Are you wondering what kind of incentives and benefits you will receive if you invest in solar panels for your Missouri home? There are tons of benefits that come with installing solar panels, such as lowering your electric expenses and lowering your carbon footprint, but some of the incentives offered to homeowners and businesses in Missouri may surprise you.
Keep reading to learn more about some awesome Missouri solar initiatives you can benefit from. Think about these incentives when considering installing solar panels for your home or business.
1. Tax and Rebate Incentives
The government provides many tax incentives for those that wish to install solar panels for their residence or business. Tax credits will be provided for those that install and maintain solar energy systems for their structures. With tax credits as well as utility rebates, one can feel confident about installing solar energy systems without suffering financial risks.
You can receive a percentage of the cost of your solar energy installation back against your total taxes the year of the installation. You can also check to see if you are eligible for a cash rebate.
They are offered for a limited time, so it’s best to call your utility company to see if you qualify for a rebate. You can then call after the solar panel installation to request to collect your cash rebate.
2. Saving Programs
There are saving programs available to those who wish to go solar, whether it’s with their business or their home. You can do some research to see if you are eligible for a grant or loan that can help you cover the cost of solar equipment and installation. For example, the REAP Grant is specifically helpful for those that want to install solar energy in rural areas.
If you are hoping to install solar energy for your business, you can look into the PACE Loan. This loan can help you finance your total energy costs for up to twenty years.
3. Lower or Eliminate Your Electrical Expenses
One of the biggest incentives that Missouri businesses and homeowners have when it comes to installing solar energy is that you can cut your electrical bill while increasing your property value. This makes going solar a great return on investment, as it can pay off the installation costs over time. Additionally, when it comes time to sell your property, you will have made an investment that increases your home value.
Missouri Solar Incentives to Consider
When trying to decide on whether or not you should go solar for your home or business, make sure you consider the Missouri Solar Incentives above. Make sure to do some research to see what kind of tax, rebate, grants, or loans you may be eligible for that can help you finance solar energy equipment and installation. Additionally, keep in mind all of the ways solar energy can be a great return on investment.
Are you looking for a Missouri solar company you can trust? Contact us today to get started with a free solar quote.