When discussing solar power, we usually compare it to buying a home. Yes, you have to save up beforehand and get good financing, but then you get to own the energy you use, instead of renting it from an energy company.
What if we told you that there are ways to lower the cost of ownership? Because solar power is good for the environment, federal and local governments want to incentivize it. To do this, they subsidize solar panels, paying a portion of the cost. Below we’ll discuss some of the solar panel rebates available to Missouri residents.
The Federal Solar Panel Rebate
The federal government currently offers the biggest rebate available to solar power owners. If you’re a homeowner who’s getting solar power installed, you’ll receive the Solar Power Tax Credit, which compensates you for 30% of the cost of your panels.
Missouri Solar Panel Rebates
The biggest financial benefit you’ll get from the state of Missouri is the property tax exemption. The value of your home will probably rise when you install solar panels in your home. However, this added value will not be taken into account when considering your property taxes. Also you need to consider the type and cost of your solar panels that will be installed at your home.
Other Solar Panel Rebates in Missouri
The other biggest solar panel rebates in Missouri aren’t available to everyone. Instead, they vary based on which power company you use.
If you get your power from Columbia Water & Light, you can get a rebate of $500 for each solar kilowatt your panels are able to produce. Empire District Electric also offers rebates to their customers, though the amount will vary based on when you originally get your panels and when you apply for your rebate. Generally speaking, you need to get your panels net metered in order to be eligible for these offers.
There are other rebates in Missouri, depending on your local government or unique situation. To determine all of the ways you can save money while getting your solar panels installed, you have to speak with an expert who understands your specific circumstances.
Looking for Solar Energy Savings in Kansas City, Missouri?
Barrett Solar is here for you. For years, we’ve been helping Kansas City residents decide whether or not solar power makes financial sense for them. And if it does make sense, we’ve been guiding them through the process: reviewing designs, handling permitting, and installing the panels for Missouri homeowners! For more information, call us at (816) 301-5205.
Let’s Start The Process on Your Solar Installation!
Now is THE time to switch to solar energy partner with Barrett Solar, one of the best solar companies in Kansas City and Missouri helping homeowners save money from energy bills while earning solar rebates and tax incentives.