DID YOU KNOW?
In addition to saving money, each kilowatt hour that your solar power system generates saves a pound of coal!
Solar Loan - Missouri Linked Deposit Loan
Low interest loan program through Missouri State Treasurer
- Loan savings usually 2-3%
- Up to five-year loan
- www.treasurer.mo.gov/LinkedDeposit
$500 Solar Water Heater Rebate - Missouri
ENERGY STAR qualified solar water heaters
- Additional savings with the 30% Federal Tax Credit
- Energize Missouri Appliance Rebate Program
- Solar Water Heater Savings
Federal Tax Credit
- 30% - no limit
- Grant program - may be taken instead of the tax credit for businesses
- Residential Renewable Energy Tax Credit
- Commercial Renewable Energy Tax Credit / Grant
Proposition C
- $2/watt rebate from utility
- Investor owned utilities (Ameren / KCP&L / Empire)
- Max: 25,000 watts = $50,000
- Proposition C - the Missouri Clean Energy Initiative
- www.renewmo.org
SRECs
- Tradable commodity = non-polluting value of 1000 kWh produced by solar electric systems
- SREC value not yet determined
- Utilities may purchase to comply with Renewables Portfolio Standard (RPS) set by Prop C
- SREC Paper for a further discussion of SRECs.
Commercial Tax Benefits
- Section 179 IRS Tax Code
- www.section179.org
- Rapid Depreciation - Allows businesses to rapidly depreciate solar projects over 5 years
Accounting for PV System Rebates
Discusses accounting for solar systems and the federal tax credit, rebates, and depreciation.
Disclaimer: StraightUp Solar, LLC recommends consulting an accountant regarding tax incentives. Information here is provided as a resource, but not tax advice.
We've had an excellent experience with StraightUp Solar. They are courteous and professional. They provide prompt and complete service. Dane and Joe take the time to educate us on the products and how they work. We recommend them with enthusiasm.
Brad Schlaggar / St. Louis, MO
