Utah is emerging as a leader in clean energy, proving that renewables can drive economic prosperity while maintaining energy independence. With 2,577 megawatts of installed wind, solar, and energy storage capacity, enough to power 648,000 residences, the state is building momentum toward an energy future that creates jobs and expands economic opportunity.
Utah’s clean energy investments are driving substantial and growing economic benefits across the state. The sector has already attracted $6 billion in capital investment for renewable energy projects and created 7,300 jobs. These investments have generated $13.5 million in annual tax revenue for local communities, funding essential services without burdening taxpayers.
This is just the beginning. According to new economic projections in a report by ICF commissioned by the American Clean Power Association (ACP), the Inflation Reduction Act (IRA) will create approximately 11,500 jobs annually in Utah between 2025 and 2035. These positions represent long-term career opportunities in rapidly growing industries, including the transportation, buildings, and manufacturing sectors.
Clean energy investments also offer economic diversification and stability for Utah. The report forecasts that clean energy development will drive $33 billion in spending across the state’s economy over the next decade, adding $17 billion to the state’s GDP and increasing household incomes by $5 billion.
Maria Korsnick, President and Chief Executive Officer at the Nuclear Energy Institute, expressed in the press release, “Retaining and expanding our energy security through highly reliable nuclear energy generation allows for continued innovation and economic prosperity while supporting our national security interests. The provisions in the current tax code are crucial tools in supporting continued investment in a reliable, affordable, and increasingly clean energy grid of the future. The study released today demonstrates the positive impact the tax credits included in the IRA have on energy sector and the broader U.S. economy.”
Clean energy provides particularly valuable economic benefits for rural communities. Property owners, such as farmers and ranchers, receive $14.2 million annually in lease payments from clean energy projects. This drought-resistant revenue stream helps stabilize agricultural and rural economies while preserving agricultural land uses.
Beyond the economic advantages, the environmental benefits are just as substantial and impactful. The state’s clean energy portfolio has prevented 4.2 million metric tons of carbon dioxide emissions – equivalent to removing 910,000 cars from Utah’s roads. These projects also conserved 2 billion gallons of water in 2023 alone, a critical resource for Utah’s arid climate.
With 19.3% of Utah’s electricity coming from wind, solar, and energy storage – ranking 21st nationally – the state has established a foundation for continued growth. As demand for clean energy increases nationwide, Utah’s early investments position it to capitalize on expanding opportunities. The clean energy industry isn’t just about reducing emissions—it’s a job creator, an economic driver, and a blueprint for a stronger, more resilient Utah.
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