Rent Solar Panels Missouri

Missouri solar power incentives tax breaks and rebates.

Rent solar panels missouri.

Missouri has more than 200 sunny days per year for an average of 4 5 to 5 0 kilowatt hour per square meter per day according to the u s. The main practical distinction between buying and leasing a solar pv system is in ownership. According to the solar energy industries association seia in 2016 solar installations represented the largest source of new energy generating capacity in the united states beating out other green energy rivals like as natural gas and wind. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.

There are no state level tax credits for solar power in missouri but the 30 federal tax credit applies. Missouri s solar resources exceed that of germany which leads the world in solar energy production. To instead putting that money towards an asset that you will own. Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years.

If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years. Cash buying your solar electric system outright is best. Fortunately for homeowners in missouri the show me state ranks in the top half of all us states for average peak sun hours with almost 5 peak hours of sunlight per day.

Department of energy s national renewable energy laboratory s nrel solar maps. Missouri homeowners who add solar power can take advantage of federal and local incentives that make going solar in missouri more cost effective than ever. There is also a favorable net metering policy. Solar energy in america is on the rise.

As we stand today solar in kc now costs less than traditional monopoly corporation power which is why so many homeowners and businesses are making the switch from renting their electricity forever. Devoting 3 of missouri s land to solar farms would provide enough electricity for every household in missouri. It usually costs 15 000 to 20 000 after tax credits and can reduce your electricity bill by 70 to 100 percent depending on the size and. Missouri ranked 6th.

Missouri has the 6th lowest cost per watt for solar development optimal deployment of solar index 2010. The main incentives to switch to solar in missouri are the 500 kw rebate and the property tax exemption which ease up your cash flow during both pv system installation and ownership. Incentives for missouri homeowners include the exemption from property tax increases that result from installing solar panels. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than.