Unless you have been living under a rock for the past several years, solar has exploded in the state of Utah.
So why are so many of your neighbors in our wonderful state going solar? There are many reasons a homeowner like yourself will want to go solar.
Here is a list of reasons to go solar:
1. Looking to save money.
Many Utah homeowners are looking to save money on their energy bills. Before the option of solar, we were stuck with one utility company and the monopolization of the energy market. You were stuck paying Rocky Mountian Power.
Now you have the ability to go solar and to reduce your energy bill dramatically.
2. Fixed Costs
If you look at the next 10 to 20 years, experts are saying that energy costs will rise dramatically year over year. If you took that year-over-year increase, most homeowners will pay thousands of dollars to Rocky Mountain Power.
Just in the last five years, Utah homeowners have paid 40 % more for their energy consumption.
3. Environmental Impact
Many homeowners go solar because of the environmental impact that using outdated fossil fuels through the power company has on our environment.
Choosing to go solar is the equivalent of driving 440,000 miles less over the course of 25 years.
Another interesting fact is by going solar you can eliminate 3,718 pounds of coal each year.
4. Tax Advantages
Many homeowners are looking to go solar to reduce their tax liability by taking advantage of the Federal ITC and the Utah Solar Incentive. The Federal Tax credits are currently at 26% of the total solar project until the end of 2023.
5. Flexible Financing Options
In years past, you had to pay for the solar project upfront. Today is a completely different story. There are many solar financing options available that will allow you to get solar with zero upfront costs.