Are you considering making the switch to solar energy? Now is the time to act! Going solar has never been easier, thanks to the constant development of new technology, generous tax breaks, innovative financing options, and a large number of qualified contractors in your local area of Utah.
We cover the best solar companies in Utah based on their ratings, customer service, and pricing structures, among other factors.
Incentives, and More Incentives in Utah for Solar
The state of Utah offers a 25 percent state tax credit of up to $1,600 to residents in addition to the 26 percent federal tax credit.
These are dollar-for-dollar credits that are applied directly to your tax bill, as opposed to deductions, and do not reduce your tax liability. A tax deduction lowers your tax liability, whereas a tax credit absorbs your tax liability. This means that for anyone who owes income taxes, this is real money in their pocket. Isn’t that enticing?
No-Money-Down Options Galore
Is there no tax liability? It’s not a problem! In addition to purchasing a solar system, many solar companies offer leases or Power Purchase Agreements as an alternative to purchasing the system (or PPA).Leased equipment allows you to start with a low monthly payment and gradually increase your payment amount over time. Because the leasing company gets to keep the tax credits, you are effectively making payments on the net investment rather than the initial cost of the installation.
Approximately at this point, you will begin to wonder, “What if I want to keep the credits and own the equipment myself, but I don’t want to come up with the cash to purchase it all at once?” Fortunately, the solar industry has you covered there as well! Ownership of clean energy is now more accessible than ever before, thanks to the abundance of different financing options available today.
Listed below are a few financing options you might want to consider:
Service Financing or Deferred Interest Loans – the most common of which are GreenSky or Synchrony Property Accessed Clean Energy Loans Home Equity Loans or Lines of Credit (HELOC) Home Equity Lines of Credit (HELOC) Service Financing or Deferred Interest Loans – the most common of which are GreenSky and Synchrony Property Accessed Clean Energy Loans (PACE Loans)
Net Metering in Utah
The most important question to ask is how your local utility bills solar customers, which may be the most important question to ask. The value of your energy is entirely determined by the value of the energy that it is replacing in the system. (This is, of course, in terms of finance.) Creation of a more sustainable planet for our children to inherit has absolutely nothing to do with inflation rates or cost per watt of energy produced).
A large number of utility companies in the United States are transitioning to a time-of-use billing structure. Because of this, the price of the energy you purchase from them varies depending on what time of day you use it.
For solar customers, this also means that the value of your energy varies depending on what time of day it is generated, which is an important consideration. According to traditional Net-Metered billing structures, solar customers are required to pay a one-time annual settlement fee equal to the net difference between what they have generated and what they have consumed. That is, you could think of the utility company as a giant battery that you would “charge” by overproducing in the summer and “discharge” in the winter when your house consumes more energy than your system generates in the summer.
Time-of-use billing structures allow solar customers to think of their utility companies less as batteries and more as bank accounts into which they can deposit money at a fixed rate and withdraw money at a variable rate that is determined by the time of day and the time of year.
Rocky Mountain Power provides service to the majority of the state of Utah and is a pioneer in the development of renewable energy billing structures. For solar customers, they offer one of the most comprehensive and cost-effective billing structures currently available on the market. Good luck to you if you happen to live in one of their serviceable neighborhoods. The value of your energy will be higher than if your utility company offered a less inclusive net metering agreement, or worse yet, no net metering at all, according to the Energy Information Administration.
Best Solar Companies in Utah: Top Picks
Switching to renewable energy makes perfect sense when combined with a reasonable billing structure and generous government incentives. As a result, installing solar panels helps to reduce your carbon footprint, which is beneficial to the environment. Because the solar industry employs people from your own community, it is beneficial to the overall economy of the area. And, of course, it results in financial savings! As a result, it is beneficial to you and your family.
In the end, going solar is a no-brainer decision. Many homeowners, on the other hand, become overwhelmed when they begin the research phase. Finding the right company with which to collaborate is the first step.
We’ve compiled a shortlist of some of our favorite resources to assist you in getting started.
Neerings Solar Experts Review
Neerings Solar Experts is the best solar company in Utah, according to our poll. These gentlemen are exactly what you’ve been looking for. If you do not live in the Park City area, look for a company that checks all of the same boxes as the one described above:The Better Business Bureau has given us an A+ rating.
Founded in 1935, they have been in the business for an extremely long time.
