Utility Rebates
Rocky Mountain Power Wattsmart Multifamily Program
Rocky Mountain Power provides cash rebates for energy efficient upgrades to multifamily properties and efficient new multifamily construction. Multifamily properties with four or more units are eligible for rebates for appliances, building shell improvements, HVAC, lighting, weatherization, and water heating updates that increase the efficiency of the building.
- Program overview and incentives
- Call 866-739-9741 or email rmp@icastusa.org
Dominion Energy ThermWise Builder Program
Dominion Energy provides builders of new single- and multi-family residential construction with cash rebates for installing high-efficiency equipment and for building ENERGY STAR-qualified homes. Single-family is defined as projects with 1-3 units and multi-family projects are those with four or more connected units. Builders working with a Home Energy Rater may be eligible for stand-alone or whole-home rebates.
- Program overview and incentives
- Call 801-324-5118
Rocky Mountain Power EV Charging Incentives
Rebates are available for multi-unit property EV charging infrastructure and installation costs. To qualify, chargers must be included on Rock Mountain Power’s list of approved chargers. Custom make-ready project incentives are available to help cover the upfront costs for electrical infrastructure and installation of EV charging stations. Rebates are also available for single-port and multi-port AC Level 2 charging stations and DC fast charging stations.
- Incentives overview and links to applications
- Call 800-625-6078 or email EV@rockymountainpower.net
Federal Tax Incentives
45L Energy Efficient New Homes Tax Credit
This tax credit is available to eligible contractors who build or substantially reconstruct qualified new energy-efficient homes up to ENERGY STAR or Zero Energy Ready Home standards. They may be able to claim tax credits up to $5,000 per home. Qualified homes are estimated to consume approximately 50% less energy in heating and cooling than a similar home with prior generation Energy Star standards.
- Call 1-800-829-1040
179(D) Energy Efficient Commercial Building Tax Deduction
Through the 179(D) tax deduction, commercial and multifamily building owners may be eligible for a tax deduction of up to $5.00 per square foot for both new and renovated buildings that have installed energy-saving elements such as building envelope, HVAC, or interior lighting. Design firms that have worked on projects for certain tax exempt and/or public agency-owned buildings are also eligible for the tax deduction. Newly constructed or renovated buildings must meet certain energy reduction requirements and ASHRAE standards.
- IRS information
- Call 1-800-829-1040
Investment Tax Credit (ITC) – for on-site solar, battery storage, geothermal
The Investment Tax Credit for businesses allows businesses to deduct a percentage of the cost of on-site solar, battery storage, or geothermal systems. Taxable businesses are eligible for the ITC and some tax-exempt entities are eligible for direct payment of the tax credit. The base credit amount is between 6% and 30%, with bonuses for meeting additional criteria, such as projects that are located within low-income communities.
- Department of Energy ITC overview
- IRS ITC page
- Call 1-800-829-1040
Federal Alternative Fuel Infrastructure Tax Credit:
Multifamily property owners and managers may be eligible for the federal Alternative Fuel Infrastructure Tax Credit, available under Section 30 of the U.S. Tax Code. The tax credit for commercial projects, which includes multifamily projects, is 30% per charger, up to $100,000 per charger. Eligible projects must meet certain labor and location requirements.
- IRS webpage for Form 8911
- Call 1-800-829-1040
Coming Soon
Home Energy Rebate program
Utah has been allocated $101 million by the U.S. Department of Energy (DOE) for two home energy rebate programs. These programs target homes and housing units occupied by low- and moderate-income residents and can provide up to $14,000 in rebates. Homeowners and multi-family building owners can receive these rebates through home retrofits that provide significant energy savings and through the purchase of approved, high-efficiency electronic appliances. We anticipate the rebate program will be available sometime in 2024. More information can be found on our website.
C-PACE Financing:
The Utah C-PACE program helps property owners access financing from the private sector for energy efficiency improvements. In Utah, C-PACE is also available to real estate developers who design and construct buildings that use equipment that exceeds commercial energy efficiency code requirements. Financing can sometimes cover up to 100% of the project cost, often requiring no money down. C-PACE is administered by local governments and is financed by capital providers.