Governor Gary Herbert signed into law the measure created by Rep. Jeremy Peterson, who believes solar should "run on its own strength". Source: Alchetron
Yesterday, Utah governor Gary Herbert signed a bill into law that phases out the tax credit incentive for installing residential solar.
HB23 stipulates that the Utah solar incentive programme and its surcharge tariff will end by gradually reducing the US$2,000 tax credit that is received by consumers when they install rooftop solar panels.
Instead, the credit is limited to US$1,600 in 2018 and will be gradually decreased every year until it is just US$400 by 2021. Any systems installed after that year will not be eligible for any tax credits.
This measure was originated by representative Jeremy Peterson who said that Utah’s solar industry should “run on its own strength” without incentive.
This is not the first legislative attack on Utah’s solar industry. Last year in November, utility Rocky Mountain Power proposed new rates for solar users that would have upped bills by US$19 a month, with an addition US$15 service charge and 3.81 cents/kWh fee. It also proposed a US$60 net metering application fee and a monthly demand charge that would have devastating effects on the state’s residential solar market.
Solar Power International (SPI) is the largest solar event in North America. The event attracts over 19,000 attendees and 700 exhibitors. SPI is part of North America Smart Energy Week, which is the largest and most comprehensive energy event in North America. You can expect to see additional energy topics such as energy storage, electric vehicles, wind energy, microgrids, hydrogen + fuel cells, and more. SPI takes place September 23-26, 2019 in Salt Lake City, UT, USA. Learn more by visiting www.solarpowerinternational.com
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.