![]() The batteries enable you to use more of your own power, and export less to RMP. If you already own a solar system that produces more than 60% of your total power consumption, you may wish to install home batteries. This way you will use almost all of the power your system produces and export as little power as possible to the grid. You should also plan to size your solar system to produce no more than 60% of your total usage. Because of this, it’s a good idea to shift as much of your electricity usage to daylight hours, when your solar system is producing power. The power company doesn’t charge you for the power you use from your solar system. Because of that, there is a risk of having any savings you earn wiped out should you use more than 400 kilowatt-hours of power from the grid. After you use more than 400 kilowatt-hours, the rate you pay for power goes even higher. ![]() You only receive that rate for the first 400 kilowatt-hours of power that you use. The risk of not understanding how solar is compensated in UtahĪs of this writing, Rocky Mountain Power Utah pays you approximately $0.05969 per kilowatt-hour in the summer and $0.05639 per kilowatt-hour in the winter, which is less than what you pay for electricity in Utah. A qualified tax professional will understand your situation and be able to give you the most relevant advice. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. You should contact a qualified tax expert and consult with them. Begin your solar journey as soon as possible to possibly qualify for the full 30% credit. The federal tax credit is at 30% currently and will be locked in for the next 10 years. The same is similar for the Utah state tax credit where you must owe Utah state income tax to qualify. To qualify and receive the federal tax credit, you must owe federal income tax. How the federal and Utah tax rebates for solar workįor tax rebates, both federal and state tax credits are available. If it breaks down and stops producing power, you could wind up with an unexpectedly high utility bill. Lastly, you run a risk with the solar system you buy. The second risk is not understanding how solar is compensated in Utah. One risk is not understanding the tax rebates that are available. There are three risks you should be aware of when going solar in Utah.
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