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As a homeowner in Missouri, you may have questions about the costs and savings of solar energy. Here we guide you through available incentives, financial options, and solar costs. If you have further questions about Missouri solar incentives, reach out to our friendly residential solar installers! We’d be happy to help you.

Incentives & Financing Make Solar Affordable

With the cost of solar panels and solar energy technology steadily decreasing over the years, going solar has never been more affordable—and that’s on top of immediate energy bill savings and incentives that can significantly reduce your project costs by up to 30%. Solar can also increase your home value.  

Though some homeowners prefer to pay cash in full, not everyone can pay upfront for a home energy system. Fortunately, Missouri solar incentives & financing options are available to homeowners, such as solar loans. 

Save up to 30% with
Missouri Solar Incentives

Discover Missouri solar incentives to help make solar more affordable for you.

Federal Incentives

30% Federal Tax Credit

In August 2022, the Inflation Reduction Act became law. In it are provisions to support solar growth by increasing and extending this federal tax incentive for 10 years! Receive 30% of the full system cost back as a credit against your total tax liability for the year your system was installed. This tax credit is 30% for systems ‘placed in service’ between January 1, 2022 and December 31, 2032.

With the passage of the Inflation Reduction Act in 2022, non-profit organizations and government entities can now take advantage of this incentive through Direct Pay. 

The tax credit is non-refundable and requires that you have the tax appetite to be eligible. It can be carried over for 1 year. The home must be owned by the taxpayer but they don’t have to be the resident. For example, this can work if you rent your home or if you have a vacation home. Consult your tax professional to find out how this credit can work best for you.

Missouri Solar Incentives:
 Solar Loan Options

A solar loan allows you to purchase a home solar system and pay it off over time. The types of solar loans include:

Comparing Your Missouri Solar Incentives

Here are some final notes on the different solar financing options available for Missouri homeowners:

Tax incentives – With a solar loan, unlike with solar leasing, you own the solar panel system outright and you may be able to take advantage of tax incentives.

Maintenance and repairs – With a loan, you own the solar panel system and you will have to pay for maintenance and repairs yourself. 

Long-term savings – When you purchase a solar energy system through a solar loan, the system will eventually be paid off. After that point, you are generating free electricity for your home without having to make monthly payments, giving you greater long-term savings than systems covered by solar leases.

Selling your home – If you want to sell your home, solar leases can be passed onto the home’s next owner.

How Much Does Solar Cost?

Our Project Developers customize pricing for each solar array construction based on three elements:

  • Modules, inverters, batteries, and other system components you may prefer
  • Layout of the array, and whether it is a ground-mounted or roof-mounted system
  • The electrical alterations needed for the home to integrate solar

The good news is the cost of going solar has come down 80% in the last decade, and it is affordable for the average working family.

Projects typically require little money down with financing, or range from $20,000-$60,000 before incentives.

We can estimate your pricing, including incentives and energy bill savings, with some information about your home and electric bill. Reach out for an estimate to get started.

Why Choose
StraightUp Solar?

It’s important to research all available solar financing options and get quotes to compare interest rates and fees. Taking out a solar loan can give you the best savings in the long term and you can take advantage of solar incentives and rebates. What you choose to value the most is, of course, up to you!

As always, the solar experts at StraightUp Solar can answer any questions you may have and provide you with all of the information you need to make an educated decision about going solar.

StraightUp Solar was founded and is under the same owner since 2006, a track record few other local companies can match. Our team of solar experts lives and works in the local communities we serve, bringing 2,800 solar projects to light for our neighbors. With a full-time Service Team, we’ll be around to care for your system for years to come.

Take Advantage of Missouri Solar Incentives

Make an informed solar decision with a free, no-obligation quote that includes: your custom system design, eligible incentives, utility bill savings, payment options, & more. 

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