By: Whittney Evans
February 13, 2017
A bill to phase out the state’s tax credit for residential solar panel installations passed the Utah House on Monday.
House Bill 23 would end the state’s $2000 individual income tax credit by 2021. Republican Representative Jeremy Peterson sponsored the bill. He said the tax credit is draining the state budget.
“It is expected that the cost of technology will actually decrease at the same rate of this tax credit,” Peterson said. “So consumers should not see a significant impact on the bottom line in trying to determine whether or not to make that purchase.”
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