Are solar panels worth it in Missouri? As a leading provider of solar panel technology, ADT Solar is often asked whether or not solar panels are worth it in Missouri. The answer is a resounding yes! Not only do solar panels provide clean, renewable energy, but they also offer a number of incentives for homeowners in Missouri. Keep reading to learn more.
Is solar worth it in Missouri?
If you’re considering going solar, you’re not alone. More and more people are turning to solar panels to reduce their energy bills, decrease their carbon footprint and take control of their energy usage. And with good reason. Solar panels offer numerous benefits, both for the individual homeowner and for society as a whole.
With enough solar installed to power over 46,000 homes, solar is picking up speed, but still has a lot in store for the Show-Me State. That means there’s an amazing opportunity for trendsetting homeowners who want to pave the way for solar energy in Missouri.
According to the Solar Energy Industries Association, Missouri has invested $1.1 billion in solar. This Midwestern state is expected to see a massive expansion of their solar energy generation by 2,027 megawatts (MW) over the next five years.
Still wondering if solar is worth it for your Missouri home? Continue reading to learn more and make that decision for yourself.
Benefits of solar panels in Missouri
Solar panels are a smart choice for anyone looking to save money, protect the environment and take control of their energy usage. We think it’s a win-win. So why not go solar today? With ADT Solar, you can get started with a free consultation and personalized quote, and begin enjoying the benefits of solar panels for yourself.
Or, we’ll give you another hand with some of this heavy lifting. Here’s a bit of information about why homeowners are choosing to go solar every day:
- An abundance of sunshine
- Rising electricity bills
- Solar incentives
- Lower carbon footprint
Let’s delve into this more and you’ll find out just how worth it solar panels in Missouri are.
1. An abundance of sunshine
The amount of sunshine an area receives is a major factor in the effectiveness of solar panels. Good thing Missouri has about 206 sunny days per year. (1) Solar panels work by converting sunlight into electricity — the more sunlight they receive, the more electricity they can generate. In general, solar panels are most effective in areas that receive a lot of direct sunlight, such as deserts and other sunny regions. Luckily, Missouri ranks in the top half of all US states for average peak sun hours, with almost five peak hours of sunlight per day.
However, even in areas with less consistent sunshine, solar panels could still be a cost-effective and environmentally friendly source of energy. The key is to ensure that the solar panels are properly sized and installed to maximize their exposure to sunlight.
One of our knowledgeable Solar Energy Specialists would be happy to assess how well solar panels could work for your roof. For more information, get a crash course with us on how solar panels work.
2. Rising electricity bills
One major perk of solar energy is the chance to generate your own power. By producing your own electricity, it’s possible to reduce your reliance on the grid. This could be great for your budget and contribute to a healthier planet (more on that later).
In Missouri, the electricity rate is about 14.14 cents per kWh (kilowatt-hour). (2) While that’s still below the U.S. average of 15.98 cents per kW, it’s not good news for your home state. The electricity rates in Missouri have risen over 8% since 2021 across all sectors.
It’s thanks, in large part, to how we generate electricity. Natural gas and other fossil fuels are used in the U.S. to generate 61% of our electricity. (3) These non-renewables have become very pricey in recent years and the cost of wholesale natural gas is steadily climbing. (4) Your increasing utility bills are reflecting that. Solar could be a way to offset these costs and put some savings back into your pocket.*
Learn more by checking out our blog on the rising cost of electricity for more information.
3. Solar incentives
Are solar panels worth it in Missouri? Let’s throw some gold coins on the scales and talk about solar incentives. When you choose to go solar, incentives sweeten the deal. Here’s a look at a few big ones:
Missouri net metering
A good way to get the most out of your solar panels in Missouri is through net metering. Net metering will allow you to receive credits on your bill for unused electricity.* In this way, solar panels can put the power back in your hands! You can monitor your energy consumption and take the guesswork out of your electric bill. Currently, it is required for all Missouri utility companies to offer net metering to their customers for systems up to 100kW in size. Contact your local utility provider to find out more about the specific details of their program.
Solar rebates in Missouri
In addition to net metering, your utility company might also offer solar rebates. Through these programs, an electric company gives rebates per kW capacity or per watt generated for eligible solar panel systems.** It’s worth checking with the state government or a local solar energy provider to learn more about specific incentives available in your area. Or, contact us for a free consultation and we’ll tell you all the incentives you can take advantage of.
Federal tax incentive
Also known as the federal solar tax credit, the investment tax credit (ITC) gives qualified homeowners with solar panels a credit on their federal taxes. (5) If your system is eligible, you’ll get to claim a tax credit for 30% of the cost of a solar energy system towards your federal taxes.1
Learn more about this incentive and others by speaking with one of our Solar Energy Specialists.
4. Lower carbon footprint
Solar panels also offer a number of environmental benefits. By generating clean, renewable energy, solar panels help reduce our dependence on fossil fuels and contribute to a healthier planet.
While we can’t rid the world of all pollution, we can all do our part in tackling harmful emissions. Solar panels means clean energy will power your home. IIt also doesn’t hurt that solar panels require little to no maintenance, making them a low-impact and sustainable energy source.
Are solar panels worth it in Missouri?
At ADT Solar, we believe that solar panels are a smart investment for homeowners in Missouri. Not only do they offer a number of financial and environmental benefits, but they can also increase the value of your home and provide a secure, sustainable source of energy. If you’re considering going solar, don’t hesitate to contact us to learn more about how solar panels can benefit you and your community.
Find out where your home stands and all of the benefits solar could bring your way. What are you waiting for? Contact us today!
Frequently Asked Questions
The cost of going solar depends greatly on the specific factors that govern a home’s unique energy usage. However, prices have fallen 52% over the last 10 years. (6) Currently, the average cost of solar panels in Missouri is $2.74 per watt. (7) Eligible homeowners can also claim the 30% federal solar tax credit and contact a Solar Energy Specialist to find out about other incentives available in your area.
Solar panels can increase your home’s value as much as 6% if the solar systems are purchased by the homeowner. The amount of increased value will depend on the location of your home and the value of similar homes that also have solar panel systems. You can find out more information from our blog on home value and solar panels.
While Missouri doesn’t offer a solar tax credit, some solar energy systems qualify for the 30% federal solar tax credit. This incentive could allow eligible residences to claim a tax credit for 30% of the cost of a solar energy system toward their federal taxes.