
The federal solar tax credit, also known as the solar investment tax credit (ITC), allows homeowners to claim 30% of their solar installation costs as a deduction on their federal taxes. If you owe less in taxes than the credit’s worth, the remaining balance will roll over to the following year. . Utah provides its residents a state tax credit through the Renewable Energy Systems Tax Credit (RESTC) program. It allows you to credit a certain percentage of your system’s value to. . Net metering is another solar incentive available in Utah, although not mandated statewide and thus offered only by certain power companies. With net.