Did you know the sun produces enough energy in one-fourth of an hour to supply the entire world with electricity for an entire year?
Just imagine what it could do when solar panels serve as an interstice between your home and the tremendous energy emitted by the sun.
Although there are many benefits to solar regardless of geographic location, Utah solar initiatives present tremendous savings opportunities for both commercial and residential locations.
As the solar industry becomes increasingly complex and saturated with vendors, it’s important for Utah solar prospects to understand the factors affecting the industry so they can make decisions accordingly.
Utah is a harbinger of solar initiatives not just because of its entrepreneurial spirit and upstanding citizens, but also because it has the potential to serve as an example of why renewable energy sources are the future of tomorrow’s economy.
Utah’s economic conditions are strong enough to fly the renewable energy flag bravely, grating against energy traditionalists determined to maintain the energy status quo for personal profits at the expense of the U.S.’s future.
Utah is one of the top 10 states in the U.S. with the most potential for homeowners looking to invest in solar power. The state is striving to make at least one-fifth of its solar energy from renewable sources by 2025.
Although the tax credit advantages deliver a huge return on investment for commercial locations in the form of 10 percent $50,000 tax credits, home-owning Utah solar consumers are also positioned to be further incentivized to partake in Utah solar initiatives, garnering as much as 25 percent $2,000 tax credits.
Utah Concentrated Solar Power (CSP) and Photovoltaic (PV) Analysis
Utah is one of the 11 states in the country capable of providing all the electricity used in the United States from concentrated solar power (CSP). However, CSP is not to be confused with photovoltaic solar panels, which are what solar panel vendors install on rooftops of people’s homes.
Concentrated Solar Power (CSP) is primarily used for industrial-grade buildings and power plants. (CSPs) may become more popular because of their plausibility for desert areas, which are rife with direct normal irradiance (DNI), something conducive toward solar power usage.
Direct normal irradiance is quantified by measuring the amount of solar radiation a unit area, such as a surface, receives that is perpendicularly oriented to to the solar rays emitted from the sun at its current position in the sky.
Solar-powered solutions are not just positioned to benefit desert areas, but may also become more widely adopted in economic initiatives like public housing. Numerous initiatives are underway to make this happen, and several already have begun implementing these solutions.
Parabolic trough solar thermal power plants, but the CSP vs. PV distinction is one of centralized distributed solar deployment vs. disbursed and individualized usage, and savings and tax credits tend to favor PV plans for consumers. So, if you’re going to go solar, it’s still in your best interest to look at it from the perspective of a homeowner.
In general, the CSP model is being left behind for Photovoltaic (PV) bandwidth, as there are greater economic incentives for PV solar solutions, driving down the cost of installation and production.
Additionally, Utah’s renewable portfolio standard is just revving up. While many states have mandated renewable resource criteria and projects, Utah’s clean energy initiatives emerged without mandates, showing the state is as serious about renewable energy as it can be, and doesn’t need to be pushed to partake in renewable energy initiatives.
Utah Solar Energy Zones
Several years ago, the Bureau of Land Management was tasked with identifying major zones for great Utah solar potential not just to generate ROI and economic benefit for homeowners and commercial locations, but also to prioritize where and how solar initiatives should be deployed to generate the best return on renewable energy investment.
After all, any state serious about solar energy wants to set up solar usage for the citizenry’s long-term success.
When the Bureau of Land Management discussed solar energy zones several years ago, nearly 20 solar energy zones were prioritized as top-rank for solar initiatives in the country, and three of these 20 locations belonged to Utah—making Utah a staple of solar power initiatives when compared to other states.
This trend is yet to show signs of slowing. Although impending legislature has the domestic U.S. solar markets in flurry, solar will prevail regardless of the Trump Administration’s decisions; remember, the President has mentioned building a border powered by solar panels.
Although it is difficult to tell what’s said in jest and what should be taken seriously, if Trump wishes to be the “greatest jobs president ever,” he’ll need to power the U.S. economy with the right renewable incentives, solar panels included at the very top of the list.
The Utah Solar Prospectus
As the 8th state in the nation in terms of solar units installed, Utah is home to numerous manufacturers and solar panel distributors. What’s more, SEIA reports that the Utah solar panel price has declined over 55% in the past 5 years, creating an increase in demand for solar panels in the state.
Although commercial installations are positioned to decline slightly, residential installations are positioned to increase year-over-year until at least 2021.
Despite this decline in commercial solar panel installation, several large retailers in Utah have installed solar panel systems, including Uinta Brewing, IKEA, and Patagonia. Many are expected to follow suit as the prices decline.
The Best Predictor of Future Behavior Is Previous Behavior
Although some feel the future of solar is yet to be determined, the best predictor of future behavior is previous behavior, and America has made solar an increasingly relevant priority for renewable energy initiatives.
All in all, these trends demonstrate that the Utah economy and the nation it belongs to made strong steps toward incentivizing solar-powered renewable energy resources that won’t deliver value if reversed in legislative form, and will therefore continue to be incentivized, provided administration looks at solar power in econometric terms. Once economic regulators wrap their heads around the benefits of solar, there will be no turning back for consumers, business owners, and more solar-powered initiatives.
Bringing It Together: How Can You Benefit from Utah Solar Companies?
Choosing the right solar panel vendor in the state of Utah can be difficult, as the market is saturated with many players. However, avoid contractors and stick with organizations that have a proven track record of delivering on their promises.
The GO Solar Group provides Utah homeowners with free assessments, designs custom solar arrays for those wishing to have panels installed, guides potential customers through financing and cash options, handles permitting, submits tax credit documents, and genuinely cares about the adoption of solar panels not just in Utah, but in the West and underdeveloped areas of Africa, too.
As the solar panel provider that has its customers in-mind, you can trust the GO Solar Group with the future of your energy consumption.