Solar Power in Missouri
With many of the major state utility rebates set to expire in 2023 and the federal tax credit coming to an end in 2021, the best time to go solar in Missouri is now!
The state’s renewable portfolio standard is also coming to a close in 2021, meaning that the value of renewable energy credits will also start to decrease. The longer you wait to go solar in Missouri, the fewer savings you will receive in order to make solar a worthwhile investment.
Missouri Solar Power Facts
$2.62 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 11 Years 3 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $34,210 over your lifetime.
5¢ kWh
This is the levelized cost of solar energy.
17¢ kWh
This is the levelized cost of energy without solar panels.
15,000 kWh
Annual power production of home solar panels.
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How much do solar panels cost in Missouri?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in Missouri?
The advantage of installing solar panels on your home in Missouri is that many utilities offer rebates for installing solar systems. Also, state policy mandates that utility companies must offer net metering to their customers.
The disadvantage of installing solar panels in Missouri is that net metering only has to be offered to customers at the avoided cost of electricity. This means that your utility has the ability to reimburse you for less than the retail rate of electricity for each excess kilowatt hour (kWh) of energy you send to the grid. Also, if you want to take advantage of utility rebates, you often have to give your utility provider the rights to your renewable energy credits (RECs) for 10 years.