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 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.
What Solar Incentives Are Available to Independence Homeowners?
Missouri homeowners who go solar could qualify for rebates, tax credits, reimbursements and special financing. Here are just a few of the area's incentive offerings.
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
Choosing a company is the first step toward a well-oiled and valuable solar energy system. Make your choice based on the following crucial aspects.
Licensing and Training
In Missouri, cities and counties have the right to issue contracting licenses. However, all contractors must register with the Missouri Secretary of State. Solar installers can also earn certificates from trade groups and standards organizations. The most respected ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
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. Polycrystalline panels produce less power, but start at a more budget-friendly price point. 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.
If you need to charge an electric car or use your solar power in cloudy weather, you can pay extra for accessories. By selecting the right components, you can make your system more efficient and convenient to use. Not every solar contractor offers these additional features, so look for a provider that installs them if it's a priority for you.
Most Independence homeowners opt for solar systems rated for five kilowatts (kW) of electrical capacity. These systems run about $16,850 to set up, considering both materials and labor. You can see more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Independence
There are many ways to pay for a solar energy system, and the right one will minimize your overhead. A few of the most common options include loans, power purchase agreements (PPAs), cash payments, and leases. Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a car or home loan, you'll pay a set monthly rate with as little as $0 down. Solar leases let you use 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. Ask each company you're vetting about the payment plans it offers. A salesperson can help you determine the optimal option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Independence.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own rebates and financing plans that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Independence
How much money could I save by going solar in Independence?
Is solar energy common in Independence?
Will solar panels raise my Independence home value?
What is the average payback period for Independence solar panels?
What upkeep do my solar panels need, and how frequently do they need it?
What size should my new Independence solar system be?
How can I maximize my solar array's 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 the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Not being straightforward about cost, references, warranties and training and credentials
- Inflexible options
- Superficial, rushed site evaluation
- No business filing with your local secretary of state
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