Utah County Solar
How good of a solar market is Utah county? As a Utah County solar company, our goal is to answer the many questions and misconceptions that hold people back from installing solar. We will explore solar power as an investment, specifically in Utah county today and explore similar topics in our blog in the future.
Solar Panel Financial Returns
A common misconception is that solar energy, especially in Utah county, is not a good financial investment. With the Utah state solar tax credit of up to $2,000 and the federal tax credit of 30% of the installed system cost, along with the lowest prices ever for solar panels, typical returns are in the 8-10 year range for residential solar installations. Compared to other investments (i.e. mutual funds, stocks, bonds, etc.), a solar investment is a very secure one- it is not affected by the real estate industry, utility rates are only going to increase, solar panels are covered by home owners insurance after installed, and all products that we install come with a 25 year warranty. This brings peace of mind that your money is working for you and will bring a solid return on investment, with very minimal risk.
Utah County Power Companies
Utah county has many different power companies (Springville Power, Provo Power,
Lehi City Power, Payson Power, Eagle Mountain Power, Spanish Fork Power, etc.) whereas Salt Lake is connected to Rocky Mountain Power. All Utah county power companies permit net metering and allow solar power to be installed on homes. The only downside is that there are no financial incentives from the smaller power companies to install solar, unlike Rocky Mountain Powers’ annual solar lottery.
Utah County Weather
So how do Utah county solar resources stack up? How do snow, cloudy days, rain, etc. alter solar energy production? All in, Utah county has 222 sunny days and is ranked in the top 10 best states for solar resources. Snow will slide of panels once the sun comes out and rain is great for cleaning the panels off. In all weather conditions, panels will continue to produce electricity, with production varying directly with the amount of solar irradiation that hits the panels. As awareness grows, the Utah county solar market is poised for massive growth, capable of producing an incredible amount of clean, sustainable energy.