Data from Industry Leaders
Missouri mo residents who switch to solar are eligible for these local, state and federal tax programs.
|Program Name||Program Type||Amount|
|Residential Renewable Energy Tax Credit||Tax Credit||30% before 2020 26% during 2020 22% during 2021|
|Residential Energy Conservation Subsidy Exclusion (Personal)||Tax Exemption||Full rebate amount excluded from taxable income|
|Net Metering||Utility Credit||Excess power credited to customer's next bill at avoided cost rate and rolled over monthly. Excess credits discarded annually|
|Solar Property Tax Exemption||Property Tax Exemption||Tax exclusion for 100% of system appraisal|
|Missouri Clean Energy District||other|
|Show Me PACE||other|
The main cost of a solar system is the panels, which will vary depending on your power and roof needs. Newer ones are expected to last 25 years in good conditions. Inverters tend to cost around $500 and usually need to be replaced in 5-10 years, but this will depend on the inverter type. Other costs include frames to hold the panels, wiring, etc, and are relatively small.