The Complete Guide to Missouri Solar Incentives
Considering solar panels in Missouri? With more than 250+ sunny days per year and some of the top solar incentives in the US. Its no wonder why so many are switching to solar in The Show-Me State
In this article we'll explain the top solar incentives & local programs available to Missouri home & business owners.
Read on to learn more or enter your zip code below to see exactly which solar incentives & programs your home qualifies for!
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What Are Missouri Solar Incentives?
Solar incentives in Missouri are government programs, policies, or financial initiatives that encourage the adoption of solar energy systems. These incentives aim to make solar installations more affordable and accessible for homes and businesses. They come in various forms, such as tax credits, rebates, grants, and net metering programs. Some solar programs in even offer opportunities for free solar panel installations in Missouri.
Missouri solar incentives can help individuals and businesses reduce initial costs and maximize the financial benefits of switching to solar power.
Federal Solar Investment Tax Credit (ITC)
The Green Energy Tax Credit, officially known as the Federal Investment Tax Credit (ITC), is a valuable financial incentive available to Missouri residents and businesses installing solar energy systems. Eligible participants can claim a tax credit of 30% of the total installation cost, including equipment and installation expenses. This credit significantly lowers federal income taxes owed, resulting in substantial savings. It's important to note that the ITC rate is set at 30% until 2032, gradually decreasing afterward.
Solar Net Energy Metering (NEM)
Missouri offers a net metering program that allows solar system owners to receive credits for excess electricity they generate and send back to the grid. When a solar system produces more electricity than is consumed, the surplus is sent to the grid, and the owner earns credits that can offset future electricity consumption. These credits effectively reduce or eliminate electricity bills.
Solar Property Tax Exemption
In Missouri, solar panels are exempt from property taxes, which means that installing solar panels on your property will not increase your property tax assessment. This exemption ensures that homeowners who choose to go solar do not face additional financial burdens in the form of higher property taxes. By exempting solar panels from property taxes, Missouri encourages the adoption of solar energy and supports the growth of renewable energy in the state. This exemption helps make solar installations more financially attractive and accessible for residents, contributing to a greener and more sustainable future.
Enter your zip code to see which Missouri Solar Incentives you qualify for!
Do I Qualify?
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Missouri Solar Programs
Missouri is a state that recognizes the importance of solar energy and has implemented remarkable programs and initiatives to promote its adoption. These initiatives, championed by local organizations and non-profit groups, highlight the proactive efforts made by communities across Missouri to embrace solar power. Through these programs, solar energy becomes more affordable and accessible, leading to a greener and more sustainable future for the state. By supporting and participating in these initiatives, Missouri residents are actively contributing to the growth of renewable energy and the preservation of our environment.
Ameren Missouri’s Solar Rebates
Residents in the St. Louis region of Missouri can take advantage of solar incentives offered by Ameren Missouri, including solar rebates and net metering programs. The solar rebates are available for solar systems installed during a specific timeframe, and the amount is based on the size of the system, providing a financial incentive for going solar. The current rebate is calculated at $250 per kilowatt (kW) of installed solar capacity, with a maximum rebate limit for residential and commercial properties. These programs aim to make solar installations more affordable and encourage the adoption of clean energy in the St. Louis area.
Kansas City Solar Rebates
Residents in the Kansas City Power & Light service area who have net metered solar systems can qualify for a solar rebate program. Through this program, homeowners can receive a rebate payment of up to $0.25 per watt of solar power installed on their homes. The specific payment rates may vary depending on the application date, so it is important to contact the utility company to confirm eligibility. Kansas City homeowners can apply for these rebates through Evergy, formerly known as Kansas City Power and Light, and can receive $250 per kW (25 cents per watt) on residential solar systems up to 25 kW and commercial systems up to 150 kW installed until the end of 2023, resulting in potential rebates of up to $2,500 for a 10-kW solar panel system.
Enter your zip code below to see which Missouri Solar Programs you qualify for!
Do I Qualify?
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Going Solar in Missouri
Missouri presents an excellent opportunity for embracing solar energy adoption, thanks to its sunny climate and abundant sunlight. By making the switch to solar power, individuals and businesses can reduce their reliance on conventional energy sources, leading to significant savings on electricity bills and a positive environmental impact. With a range of incentives, programs, and financing options available, transitioning to solar energy in Missouri offers both financial benefits and the chance to contribute to a more sustainable future.
Start the switch to solar today and explore all of your solar options with a Solar Savings Quote from EcoGen America, Missouri's most trusted solar company.
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