Everything You Need to Know About Missouri Solar Incentives

missouri solar incentives

Did you know that the amount of energy produced by solar installations in Missouri has tripled since 2014? And, more than three-quarters of this energy comes from small-scale customer-sited installations. The use of Missouri solar panels is on the rise. 

With many great benefits, residential solar appears to be the future of renewable energy, offering the chance for consumers to take back control of their own electricity production. 

If you’re considering hiring one of the many Missouri solar companies to fit panels to your home, you may be wondering what the cost of solar panels in Missouri is at the moment. In addition to this, you’ll also no doubt be interested in learning about any potential Missouri solar incentives that may be available. 

In this guide, we’ll take a look at the benefits of getting solar panels in Missouri and how you can help finance your installation. 

How Much Can You Expect to Pay for Solar Panels in Missouri?

Solar panels are a great source of renewable energy. By having panels fitted to your home, you’ll dramatically reduce your household’s carbon footprint. There are undeniable benefits when it comes to reducing your energy bills, too. 

With this in mind, you may have started to plan to have solar panels fitted. However, when factoring in whether it will be financially viable for you, you’ll need to know how much they cost. 

You can expect to pay around $14,461 for a 6 kW system. Of course, the actual figure will depend on the size of the installation that you get. The number of panels that you’ll need will depend on the energy consumption of your household. 

What Missouri Solar Incentives Are Available?

Fortunately, you won’t need to pay the full amount for your solar panel installation. There is a federal solar tax credit incentive in place for anyone buying a solar photovoltaic (PV) system for their home. 

If you’re having your solar panels installed in 2021 or 2022, you’ll get a 26% tax credit, whereas if you wait until 2023 to get residential solar, you’ll only get a 22% credit. If you’re in a position to get your panels sooner, rather than later, you’ll enjoy more savings. 

Depending on your current energy provider, you may be entitled to further rebates. Check with your provider for more details. 

You’ll also be pleased to know that one of the perks of owning residential solar panels is that you’ll be exempt from property tax increases resulting from having an installation. 

Hiring a Solar Panel Company

Once you’ve decided that getting solar panels is the right choice for you, you’ll want to start looking for a company to carry out the installation at your property.

Once you’ve found a company, you’ll be able to learn more about their financing options that will help you spread the cost. 

Get Solar Panels Now

With lots of great Missouri solar incentives as well as the federal tax credit scheme, there’s no better time to switch to solar than right now. 

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