What Should You Pay For Solar In Missouri?

Find Out For Your Home Based On Recent Installations In Your ZIP

Solar power in Missouri

Last fact checked on June 24, 2019 by Catherine Lane

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.

 

Estimate your solar savings

 

Solar power in Missouri

Missouri solar power facts

$3.56
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

12 Years 10 Months

Average payback time

$28,744

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

17¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

15,000
kWh

Annual power production

Cash flow graph based on cash purchase of a 11.61kW system

This 11.61kW system would offset 100% of your energy usage if your typical monthly bill in Missouri is $120, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in Missouri that provide pricing through the Solar-Estimate marketplace

6


Best solar offers currently available in your city


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in Missouri

How much do solar panels cost in Missouri

$3.56 per watt

Cash purchased solar system
Before 30% solar tax credit

$3.93 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home 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. 

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

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. 


Enter your details to calculate the potential costs and savings you can get from installing solar panels for your home.

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Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in Missouri

Solar panels produce different amounts of energy in different locations.

Around the Jefferson City area solar panels installed on a south facing 30 degree pitch roof will typically produce:

1,366kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What incentives, rebates, and tax credits are available in Missouri?

Net metering in Missouri

Missouri requires all utilities to offer net metering to their solar customers. This means you will receive credit for any excess energy your system produces and sends to the grid. However, the policy only requires excess generation to be credited at a minimum of the utility’s avoided cost rate, not the retail rate. The avoided cost rate is usually much cheaper than the retail rate, meaning you get less money for the energy you produce. 

 


 

Utility rebates

Missouri Senate Bill 564 (2018) requires utilities to offer their customers rebates for installing solar systems. Utilities like Empire District Electric, Ameren Missouri, and Kansas City Power and Light offer a rebate of $0.25 per Watt installed. These rebates end in 2023. 

 


 

Property tax exemption

Missouri offers a property tax exemption mandating that 100% of the assessed value of your solar system is exempt from your property taxes. 

Missouri Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in Missouri we have a solar calculator that can show you exactly the information your require.

 

You can either use our full monthly solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.

 


 

What you can find out about installing solar panels in Missouri using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

Going solar in Missouri

Check out all of the ways energy providers of Missouri can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Property Tax Exemption State Property Tax Incentive
Find your local rebates and incentives

Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.