Missouri is a great location for solar systems, with 206 sunny days on average per year. While it may not be among the sunniest states, Missouri’s weather conditions still present opportunities for viable solar power projects. The state actively supports renewable energy through various incentives. Following are some of the solar incentives available to homeowners and businesses in Missouri:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 26% of the total purchase price of their solar system. This credit applies to all solar projects that begin construction in 2023 and will last through 2033, at which point it will drop to 22%.
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.
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, Energy 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.
Further information and programs can be found at the Programs.Dsireusa.org
