Missouri Solar Incentives, Tax Credits And Rebates Of 2024 – Forbes
In addition to the federal tax credit, Missouri has state incentives with a property tax exemption. Several power companies in the state offer rebates through net metering. The incentives and rebates can help ease the cost of installing solar panels.
Missouri Property Tax Exemption
Missouri has a property tax exemption for those who install solar systems. Any increase in property value by installing a solar system is exempt from taxes. The exemption can help make the decision to go solar easier by not impacting your tax burden.
Missouri Net Metering
One of the best solar incentives in Missouri is net metering. Missouri passed legislation in 2007 to enable net metering to homeowners with solar systems up to 100 kW. Ameren, Columbia Water & Light, Evergy and Liberty Utilities all offer net metering where you can receive rebates for your solar systems. The rebates and incentives vary between the utility companies.
Ameren Missouri Solar Rebate
Ameren covers a large swath of mid-Missouri, including St. Louis, Jefferson City and Cape Girardeau. It also has coverage in Kansas City. Solar rebates depend on the size of your solar system. Ameren customers can receive $0.25 per watt up front, which can result in annual savings of $2,625 for a 10.5-kW system.
Columbia Water & Light Solar Rebate
Columbia Water & Light has rebates between $375 and $625 per kilowatt of solar power produced for systems less than 10 kW. Systems between 10 and 50 kW can receive a rebate between $300 and $500. Homeowners can also receive $400 for installing a solar water heater.
Evergy (formerly Kansas City Power and Light) Solar Rebate
Evergy covers the western part of Missouri in cities like Kansas City, St. Joseph, Clinton, Salisbury and Chillicothe. Evergy bases its rebate on the system size installed at $0.25 per watt.
Liberty Utilities Solar Rebate
Liberty Utilities covers counties across Missouri with its largest area along the western and southwestern border of the state. Liberty Utilities offers a rebate of $0.25 per watt generated.
Property Assessed Clean Energy (PACE) Program
Missouri also has the Property Assessed Clean Energy (PACE) program where property owners can use PACE financing for a solar project. PACE provides fixed-rate, up-front financing with repayment terms of up to 20 years. It’s a special assessment that gets repaid on annual property tax bills.
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