FREQUENTLY ASKED QUESTIONS
There is a Federal Tax Credit for residential and commercial property owners that install solar pv systems that cover 26% of your total costs with no maximum credit. The taxpayer may claim this credit of qualified expenditures for a system that serves the taxpayer’s property.
In the state of Missouri, any taxpayer who paid a certified entity to complete a home energy audit or other efficiency improvements may take a tax deduction of $1,000 maximum per year per individual and $2,000 maximum for joint filing. A home energy audit must be performed before the implementation of any energy efficiency upgrades to be eligible for this tax deduction. Also, homeowners in Missouri are also encouraged to add solar energy systems to their homes with a 100% solar property tax exemption. Markets across the U.S. have noted solar energy adds 50% of the retail value of the system to the property’s value. Additionally, you will not pay a thing in taxes on all that added value! In addition, different statewide programs and utility company rebates may be in place at the time you are looking to install so ask us today if you qualify for any other incentives!
Please be sure to connect with us before your home goes on the market. We’ll help prepare your realtor to sell the value of solar, and once you’ve got a buyer we will assist in the transfer of ownership process through the equipment’s manufacturer(s). According to National Renewable Energy Laboratory (NREL), homes with solar panels sold 20% faster and for 17% more that homes without solar! So, remember: homes with solar panels are a very hot commodity and should be valued as such!