Want to lead Missouri's transition to solar energy?
From Missour-ah to Missour-ee everyone loves their Cardinals and is loving their solar energy. Boosted by some attractive local incentives Missourians are being provided a gateway to renewable energy production. As more residents in the Show Me state begin seeing the dramatic benefits of solar, the market continues its rapid expansion.
In addition to the 30% federal tax credit which can offset almost 1/3 of the cost of your solar system, some utilities in Missouri offer generous upfront rebates to reduce the cost of going solar. The value of solar incentives in Missouri can be worth thousands of dollars, and makes the economics of going solar a home run.
Our customers in Missouri have installed home solar panels for a variety of reasons: to help the local environment, to save money from Day 1, to gain independence from the utility companies, to show off their sweet new panels to their neighbors. All of them have taken advantage of one of Missouri's great natural resources: the sun.
With great utility incentives and on-bill savings, residents of the Show Me State who go solar will be yelling "Show Me the money."
Dividend Finance is licensed to lend in Missouri, and offers a maximum rate of 9.99% in that state.
Home Solar in Missouri Is More Affordable than Ever Before
- 30% Federal Tax Credit
- Upfront Rebates (Varies by Utility)
- Sell Your Extra Production with Net Metering
How Going Solar in Missouri Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
Home solar in Missouri has grown significantly since 2015 due to the introduction of solar incentives for some utility customers in the state. Aside from saving money on your electric bill, there are two other key incentives that help solar ownership in Missouri make sense: 1) the 30% federal tax credit and 2) the Missouri Solar Rebate for Empire District Electric customers.
First, the federal government offers a 30% tax credit which is available in all 50 states. This credit is applied to the federal taxes you pay each year, thereby lowering the net cost of your solar system, and has been extended to last until at least 2020. This credit is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal tax credit* – which can cover up to 30% of your system's cost – if you own your system directly (instead of leasing it or choosing a Power Purchase Agreement). With a Dividend Finance solar specific loan, you own your system and you get all of the economic benefits of going solar in Missouri.
Secondly, Empire offers an upfront rebate equal to $0.50/watt for homeowners who purchase their solar system. For an average-sized system, this rebate can be worth almost $4,000 which serves as a discount on the purchase price of your system.
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.
The combination of the 30% Federal Tax Credit, the Empire District Electric Rebate and the ability to offset the cost of electricity from your utility company make going solar in Missouri a home run (out of Busch Stadium).
When you begin to generate your own solar power, your utility bill can drop significantly. How much you can save will depend on the size of your solar system, your electricity usage, your current utility rates, and other factors. Our team and partners can design a system for you using remote assessment tools, and can present you with a system designed specifically for your home to give you a sense of your expected solar savings.
Working with the best solar installers in Missouri, Dividend Finance offers its customers a better, simpler way to go solar and reduce their utility bills.