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Tax credits currently cost the state of Utah $6 million per year. This is due to the growth in residential installations. Rooftop solar customers can currently get $2,000 in tax credits on their state income tax return. If the bill is passed into law, that amount will be reduced by $400 per year starting in 2018.
State. Tax Rate Range. Income Range for Tax Brackets. Alabama. 3 Brackets: 2% to 5%. $500 to $6,001. Arkansas. 5 Brackets: 0% to 3.9%. $0 to $89,601. California
In 2018, three more states made similar changes. For example, compensation in Nevada will go down over time, but today the compensation is at the retail rate (meaning, solar customers who send energy to the grid get compensated at the same rate they pay for electricity). In Arizona, the new solar rate is ten percent below the retail rate. [21]
Available until Sept. 31, 2031, the High-Efficiency Electric Home Rebate Program (HEEHRA) is providing the rebates and will be administered by each state. The $4.28 billion program has a maximum ...
The most recent development of solar power in Nevada has been utility-scale projects (vs. home-based solar panels). This is due to the decision in 2015 by the Public Utility Commission of Nevada that changed net metering rates "paid by utilities for electricity produced by distributed generation systems to wholesale, rather than retail, rates ...
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