Missouri Solar Panel Grants

One of the simplest ways for the missouri state legislature to encourage small scale clean energy adoption is to declare solar panel equipment exempt from state sales taxes as many other progressive states have done.

Missouri solar panel grants.

You can get a lump sum payment or your installer will take the amount off the final installed price. The energy you generate pays off as credits on the following month s energy bill but unfortunately excess credits are donated to the utility company at the end of the year. Grants are funding given to promote renewable energy that does not have to be paid back. Grants are available in low income areas.

Net metering has recently become available for homeowners with solar panels and applies to any photovoltaic system 100 kw or less. Nrel s pvwatts is a great program for determining the solar resource at your location and the expected energy output of a solar pv system. 1 2018 includes 28 million in solar rebates for customers in addition to investing 14 million in company owned solar generation by 2023. We currently have funds available for solar rebates in 2020 at 0 25 watt.

Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than three kwh per square meter per day. Rebates require paperwork to be filed. Department of housing and urban development offers grants for home improvements using energy alternatives which can include solar panels. Harnessing solar energy while having numerous long term benefits can be an expensive undertaking.

And missouri funding opportunities and incentives listed and linked below are for financial incentives that promote renewable energy and energy efficiency those designed primarily for residents businesses and other end users rather than funding opportunities for research development outreach or inter governmental programs. Overview solar wind hydroelectric landfill and natural gas nuclear. Solar power rebates are incentives federal or state governments offer to reduce the cost of going solar. There is also a favorable net metering policy.

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. Missouri offers state energy rebates through three electric utilities. Qualifying groups include low income or rural homeowners farms native american tribes schools and nonprofit organizations. Now that the solar itc has been extended through 2021 any missouri resident that owns his or her solar panel system through a direct purchase or loan.

Federal investment tax credit itc of course every solar homeowners benefits from the federal solar tax credit offered nationwide. Ameren missouri s smart energy plan which debuted on aug.