Solar power in Clearfield, Utah
Good news for Utah homeowners: Rocky Mountain Power offers net metering to its Clearfield solar customers.
Utah does provide a state tax credit of 25% of the cost up to $2,000 which is nice considering most states offer no tax credits.
After deducting rebates and other tax credits, you can apply the federal solar tax credit, covering a large portion of the remaining cost . The federal solar tax credit may be extended over several years and imposes no size limits to receive the full amount.
Furthermore, Clearfield has some great financial incentives. At the beginning of each year RMP offers a $1,100 up $4,400 rebate program, the catch is that only enough funding is provided by the state to offer 125 of the $4,400 rebates, so places disappear fast.
Rocky Mountain Power is fighting to reduce net metering returns even more so don't wait!
Net Metering Broken Down
Like most net metering programs 1kWh exported to the grid eliminates the cost of 1kWh drawn from the grid at a later time. Excess kWhs after covering your bill may be used to offset future bills up to 1 year later.
Where RMP's program lacks behind is if at the end of a 12 month billing cycle the customer still has credit, instead of depositing the money into your account it just expires, you get nothing. Only commercial customers get paid.
The average cost of installing residential solar panels in Clearfield,
Utah in 2020 is
$2.67 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Clearfield, UT
is $13,350.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Utah is only 793kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Clearfield solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Utah solar savings calculator can do this because it contains a database of the electric rates charged by City of Bountiful, Kaysville City Corporation, PacifiCorp
How much can solar panels save you in Clearfield
What does the cost of a real solar system look like?
Facts about installing a 10.39kW solar system in Clearfield, UT
This system would offset 100% of your energy usage if your typical monthly bill is $160, however your situation may vary so try our Clearfield solar calculator to get a result tailored to you.
$17,269
Net cost of system
7 Years 8 Months
Average payback time
14,769 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
23¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 10.39kW system
Life-time savings on this system over the next 25 years
$60,474
(Prices shown after repayments of capital)
60
Solar companies in Clearfield, UT that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Clearfield
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,371 | $6,881 |
| 4kw | $8,288 | $8,951 |
| 5kw | $10,101 | $10,909 |
| 6kw | $11,855 | $12,803 |
| 7kw | $13,468 | $14,545 |
| 8kw | $14,978 | $16,176 |
| 9kw | $16,450 | $17,766 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need for your home
Going solar in Utah
Check out all of the ways energy providers of Utah can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Renewable Energy Systems State Tax Credit | State | Personal Tax Credit |
| Net Billing | State | Net Metering |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
