Solar Lighting Incentives in Utah

Since settlement, Utah has always carried the values of industriousness, perseverance, thrift, stability, and self-reliance. These virtues have created a state populated of pioneers that thrive and prosper in doing things for themselves. This self-reliance permeates into the growth of new industries in the state such as solar power. By installing Greenshine solar lights you can immediately—and at almost any time of the year—start saving on your energy costs and join in on this growth.

With more sunny days in the Beehive state than the national average, Utah is in a prime position to expand its usage of renewable technologies. This expansion has led to opportunities and incentives that will help you save on commercial outdoor lighting. Federal Investment Tax Credits (ITC) can save you 30% on the cost of installing outdoor solar powered lights. Other tax rebate and loan programs are also available, so consult your local power company for more information.

There are more incentives to keep money in your pocket beyond these! Commercial solar powered lighting saves you time and money by avoiding trenching and wiring which can tear up your streets and bank account. For comparison, trenching for original power lines may cost you $75,000 while our services run on average of $45,000. That’s a savings of $30,000! Not to mention the additional year-over-year saving costs of installing solar lighting.

Greenshine New Energy makes it easy to install solar powered lighting for your business or municipality. There has never been a better time to switch to outdoor solar power lighting and carry on the spirit of self-reliance that is a part of Utah.

Solar Lighting Incentives in Utah

1) Local Option - Industrial Facilities and Development Bonds

https://programs.dsireusa.org/system/program/detail/5407

http://www.edcutah.org/businessincentives.php

Under the Utah Industrial Facilities and Development Act, counties, municipalities, and state universities in Utah may issue Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) to promote energy efficiency upgrades and renewable energy systems.  Municipalities may issue revenue bonds in order to finance eligible projects. Proceeds from the sale of bonds may be used to pay for or to reimburse the costs of the project. With the added provision to allow reimbursement to lenders, the issuance of bonds may be used by a municipality to create a local loan program, in addition to direct financing of projects.