Missouri Incentives
Solar and Wind Power Incentives for Missouri Residents
Below are a list of wind and solar energy incentives available to Missouri residents.The experts at Santa Fe Wind & Solar can explain all of the incentives you and help you determine which ones you qualify for when installing your renewable energy system.
PACE Financing Program
Property-Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for energy improvements. The amount borrowed is typically repaid via a special assessment on the property over a period of years. Missouri has authorized certain local governments to establish such programs, as described below.
In July 2010 the Missouri legislature enacted the “Property Assessed Clean Energy Act”. The act allows municipalities (county, city, or incorporated town or village) to create “clean energy development boards”, which in turn are permitted to develop local PACE programs to finance energy efficiency improvements or renewable energy improvements. A clean energy development board may be created by an individual municipality or by multiple municipalities working together. The enabling legislation also permits the Missouri Environmental Improvement and Energy Resources Authority (EIERA), the financing arm of the Missouri Department of Natural Resources (DNR), to develop administrative rules to implement and guide local programs.
Learn more about the PACE Financing Program
Kansas City Power & Light - Solar Photovoltaic Rebates
Kansas City Power and Light (KCP&L) offers rebates to its customers for the installation of net metered photovoltaic (PV) systems on their properties. The program is available to all of KCP&L’s Missouri retail customers on generally available residential, commercial, and industrial rate schedules. The rebate is set at $2.00 per watt with a maximum rebate of $50,000. Although the program guidelines and application do not list a firm maximum system capacity, the requirement that the system be net metered implicitly limits system size to 100 kilowatts (kW), the maximum size allowed under Missouri’s net metering rules. Only systems that receive pre-approval from the utility and become operational after the opening date of the program (January 1, 2010) are eligible for incentives.
Learn more about the KCP&L Solar Photovoltaic Rebates
Missouri Net Metering
Missouri enacted legislation in June 2007 (S.B. 54)* requiring all electric utilities—investor-owned utilities, municipal utilities and electric cooperatives—to offer net metering to customers with systems up to 100 kilowatts (kW) in capacity that generate electricity using wind energy, solar-thermal energy, hydroelectric energy, photovoltaics (PV), fuel cells using hydrogen produced by one of the aforementioned resources, and other sources of energy certified as renewable by the Missouri Department of Natural Resources.
Learn more about Missouri Net Metering
Renewable Energy Grant For Business in Lieu of the Tax Credit
The new law also allows taxpayers eligible for the business ITC to receive a grant from the U.S. Treasury Department instead of taking the business ITC for new installations. The grant is only available to systems where construction begins prior to December 31, 2011. The Treasury Department issued Notice 2009-52 in June 2009, giving limited guidance on how to take the federal business ITC instead of the federal renewable electricity production tax credit.
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