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Solar Tax Credits, Incentives and Solar Rebates in Missouri
Latest Update:by Simone Garneau
|State Capital||Jefferson City|
|Solar Value Index||$808|
|Solar Energy Produced||7,220 kWh / year|
|Average retail electricity price (as of December 2017)||11.19 cents / kWh|
|Average annual consumption per household (2015 data)||12,401 kWh|
|Levelized Cost of Solar Electricity||7.76 cents / kWh|
|Reached grid parity?||Yes|
The Show Me State runs on fossil fuels: nearly 85% of the state's electricity generation is fueled by coal. The rest is produced using a mix of nuclear, natural gas and very small amounts of renewable energy. However, these stats don't tell the whole story. There is hope for renewable energy in Missouri in the form of a Renewable Portfolio Standard that sets a 15% target of renewables in the state's electricity mix by 2021. Even better, a portion of this target is reserved for solar PV systems.
At 11.19 cents/ kWh, the electricity prices in the state are below the national average of 12.81 cents / kWh. When it comes to average electricity consumption per household, residents of this state consume 12,401 kWh per year, above the national average of 10,836 kWh.
Missouri is a grid parity state, making solar power cheaper than the residential utility rates. Especially when used in combination with the 30% federal solar tax credit, the incentives listed below can significantly reduce the cost of installation of solar panels for your home or business.
- Columbia Water & Light - Solar Rebates
- Empire District Electric - Solar PV Rebates
- Energy Loan Program
- Kansas City Power & Light - Solar PV Rebates
- Local Option - Clean Energy Development Boards
- Missouri Clean Energy District
- Set the PACE St. Louis
- Show Me PACE
- Solar Property Tax Exemption
- City of Columbia - Renewable Portfolio Standard
- City of Kansas City - Green Building Policy for Municipal Buildings
- City of Kansas City - Solar Easements and Geothermal Access
- Energy Standards for Public Buildings
- Interconnection Guidelines
- Net Metering
- Renewable Energy Standard
- Solar Easements & Rights Laws
- Average electricity consumption data is from the U.S. Energy Information Administration.
- Average retail electricity price is from the Electric Power Monthly report of the U.S. Energy Information Administration.
- Solar Value Index is based on the analysis performed using our own solar energy calculator, Sunmetrix Discover.
- The estimated lifetime of solar panels is 25 years for the purposes of calculating the Levelized Cost of Electricity (LCOE).
- State incentives list is compiled from the Database of State Incentives for Renewables and Efficiency maintained by the N.C. State University.
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