Don t worry because after tax breaks and energy savings your first year costs will be considerably less than that.
Solar panel rebates missouri.
These rebates apply to new or expanded solar electric systems limited to up to twenty five kilowatts 25 kw per system for residential customers and up to one hundred fifty kilowatts 150 kw per system for nonresidential customers.
In addition to getting discounts and rebates on the cost of your solar installation all solar homeowners in missouri are exempt from property tax increases that result from installing solar panels on their home.
Solar incentives rebates and tax credits available in missouri in 2020 the most significant incentive to install solar panels for homes and businesses is the federal solar tax credit.
Missouri solar rebates and incentives.
Federal investment tax credit itc of course every solar homeowners benefits from the federal solar tax credit offered nationwide.
The solar energy incentives in missouri have helped this midwest state to gain recognition for more than the famous gateway arch.
That s cheaper than solar has ever been but it still might seem like a big investment.
At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.
Net metering has recently become available for homeowners with solar panels and applies to any photovoltaic system 100 kw or less.