Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Solar systems with battery backups operate through power outages and emergencies, and you won't have to depend on the grid for your safety and well-being.
- Reduced energy costs: Sourcing some or all of your own power will spend less on electricity long-term.
- Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
What Solar Incentives Are Available to Independence Homeowners?
Governments and power companies often reward homeowners for embracing solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Rebate ProgramWebsite: powermoves.com
Dual Fuel Heat Pump: $500
Variable Speed Pool Pump: $250
Air-Source Heat Pump: $250 - $750
Geothermal Heat Pump: $1,500
Heat Pump Water Heater: $400/unit
HVAC: Varies depending on ZIP code. See program website
Incentive Type: Rebate ProgramWebsite: central.libertyutilities.com
$0.25 per watt for systems operational between July 1, 2019, and December 31, 2023
Incentive Type: Property Tax Incentive
Incentive Type: Rebate ProgramWebsite: ameren.com
Air-Source Heat Pump: $500-$900
Ductless Air-Source Heat Pump: $300-$500
Dual Fuel Heat Pump: $175-$200
Ground Source Heat Pump: $800-$2,000
Central Air Conditioner: $300-$500
Electronically Commutated Motor (ECM): $50-$100
Air Conditioner/Heat Pump Tune-Up: $75
Incentive Type: Rebate ProgramWebsite: pcec.coop
Business Lighting Improvements: Up to $30,000 or 40%
Room Air Conditioners: $50
Geothermal Heat Pump: $750/ton new installation; $150/ton for replacement
Dual Fuel Heat Pump: $150/ton
Mini Split Heat Pump: $150/ton
Incentive Type: PACE Financing
Financing contracts limited to 20 years or less; improvements must display a positive economic benefit over the life of the contract.
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Independence
The more comprehensive your provider search is, the better your solar system will ultimately operate. Consider each of these aspects in your company search.
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.
You can also add battery backups and electric vehicle (EV) chargers. By choosing the right ones, you can make your system more efficient and convenient to use. Not all solar contractors offer these extras, so look for a contractor that has them if it's crucial for you.
Licensing and Training
In Missouri, it's the responsibility of counties and cities issue contracting licenses. However, all contractors must register with the Missouri Secretary of State. You should also visit a company's website to learn about its private credentials. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Choosing the correct financing option will impact your overall solar system cost and possible savings. A few of the most common options include leases, loans, power purchase agreements (PPAs), and cash payments. We suggest making a cash payment or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you'll pay the least long-term by avoiding interest. You'll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another good option if you don't want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you'll pay more in total due to accruing interest. Solar leases allow you to rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a company that offers multiple financing options. Talk to each agent about what's available, and get more than one estimate for the best odds of keeping within your spending limits.
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Frequently Asked Questions About Solar in Independence
How much money could I save by going solar in Independence?
Is solar energy widely available in Independence?
Will a solar PV system improve my Independence home value?
How many years does a typical solar system last?
How long does the solar panel installation process take?
What care do my solar panels need, and how frequently do they need it?
How can I maximize my solar panels' performance?
- regularly clean your solar panels ,
- optimize the panels' position with your solar installer ,
- use energy-efficient appliances ,
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Not being straightforward about the crew's credentials and training, cost, references and warranties
- Inflexible options
- Superficial, rushed site evaluation
- More mixed or negative reviews than positive ones