April 2018 | Shine Solar

Month: April 2018

 

Your Guide to 2018 Missouri Solar Rebates

Are you ready for the future? The price of solar power has decreased by 80% in the last decade and experts report that it will continue to decrease. As solar technology improves, more homes and businesses are making the switch to renewable energy. More than 1 million American homeowners and business owners have installed solar energy systems. Missouri solar power is expected to increase in the next several years. Solar power is a renewable source of energy and is used to heat and cool homes or businesses. It can increase the asking price of a home by more than $10,000 and is a project with a good return. If you’re looking to reduce your carbon footprint, you should look into the potential of solar power. Missouri solar power users should be aware of several rebates from the state and the federal government. Read on to learn about them.

Federal Investment Tax Credit

Missouri solar power users who buy solar panels directly or take out a loan are eligible for a 30% installation tax credit from the federal government. Typically, solar power installations run from about $10,000 to $20,000 with an option to buy after 10 years of payments. If you get the Missouri solar power users discount, you will save up to $6,000 in the first year. Experts report that the value of your home will increase by more than $15,000 over the course of 10 years. You should also wind up with more than $8,000 in profit because your solar power system will generate more electricity than your home will use.

Business Energy Investment Tax Credit

In addition to residential rebates, the federal government offers credits to commercial and industrial properties. If you invest in a solar system that generates electricity to heat or cool your business, you could receive up to a 30% credit. This commercial tax credit also applies to wind generators, microturbines, and hybrid solar systems. It does not cover passive solar systems, so make sure you talk to your installer and get the right kind of system. Hybrid solar systems use the sun’s energy to provide light to a business or industrial complex. They use fiber optic “distributed” sunlight and are often combined with heating and cooling solar systems.

Columbia Water & Light Solar Rebate

As long as your Missouri solar power system meets Renewable Portfolio Standards, you could be eligible for a rebate from Columbia Water & Light. When your solar installation generates a surplus of electricity, Columbia Water & Light will reward its customers with up to $5,000 for 10 kilowatts of electricity. They pay $500 per kilowatt that is returned to the power grid and encourage their customers to “go solar.” One of the best things about new solar panel systems is that they look just like roofing tiles. You don’t have to worry about installing solar panels that are bulky eyesores and you don’t have to worry about ruining the look of your home or business.

Empire District Electric Solar Rebate

Missouri solar system homeowners who are customers of Empire District Electric will receive a rebate up to $0.50 per watt for system installation. The company is currently accepting rebate applications on a first-come, first-served basis. Customers must have a permanent solar installation that uses new equipment. The warranty on the solar panels must be for at least 10 years, and the customer must have an active account with Empire District Electric. As long as the homeowner or business owner meets these requirements, they are eligible for rebates. They can receive up to $2 per excess watt that gets uploaded back into the power grid.

Kansas City Power & Light Solar Rebate

Active customers who install Missouri solar panel systems can apply for a rebate of up to $0.50 per watt of solar power that gets installed on their home or business. An average solar power system requires between 25 and 35 panels and produces at least 900 kilowatts per month. A 30-panel system that produces 250 kilowatts per panel would be a 7,500-kilowatt system, eligible for up to $3,750 in rebates. As long as you have a net metered solar panel installation, you would be eligible for a rebate on any excess power produced. Kansas City Power & Light wants customers to know that customer rebates will vary depending on their application date. Check with them to determine eligibility and to see updates.

Benefits of Missouri Solar Power

When you start to consider installing solar power, you have to realize that it’s a major step toward reducing your carbon footprint. Solar power is sustainable, clean energy that has been harnessed for over a century. Home and business owners who invest in solar power are typically breaking even within five to eight years. They are also seeing savings of more than $20,000 over the course of 20 years. Recent studies show that switching to solar power on a large scale could save more than 50,000 lives every year. Asthma and heart congestion due to pollution is a big killer in larger cities around the world. When you switch to solar power, you’re making a contribution to clean air and fresh water. You’re investing in a system that will pay for itself in the long term and generate rebates from state and federal agencies.

Schedule a Free Solar Analysis with Shine Solar

We’re committed to helping home and business owners install solar systems, and we offer a free solar analysis. We’ll look at your property and see how much sunlight your roof gets every day. We’ll walk you through financing options and get more information about your monthly heating and cooling costs. Shine Solar will not charge you before your solar system is installed. We offer 12-year workmanship guarantees and lifetime system monitoring. When you decide to upgrade your solar panel system, we will buy the original panels back at a rate of 50%. We also offer free re-installation if you replace your room within the first five years of owning our Missouri solar equipment. Drop us a line to learn more about solar panels. We welcome new customers and are looking forward to meeting with you in person. We serve Northwest Arkansas, Southwest Missouri, and Kansas City, Missouri.

