Solar Panels, Inverters, Lithium-Ion Solar Battery, Electric Vehicle Charger, Mobile Energy Monitoring, Racking (Ground Mount, Rooftop, Drill-less), Smart Thermostats and More Solar Energy Technology
Rockport, MO Poplar Bluff, MO Warsaw, MO Joplin, MO Memphis, MO
Missouri State Solar Incentives
Solar System Rebates: Missouri is one of the few states in the Midwest that offers solar rebates. The current program provides $0.50 per watt for customers that apply by December 31, 2018 and install their system by June 30th 2019. After January 1 the rate drops to $0.25 per watt. This means, for a 10 kw system, a homeowner could receive a rebate of $5,000 for installing solar. NOW is the time to take advantage of this rare solar incentive!
Net-Metering: Net metering allows you to send the excess electricity that you produce and do not use back into the grid. Your utility will credit you for this electricity.
Property Tax Exemption: The installation of a solar panel system will be exempt from the assessment of your property taxes in the state of Missouri.
Federal Solar Income Tax Credit
The federal solar income tax credit is a, 30% of the total solar energy installation cost, tax credit. This federal solar income tax credit is available to both families and businesses. There are two important key understandings related to the federal solar income tax credit. The first is that money owed or paid to the IRS, can now be applied toward paying for your family or busineess, 25 -30 year, electric utility costs. The second is that a family or business must have the federal income tax liability, in which to apply the federal income tax credit. Tax liability can be an issue for those that are retired or some business situations. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect. However, remember that if you sign a lease or PPA with a solar installer, you are not the owner of the system, and thus you cannot receive the tax credit.
2016 – 2019: The tax credit remains at 30 percent of the total solar installation cost of the solar energy system.
2020: The federal income tax credit will be reduced to 26 percent of the total solar installation cost of the solar energy system.
2021: The federal income tax credit will be reduced to 22 percent of the total solar installation cost of the solar energy system.
2022+: The federal income tax credit will be reduced to 0 percent of the total solar installation cost of the solar energy system for residential installations. The federal income tax credit will be reduced to 10 percent of the total solar installation cost of the solar energy system for any commercial installation. Owners of a new commercial solar energy systems can deduct 10 percent.