They have other sources of revenue that they use to support your solar warranty. Solar is, by its very nature, a highly volatile market. It is heavily reliant on government subsidies as well as the policies of utility commissions. A complete 180 degree turn is represented by the heating, air conditioning, and plumbing industries, which are some of the most stable markets on the planet. The likelihood of a solar company going out of business before your solar warranties expire is significantly lower when the company has one foot firmly planted in the service industry.
Local, family-owned and operated businesses tend to provide better customer service than big-box corporate businesses because they are more familiar with the community.
Greenify Energy Savers Review
Greenify Energy Savers is a close second to Neerings in terms of market share. While they don’t all check the same boxes, they do agree on one thing that is extremely important: reduce before producing. Consider your home as a system, and reduce your energy consumption as much as you can before you install your system. This is a fantastic way to increase your return on investment and maximize your energy savings. Apart from this, a more energy-efficient home is more efficient all year round – rather than just when the sun is shining. Greenify Energy Savers deserves to be commended for seeing the big picture!
The Better Business Bureau has given us an A+ rating. Having been in business since 2012, we provide a full range of energy efficiency services, including energy audits performed by certified professionals. The same sustainable concept underpins multiple revenue streams.
Intermountain Wind and Solar Review
Intermountain Wind and Solar is also addressing a critical concept that is gaining traction in today’s climate: self-sufficiency, which is becoming increasingly important. Generating your own electricity is the first step; storing that energy on your own is the next level of development. These individuals are well ahead of the curve.
The Better Business Bureau has given us an A+ rating. Since 2008, the company has been in operation. Specializes in self-sufficiency, as well as backup generators and batteries for customers to use. A large client base, a wealth of experience, and multiple locations all indicate that the company is less likely to go out of business before its warranties expire.
Blue Raven Solar Review
Blue Raven Solar appears to be the talk of the town right now. Their online ratings and reviews are particularly impressive, especially considering how large they are. They’ve got to be doing something right, right?
The Better Business Bureau has given us an A+ rating. Since 2014, the company has been in operation. The company’s financial stability is enhanced by its presence in multiple states and multiple locations – just make sure that your representative can easily explain how the billing and incentives work with your specific utility company.
RoofTek earns our fifth-place ranking for a variety of reasons. When installing solar panels on your roof, the most common problem you’ll encounter is a problem with your roof. Having a top-notch roofer complete the installation reduces the likelihood of a problem later on. In order to achieve a nice solid seal on the stanchions, it is best if your panels are installed at the same time as your roof is being replaced (the part of the racking system that actually attaches to the rafters in the roof).
As an added bonus – and this may be a significant benefit – some CPAs and Tax Advisors consider the roof to be a necessary component of the installation and will include it as a component of the installation cost when calculating your tax credits. That may be even easier to justify if the same company that installs your solar is also responsible for your roof installation. Check with your own CPA or Tax Advisor about any and all credits, benefits, and deductions – roof or no roof – before making any decisions.
The Better Business Bureau has given us an A+ rating. Since 2016, the company has been in operation. The only reason they didn’t rank higher on the list is because they didn’t have enough votes. Provided they continue to operate successfully for a few more years, they will undoubtedly reach the top of the rankings.
They’re Roofers, after all! This provides them with a second, more stable source of income and reduces the likelihood of them going out of business as a result of the ups and downs of the solar industry. A roofer is less likely to make a roofing-related mistake during the installation process, and he or she is more likely to be able to identify the problem quickly if there is one. Having a roofer complete the solar installation at the same time as a roof replacement lessens the likelihood of roof-related issues occurring and may result in significant tax savings for the homeowner.
You should only work with companies that have a valid license, are bonded and insured, and have an excellent rating with the Better Business Bureau. When it comes to warranties, the company that provides them is only as good as the company that provides them. Try to choose a company that is the least likely to go out of business and take your warranty with them.
Make appointments with representatives from a few different companies. The rule of threes is a useful guideline, but in the end, you should rely on your own intuition and sense of common sense.
Even if you don’t think you’ve found the right quote after the third one, keep looking! On the other hand, if the first or second company you meet with sends a qualified professional Solar Advisor (and not just a good salesman) who can thoroughly explain your billing structure, offers the type of equipment you’re looking for, and can assist you in obtaining the best loan or lease to meet your needs – take advantage of that opportunity! The sooner you take action, the more money you will save.