With significant solar and geothermal potential, a net-metering policy in place, favorable tax incentives and programs in effect, and swaths of open land, Utah is in position to create jobs, diversify its energy portfolio, and reduce its reliance on electricity sources from out-of-state with clean energy.
The Beehive State's entirely voluntary renewable portfolio standard has constrained growth in the past, but things are starting to pick up. In 2014, renewable projects in the state attracted $264.3 million in asset finance.1
Utah has 615 megawatts of utility-scale solar currently being developed--an amount that would increase Utah’s solar capacity by a whopping 3,416%.2
Those projects will begin to come online by next year. The state also has 13 geothermal projects under development,3
and was recently ranked by NREL as having the 25th highest wind energy potential in the U.S.4
Learn more about energy in Utah with ACORE’s Renewable Energy in the 50 States