Solar Rebates are Back
Your electric company will PAY YOU to install solar.
Update: As of 3/19/19, most KCP&L and KCP&L GMO (Rural) rebates have been claimed. Ameren and Empire Electric still have rebate money available.
Missouri residents have a time-limited opportunity to save thousands of dollars off new installations with newly announced Missouri rebates!
SEPTEMBER 7, 2018 – If you’ve ever considered installing solar, right now is the time to do it! Power company rebates don’t come along very often, but a new batch of Missouri solar rebates will be released on January 1, 2019.
In May 2018, Missouri legislation paved the way to a fresh new round of customer rebates for solar installations in 2019. Only three power companies are participating, including Missouri’s KCP&L, Ameren and Empire Electric. Customers of other electric companies are ineligible at this time.
Only installations that are activated after January 1, 2019 may apply for the rebates. However, if you’d like to add to an existing solar system, the addition is eligible for the rebate.
The solar rebates are a result of Missouri Senate HB 564, passed on May 16, 2018. This “grid modernization” effort includes several efforts to upgrade the electricity grids throughout Missouri.
The new batch of Missouri solar rebates will be a boon to homeowners and business owners who go solar in late 2018 and early 2019. Rebates are $.25/watt. The rebates will only be honored until the cap has been reached. Anyone wanting to get in on the rebates should be aware the previous rebate money ran out within months, so the sooner you make plans to go solar, the better!
How much can you save with Missouri solar rebates?
- Rebates will be paid at a rate of $.25/installed watt of solar power. When your system is turned on, you’ll receive a check for your rebate amount from your power company! (How’s that for a fresh change?)
- An average-sized residential installation of 8 kW will be eligible for a rebate of about $2,000 off the cost of their installation.
- IN ADDITION to the Missouri rebates, you may be eligible for a 30% federal solar tax credit. The federal taxes you pay will be reduced by an amount equal to 30% of the cost of installing your system. So if the initial cost of your system is $30,000, your federal tax liability will be reduced by $9,000. If you don’t pay that much, the credit can be spread out over several years.
- The long-term savings from solar is huge. Your new solar system will save you tens of thousands of dollars in energy savings for decades to come. An average household can expect a savings of around $50,000 over 25 years. Each solar system is unique, so the only way to calculate your savings is by obtaining a custom quote from a reputable installer.
Rebates are limited. If you snooze, you’ll lose!
- Line up your installation now because rebates may run out.
- Once the full rebate amount has been paid out, they’re gone!
- Both residential and commercial solar installations are eligible.
- Rebates are $.25/watt. Most residential installations will save $2,000 or more, in addition to the 30% federal tax credit.
- KCP&L, Ameren and Empire Electric Missouri customers are (or were) eligible for the rebates.
How to apply for Missouri solar rebates.
- Make sure you qualify.
- Your installation must be in Missouri.
- You must own the property.
- You must be a customer of KCP&L (Kansas City Power and Light), Ameren or Empire Electric.
- Be sure your property is solar-compatible.
- Request an evaluation of your home’s solar compatibility. You can request a free, no-obligation proposal to evaluate your energy needs and available roof space. Your proposal should include all the information you need to determine if solar is a smart financial decision for you.
- Time it just right.
- Participating electric companies are handling the rebates different ways, and may have different application windows. It’s important to meet the requirements, or you may miss out on the opportunity.
- A good solar installer will know your local electric company’s requirements, and carefully time your installation and application, or you might miss the window.
- Get in line now. Installing solar involves many steps which can take time. Your solar installer will need time to process applications and permits. Your property may require tree trimming, structural reinforcements to protect your home from the excess weight, and you’ll want time to review the design of the layout We recommend beginning plans for your solar installation now.
- Work with an expert. Make sure to choose a reputable company with the experience and knowledge to guide you through the installation process. Be sure to review warranties, and understand the long-term financial benefits of solar. Here are some tips for choosing a reputable solar company.