✅ Federal Incentives
All federal benefits apply to entities in Missouri.
✅ State Incentives
⚡ Property Tax Exemption
Missouri offers a property tax exemption for the added value of solar energy systems. Installing a solar system will not increase your property's assessed value for tax purposes.
⚡ Net Metering
Missouri law requires investor-owned utilities to offer net metering for systems up to 100 kW. Homeowners can receive credits for excess electricity generated by their solar panels, which can offset future electricity bills. (LINK)
⚡ PACE Financing
The Property Assessed Clean Energy (PACE) program provides low-interest loans for solar installations. These loans are repaid through an assessment added to the property tax bill. Programs like Show Me PACE and Set the PACE St. Louis are notable PACE programs in Missouri. (LINK)
✅ Utility Incentives
Utility-based incentives in Missouri vary by provider. Some utilities may offer rebates or incentives for solar installations. It's advisable to contact your local utility provider to inquire about available programs.
✅ Additional Considerations for Nonprofits
Under the Inflation Reduction Act (IRA) of 2022, tax-exempt organizations such as nonprofits are now eligible to receive a direct payment equal to 30% of their solar installation cost, effectively mirroring the federal Investment Tax Credit (ITC). This provision significantly enhances the financial benefits available to nonprofits investing in solar energy.
Summary
Missouri offers a combination of federal incentives, state tax exemptions, net metering, and utility-level incentives to make solar energy a viable and beneficial investment for individuals, businesses, and nonprofits.