Utah Solar Tax Credit In Danger…

On September 21st a bill is going before the Interim Revenue and Taxation Committee that aims at eliminating the $2,000 Utah renewable energy tax credit.

This tax credit has been crucial in most Utahns decision to go solar.  In fact, according to recent poll by the Utah Solar Energy Association just over 80% of residential owners say the incentive was a major deciding point toward installing their system.

Folks, the solar industry has come a long way over the past few years in Utah thanks to Federal and State tax incentives.  According to the Solar Energy Industries Association (SEIA) installed solar electric capacity reached 231 MW in 2015 and grew by 1,538% over the past year.  $389 million was invested in solar installations last year, which is a 1,168% increase over 2014.

Most importantly,there are currently more than 80 solar related companies at work in Utah, employing nearly 3,000 people.

Without question, the Utah solar industry is putting people to work, generating economic activity, and cleaning up the environment.  It’s a win-win situation if I ever saw one!

Unfortunately, there still people out there who want to rain on solar’s parade…

One of them is Rep. Jeremy Peterson from Ogden who wants to reduce the solar tax credit in 2017, and eliminate it entirely within the next few years.

In my opinion, this is precisely the wrong time to start reducing the renewable energy incentives.

You see, even though the solar industry is seeing fantastic growth here in Utah, the total amount of electricity it supplies (a meager 4.3%in 2014!) is still very small relative to coal.

Fact is, we need much, much more solar and other renewable energy technology to help clean up Utah’s dirty air.  And the best way to do achieve this is to keep incentivizing people to install solar!

Now’s the time to contact your local representative and tell them how you feel about clean air and renewable energy here in Utah.  Tell your elected official to keep the $2,000 state tax incentive, which will help keep the ball rolling for Utah solar!

To a clean energy future,

Justin

 

 

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