Solar power in Provo, Utah
Provo Power solar customers are provided with net metering at the retail power price.
Utah does offer a state tax credit of 25% of costs up until $2,000.
After you claim the state tax deduction, part of the remaining costs may also be claimed as a reduction to federal taxes, over however many years you please. The tax credit is worth 26% in 2020, before reducing to 22% in 2021. The federal solar tax credit also has no size limitation, it'll cover any system size.
Provo residents would be happy to know that they are eligible for some amazing solar incentives. Besides the 30% federal solar tax credit Utah offers a state tax credit of up to $2,000 or 25% of the system price.
Utah also has a net metering law meaning that you can excess your solar power geneation to the grid.
With incentives this good don't wait another minute!
Net Metering Broken Down
Under Utah's net metering program, also has a net metering law meaning that Rocky Mountain Power and most Coops must record and credit the customer for excess solar generation which is excellent since solar produces the most during the day when people are out of the house. The rate at which you are credited varies from utility but the largest by far Rocky Mountain Power must give 1 for 1 net metering with their retail power price.
For every kWh sent to the grid a kWh drawn at a later time is not charged to the customer. Usually your solar system will export more energy than the home consumes over a month and you'll receive 6.7 cents per kWh. Credit can only be used to offset future bills within that yearly cycle; any unused credit at the end of a billing cycle will expire without compensation.
The average cost of installing residential solar panels in Provo,
Utah in 2024 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Provo, UT
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Utah is only 793kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Provo solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Utah solar savings calculator can do this because it contains a database of the electric rates charged by City of Springville, Lehi City Corporation, PacifiCorp, Payson City Corporation, Provo City Corporation, Salem City Corporation, Spanish Fork City Corporation, Strawberry Electric Serv Dist
How much can solar panels save you in Provo
What does the cost of a real solar system look like?
Facts about installing a 11.86kW solar system in Provo, UT
This system would offset 100% of your energy usage if your typical monthly bill is $185, however your situation may vary so try our Provo solar calculator to get a result tailored to you.
$19,879
Net cost of system
7 Years 8 Months
Average payback time
17,076 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
23¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.86kW system
Life-time savings on this system over the next 25 years
$70,047
(Prices shown after repayments of capital)
66
Solar companies in Provo, UT that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Provo
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,371 | $6,881 |
| 4kw | $8,288 | $8,951 |
| 5kw | $10,101 | $10,909 |
| 6kw | $11,855 | $12,803 |
| 7kw | $13,468 | $14,545 |
| 8kw | $14,978 | $16,176 |
| 9kw | $16,450 | $17,766 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need for your home
Going solar in Utah
Check out all of the ways energy providers of Utah can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
| Net Billing | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
