16 Best Solar Companies in Salt Lake City, UT (Dec 2022 Review)

The Cost and Benefits of Solar in Salt Lake City

When picking a solar company, most homeowners or business owners care about the costs above all. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electricity bills than a roof that gets plenty of sunlight.
• How much electricity your household consumes: Households that consume lots of power each month may require more solar panels and, consequently, be more costly, but will also benefit more over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.
• Your income and budget: This shapes what kind of solar panels you can afford.

There are several good benefits of solar even with the upfront cost of installation. It can help the environment and your finances. In addition, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Salt Lake City

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. For more information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Salt Lake City

There are a few primary reasons why homeowners are interested in solar energy: for the financial and environmental benefits. You may be asking yourself — how much does making the switch do for the environment anyway? Regardless of your location, you can help the planet by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. When you go solar, your carbon emissions can be lowered by about 60 pounds every year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.