students and professors.

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