Solar tax credits in Utah (and in other states) are some of the most important federal policy incentives for rooftop and utility solar energies in the country. It also makes owning panels an interesting alternative, since this policy will help solar owners save more in the long run.
Cap and Trade on a very basic level is this: The federal government passed a law forcing companies to lower their carbon emissions by 80% by the year 2050. Power plants will have to pay big bucks in retrofitting their current operations or buy additional pollution ‘credits’ at auction from the government or from other plants who have an easier time being more efficient.
Let’s put this into perspective, let’s say your are paying $130 a month on average for electricity. If RMP rates only increase 6.9% annually (6.9% is the national average, RMP average rate increase is 7.4%) in 25 years your power bill will be well over $560 a month!
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