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Welcome to Mike's Tips! Your go-to resource for the latest energy industry updates, money-saving advice, and insights on solar energy.
3 min read
In the face of rising energy costs and growing environmental concerns, Utah is on the verge of making a bold move that could transform its solar industry and empower homeowners. A new bill, recently introduced to the state legislature, proposes significant changes to how utilities compensate solar customers for excess energy they send back to the grid. This bill would require utilities, like Rocky Mountain Power, to credit solar owners with at least 84% of the cost-per-kilowatt for the energy they generate and export. It’s a game-changer for anyone considering going solar, and here’s why.
Historically, net metering — the system that allows solar customers to send excess electricity back to the grid and get credit on their energy bills — has been under attack in various states, including California. There, sweeping changes to net metering rules (known as NEM 3.0) led to an 80% drop in rooftop solar installations and triggered layoffs across the solar industry. But Utah is bucking the trend by offering more protection to solar customers.
The proposed legislation seeks to simplify and secure the process for Utah residents. If passed, it would ensure that utilities can no longer underpay solar owners for the energy they contribute to the grid. Currently, Rocky Mountain Power credits its solar customers only about $0.05 per kilowatt-hour for excess power, a fraction of the retail rate. Under the new law, that rate would jump to at least 84% of the cost of a kilowatt, significantly increasing the return on investment for solar installations(pv magazine USA)(KPCW).
This policy couldn’t come at a more critical time. Utah, like much of the country, is grappling with rising energy costs. Rocky Mountain Power has already approved an 11.6% rate increase and is seeking an additional 18.1%, which could push the total increase to 29.7%. There’s even potential for the rate hike to reach as high as 41.3% if the utility is forced to recover deferred costs more quickly. For homeowners, this means higher electricity bills unless they make changes to their energy consumption(pv magazine USA).
Solar provides a way to fight back against these rising rates. Not only does it allow you to generate your own power, but under this new bill, you’ll get compensated fairly for any excess energy you produce. This could mean hundreds or even thousands of dollars in savings annually.
If you’ve been considering solar, now is the time to act. With energy prices skyrocketing and a favorable legislative environment, solar installations in Utah are poised to become more financially attractive than ever. On top of that, there are federal incentives and USDA REAP grants available that could further reduce the cost of solar, especially for businesses and agricultural properties. This combination of factors makes solar a smart investment for long-term energy security and financial savings(KPCW).
The upcoming changes in Utah’s net metering policies make solar power more than just an environmentally conscious choice — it’s a financially sound one. By protecting the value of the energy you generate, this bill provides homeowners and business owners alike with a significant incentive to go solar. With rising electricity costs and a chance to lock in savings, now is the time to explore how solar can benefit you.
Whether you’re a homeowner or a business owner in Mapleton or West Mountain, now is the perfect time to take control of your energy future. Solar energy is no longer just about sustainability — it’s about energy independence and financial freedom.
📧 [email protected]
📞 385–312–0904
www.asksolarmike.com
3 min read
In the face of rising energy costs and growing environmental concerns, Utah is on the verge of making a bold move that could transform its solar industry and empower homeowners. A new bill, recently introduced to the state legislature, proposes significant changes to how utilities compensate solar customers for excess energy they send back to the grid. This bill would require utilities, like Rocky Mountain Power, to credit solar owners with at least 84% of the cost-per-kilowatt for the energy they generate and export. It’s a game-changer for anyone considering going solar, and here’s why.
Historically, net metering — the system that allows solar customers to send excess electricity back to the grid and get credit on their energy bills — has been under attack in various states, including California. There, sweeping changes to net metering rules (known as NEM 3.0) led to an 80% drop in rooftop solar installations and triggered layoffs across the solar industry. But Utah is bucking the trend by offering more protection to solar customers.
The proposed legislation seeks to simplify and secure the process for Utah residents. If passed, it would ensure that utilities can no longer underpay solar owners for the energy they contribute to the grid. Currently, Rocky Mountain Power credits its solar customers only about $0.05 per kilowatt-hour for excess power, a fraction of the retail rate. Under the new law, that rate would jump to at least 84% of the cost of a kilowatt, significantly increasing the return on investment for solar installations(pv magazine USA)(KPCW).
This policy couldn’t come at a more critical time. Utah, like much of the country, is grappling with rising energy costs. Rocky Mountain Power has already approved an 11.6% rate increase and is seeking an additional 18.1%, which could push the total increase to 29.7%. There’s even potential for the rate hike to reach as high as 41.3% if the utility is forced to recover deferred costs more quickly. For homeowners, this means higher electricity bills unless they make changes to their energy consumption(pv magazine USA).
Solar provides a way to fight back against these rising rates. Not only does it allow you to generate your own power, but under this new bill, you’ll get compensated fairly for any excess energy you produce. This could mean hundreds or even thousands of dollars in savings annually.
If you’ve been considering solar, now is the time to act. With energy prices skyrocketing and a favorable legislative environment, solar installations in Utah are poised to become more financially attractive than ever. On top of that, there are federal incentives and USDA REAP grants available that could further reduce the cost of solar, especially for businesses and agricultural properties. This combination of factors makes solar a smart investment for long-term energy security and financial savings(KPCW).
The upcoming changes in Utah’s net metering policies make solar power more than just an environmentally conscious choice — it’s a financially sound one. By protecting the value of the energy you generate, this bill provides homeowners and business owners alike with a significant incentive to go solar. With rising electricity costs and a chance to lock in savings, now is the time to explore how solar can benefit you.
Whether you’re a homeowner or a business owner in Mapleton or West Mountain, now is the perfect time to take control of your energy future. Solar energy is no longer just about sustainability — it’s about energy independence and financial freedom.
📧 [email protected]
📞 385–312–0904
www.asksolarmike.com