Utah Solar Power: Utah Citizens Save Large Amounts of Money on Their Bills By Installing Solar Panels
Today, many individuals are struggling with their ever-increasing energy bills.
(prHWY.com) September 4, 2012 - Utah, UT -- Today, many individuals are struggling with their ever-increasing energy bills. Appliances such as refrigerators,freezers, dryers, lighting systems, heating and air conditioning systems, and computers can drain enormous amounts of electricity, costing their owners a lot of money on their monthly utility bills. As a result, several Utah home and business owners are investing in and installing solar panels. Users of
Utah Solar Power can save money not only on their energy bills, but also by applying for tax credits with the state and federal government. These solar panels also have a positive effect on the environment due to the fact that their energy generating processes do not emit pollutants or other chemicals into the atmosphere.
Reducing Energy Bills: Simultaneously Saving Cash and the Environment
Every year, the average American pays over one thousand dollars on their energy bills (USA Today). In order to reduce this amount, several Utahns are installing solar panels for their homes and companies. Solar panels contain tiny cells, often made of silicon, which capture the energy of the sun and then convert that energy into electricity to power homes and businesses. Unlike the commonly used method of generating electricity by burning coal and other fossil fuels, solar power technology releases no toxins into the atmosphere. Individuals who have installed these clean energy-generating panels can see as much as a 50 to 90 percent decrease in their monthly power bills (Budgeting: The Nest). Intermountain Wind and Solar (IWS), a Utah corporation that specializes in the installation of both solar and wind systems, has provided many Utah families and business owners with solar panels that not only save the environment, but also save money on energy bills.
Utah Solar Power Users Are Given Opportunity to Receive State and Federal Tax Credits
In 2007, the Utah State Legislature expanded the Renewable Energy Tax Credit to include additional technologies including solar panels. Both residential and commercial
Utah Solar Power users can apply for this tax credit. Home owners using solar panels can receive a maximum credit of $2,000 and commercial users can obtain a maximum credit of $50,000. These amounts are deducted from the total state taxes the individual owes. To apply for the tax credit, Utah citizens' solar power source must be safe and approved by the Utah Office of Energy Development (OED). An additional 30% federal tax credit is also available. Those who install solar panels on their home or business are able to reap maximum savings on both taxes and energy bills.
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