Benefits of Solar Energy
Solar energy comes with multiple perks. Let's look at a few of them.
- Better energy independence: Adding a solar battery storage system lets you have reliable energy during grid outages and storms.
- Reduced carbon footprint: Using clean solar power lowers your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lowered energy bills: You can dodge the expensive cost of grid-tied power by producing some electricity at home. Plus, many states offer net metering which can allow you to sell your unused energy back for credits on your bill.
What Solar Incentives Are Available to Independence Homeowners?
Governments and power companies often reward homeowners for embracing solar. Here are some of the rebates, tax credits or other programs you could qualify for.
Incentive Type: Rebate Program
Website: powermoves.comIncentive Amount:
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 Program
Website: central.libertyutilities.comIncentive Amount:
$0.25 per watt for systems operational between July 1, 2019, and December 31, 2023
Incentive Type: Property Tax Incentive
Incentive Amount:
100% exemption
Incentive Type: Rebate Program
Website: ameren.comIncentive Amount:
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 Program
Website: pcec.coopIncentive Amount:
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
Incentive Amount:
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 Credit
Website: ecowatch.comIncentive Amount:
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
Choosing a company is the first step toward an effective and valuable solar array. Consider all of these aspects in your contractor search.
Licensing and Training
In Missouri, it's purely up to cities and counties issue contracting licenses. However, all contractors must register with the Missouri Secretary of State. Look for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Independence
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
You can also add battery backups and electric vehicle (EV) chargers. These will increase your total installation cost, but they can enhance your solar system's performance. Not all solar providers provide these additional features, so look for a contractor that installs them if it's important for you.
You can expect to pay about $16,850 on average for a five-kilowatt solar energy system in Independence. Use the table in this section to get an idea of the amount Independence solar companies might quote for your specific solar system's price.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,139 |
Solar Polycrystalline | $888 |
Thin-Film | $519 |
Solar Battery | $729 |
Solar Home EV Charger | $2,733 |
Financing Solar Energy in Independence
There are many ways to pay for a solar energy system, and the right one will lower your costs. A few of the most common options include leases, cash payments, loans, and power purchase agreements (PPAs). Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Similar to an auto or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you won't own your system and are disqualified from solar incentives, but they might be suitable in certain circumstances. We recommend working with a provider that offers multiple financing options. Ask each agent about what's available, and acquire more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Independence.
A 26% federal solar tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through local governments, usually in the form of rebates and special financing programs.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.3 years |
2 kW | 4.5 years |
5 kW | 11.3 years |
10 kW | 22.7 years |
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Frequently Asked Questions About Solar in Independence
How much energy and money could I save per year by switching to solar?
How widespread is solar energy in Independence?
Will solar panels increase my Independence home value?
What care do my solar panels need, and how often do they need it?
What size should my new Independence solar system be?
How long does it take to pay back a solar loan in Independence?
How can I boost my solar panels' performance?
- optimize the panels' position with your solar installer
- regularly clean your solar panels
- upgrade to a more efficient inverter trim or cut down trees in the way of your panels
- use energy-efficient appliances
What are some "red flags" to watch for as I research companies?
- High-pressure sales tactics
- Being evasive about cost, warranties, training and credentials and references
- Inflexible options
- Superficial, rushed site evaluation
- Limited online information
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