Rocky Mountain Power Utah Solar Incentive Program

By January 4, 2015Blog Posts

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Rocky Mountain Power Utah Solar Incentive Program
rocky-mountain-power-utah-solar-incentive-program-utah-solar-installationAs a premier solar installation contractor in Utah, we would like to help as many people take the step and go solar. Once a year, Rocky Mountain Power opens registration for the Utah Solar Incentive Program (USIP). The Utah Solar Incentive Program is a lottery based program, with incentives for both residential and commercial applications. Rocky Mountain Power will begin accepting applications for the Utah Solar Incentive Program on January 15, 2015 at 9 a.m. and will be open until January 28, 2015 at 5 p.m. MST. Participants will be notified of the results no later than February 8, 2015. For the first time ever, residents of Eagle Mountain City are eligible to apply for the Utah Solar Incentive Program during the January enrollment period.

Financial Breakdown
For the 2015 year, customers who are selected in the lottery will qualify for the following:

Residential Installation Incentive = $1.15 / watt AC, maximum incentive of $4,600
Small Commercial Installation Incentive = $.90 / watt AC, maximum incentive of $22,500

Using the Rocky Mountain Power Utah Solar Incentive Program, in addition to state and federal tax credits, a potential residential solar investment could break down as the following:

(20) SolarWorld 275 watt black solar panels package system= 5,500 watts DC
Gross System Cost: $22,000
Federal Tax Credit:   -$6,600
State Tax Credit:       -$2,000
RMP Incentive:         -$4,600
Net Investment:         $8,800

With solar production savings factored in a return on investment of 7-8 years can be anticipated.

Signing up is free and easy! To sign up for the Rocky Mountain Power Utah Solar incentive, fill out the fields below using your current power bill or contact Chris Collard at 801-382-8992 or chris@redstonesolargroup.com.

 

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