Have you considered installing a solar system on your home, but are worried it’s too expensive?
The truth is, prices have dropped over 70% since 2006 and if you can afford to pay your monthly electric bill, you can afford a solar system for your home.
If you’d like more information about going solar, call us today at (855) 464-6786 to schedule your free consultation. Let us show you how easy and affordable going solar really is.
Federal Tax Credit. When you choose to purchase and install a solar system on your home or business, you automatically qualify for a 30% federal tax credit. This incentive is meant to help you offset your investment for going solar and can be claimed all at once or can be spread out over future years.
Empire Electric Solar Rebate. If you are a customer of Empire Electric, you can take advantage of a $0.50 per watt rebate up to $12,500 when you choose to purchase and install a solar system on your home. This means that if your system size is 10 kilowatts, Empire will give you $5,000 cash to help pay for it.
If you have a business and would like to install solar to either reduce or eliminate your electric bill, there are several resources you can take advantage of. Take a look at the following and see if your business can take advantage of these helpful resources.
Depreciation and Tax Credits. All businesses that choose to install a solar system on their facility will be able to depreciate the total cost of their system as a normal business expense over five years. This is in addition to the 30% federal tax credit they will automatically qualify for.
REAP Grants. The US Department of Agriculture also offers loan guarantees and up to 25% of the total cost to go solar for agricultural producers and small, rural businesses through their Rural Energy for America Program (REAP). Most businesses located outside of metro areas are candidates. Check the USDA website to see if you qualify.
PACE. The state of Missouri offers the Property Assessed Clean Energy program (PACE) that allows businesses in participating areas to finance the cost of their system for up to 20 years with repayment added to each year’s property tax. However, participants must be in a city or county that has agreed to participate in PACE. Be sure to check their website to see if your area qualifies.
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