Missouri Solar Rebates and Incentives

Missouri Rebates and Incentives Summary

Missouri

Missouri has not historically shined as a solar state. It has traditionally lagged behind, ranking 23 in 2012 for installed solar capacity. But the state shot forward in 2013 with triple digit growth that continued into 2014.

Ranked 20th in the country for installed solar capacity at the end of 2013 and with just 78 solar companies in the state, Missouri is still a bit behind, but working to catch up.

A 3.2 megawatt solar installation in 2014 adds to the more than 257 percent increase in installed solar capacity the state saw in 2013.

Of course, solar advocates caution that the state needs to be attentive to its incentive programs. Utilities are legally required to provide solar rebates, but many have been failing to provide rebate throughout most of the last year.

By 2020, Missouri’s utilities are required to get 11 percent of their electricity from renewable sources.

In addition to rebates and net metering, Missouri offers personal tax deductions for homeowners and loans for schools and institutions.

Tax Deduction for Energy Efficiency Improvements

Program Type Personal Tax Deduction
Technologies

Specific technologies not specified, but includes energy audits and equipment installed on

the recommendation of these audits

Amount 100 percent, up to $1,000 per return, $2,000 total
Required Documentation Missouri Department of Revenue Form MO-HEA, available on website
Official Web Site http://energy.mo.gov/energy/consumers/assistance-programs/home-energy-audits-missouri-personal-income-tax-deduction

The Missouri Department of Revenue allows an income tax deduction for any energy efficiency improvements you make to your home.

This tax deduction has been extended through 2020 and allows Missouri residents to deduct the entire cost of any energy efficiency upgrades they make to their homes up to $1,000 a year for an individual or $2,000 a year for a married couple or family.

Energy Loan Program

Program Type State Loan Program
Technologies Many, including Photovoltaics and Passive Solar Heating
Amount Up to $1 million
Required Documentation Loan application available through the Missouri Department of Revenue
Official Web Site http://energy.mo.gov/energy

While homeowners cannot enjoy the loans available through this program, you can encourage your child’s school or your local government to apply for a loan through the Missouri Energy Loan Program.

The Missouri Department of Natural Resources offers loans of between $500 and $1.5 million to public institutions to install energy efficient and renewable energy equipment. These loans have a 2.5 percent interest rate, and a 1 percent loan origination fee. They could be a great way to make your community greener. The repayment schedule varies for each project, but must be within 10 years of the loan origination.

In 2014, there was $5 million available for the loans and there will be $7.5 million available for the loan program in 2015. Applications for the 2015 loans are due by Oct. 31, 2014.

Missouri Solar Power Financial Incentives

Financial Incentives


Corporate Tax Credit

Local Loan Program

PACE Financing

Performance-Based Incentive

Personal Deduction

Property Tax Incentive

Sales Tax Incentive

State Loan Program

Utility Loan Program

Utility Rebate Program



Rules, Regulations & Policies


Building Energy Code

Energy Efficiency Resource Standard

Energy Standards for Public Buildings

Interconnection

Net Metering

Renewables Portfolio Standard

Solar/Wind Access Policy

 



Related Programs & Initiatives


Alternative Fuels Data Center
The U.S. Department of Energy's Alternative Fuels Data Center (AFDC) provides information, data and tools to help fleets and other transportation decision-makers find ways to reduce petroleum consumption through the use of alternative and renewable fuels, advanced vehicles, and other fuel-saving measures.

Green Power Network
The U.S. Department of Energy's Green Power Network provides news and information on green power markets and activities, including opportunities to buy green power. This site provides state-by-state information on green power marketing and utility green power programs. In addition, the site lists marketers of renewable energy credits (RECs), also known as green tags or renewable energy certificates, which represent the environmental attributes of the power produced from renewable energy projects.

Weatherization Assistance Program
The U.S. Department of Energy's Weatherization Assistance Program (WAP) enables low-income families to reduce their energy bills by making their homes more energy-efficient. Through this program, weatherization service providers install energy-efficiency measures in the homes of qualifying homeowners free of charge. The WAP program web site offers a state-by-state map of opportunities, projects and activities.

Wind Powering America
The U.S. Department of Energy's Wind Powering America site provides state-by-state information on wind projects and activities, including wind working groups, validated wind maps, anemometer loan programs, small wind guides, state-specific news, wind for schools, workshops and web casts.

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