Solar Power is Rising in Arkansas! Here’s Why You Should Get Solar Power for Your Home

Renewable energy is one of the hottest topics of conversation today, and that’s because it impacts every one of us. Between environmental concerns, the cost of energy, and a large number of people employed in the energy industry, these issues touch each of our lives. The most well-known type of renewable energy is solar energy, and yet relatively few people are using it. It all comes down to learning about your energy options, and that’s as true here in Arkansas as it is nationwide. If you’re thinking about installing solar panels in Arkansas, here are the advantages you should keep in mind:

Benefits of Solar Panels in Arkansas

Solar energy holds many benefits for residential homes, and now is the perfect time to jump in. Here’s why:

Falling Prices

Arguably the biggest myth about solar energy is that the panels are impractically expensive. As with any new technology, this was true back in the earlier days of solar energy. But as solar panels in Arkansas have become more popular, the price has dropped significantly. In fact, the prices in Arkansas specifically have decreased by 55% in the past five years according to the Solar Energy Industries Association. Like any product, there’s no guarantee that solar panels will stay at their existing price, so it’s wise to buy them while the price is low.

Real Estate Value Increase

Unless you’re in an area with a particularly thriving real estate market, it takes work and consistent upgrades to keep your home’s value high. One great way to do that is with solar panels. It’s well-known that solar panels are an investment in lower energy bills for years to come, and homebuyers know that. They also know that you’ve already done the expensive part of the process (installing the panels) and that solar panels often last 20 years or more. What better way to make your home attractive than to give it a built-in investment toward lower energy costs?

Sunlight Availability

There’s no doubt that solar energy is more practical for some areas than it is for others. For instance, people in Alaska may not get enough daily sunlight (especially in winter) for solar panels to be a worthwhile investment. Solar panels in Arkansas, however, get plenty of sunlight. According to the NASA Atmospheric Science Data Center, we get over 4.8 peak sun-hours per day, which is in the respectable average range. The idea of solar energy makes some homeowners nervous because they worry that if they don’t get enough sunlight, they’ll lose power. But with modern solar energy, each home is still on the standard energy grid, so your power company will supply any additional energy you need. Still, that won’t often be an issue with the amount of sunlight we have available.

Supporting and Growing Local Jobs

There’s been a growing movement throughout the nation to support our local businesses, and Arkansas is no exception. When you install and use solar panels in Arkansas, you’ll support local jobs for professionals and technicians who sell, install, and maintain these panels. As you help the industry to grow, you’ll even help create new jobs throughout your community.

Rising Energy Rates

The largest (and most obvious) advantage of solar panels is reduced dependence on more expensive forms of energy. Unfortunately for residents who don’t use solar panels, the US Energy Information Administration found that energy rates increased over 2% in just one year. That isn’t due to an increase in energy usage; it’s the cost per kilowatt hour. While Arkansas didn’t have the worst increase in the country, it’s certainly not a trend that you want to stay on board for throughout the storm. There’s no indication that energy costs will go back down, so now is a good time to start looking for alternatives.

Net Metering

Did you know every state has their own system in place for how solar energy users relate to the central power grid? In Arkansas, we have a system called net metering which can bring great financial benefits to solar users. If you have solar panels in Arkansas, any extra energy you accumulate and don’t use can go into the central power grid. But here’s the beautiful part – the power company will then pay you for that energy. In other words, solar users in Arkansas don’t just have the potential for $0 energy bills – they can actually collect money instead.

Federal Tax Credit

Like any other investment, solar energy requires an initial investment which you can make up for (and then some) later in energy savings and net metering profits. But thanks to a federal incentive program, that initial cost is dramatically lower than it looks. The Residential Renewable Energy Tax Credit is a program that gives homeowners who install solar panels a tax credit (even better than a tax deduction) for 30% of the cost of the system. It’s essentially a 30% rebate in your pocket. However, you should know that a new budget passed in February 2018 that will gradually decrease this rebate over the next four years. To get the full 30% credit, your system needs to be in service before the end of 2019.

Financing is Available

As we mentioned earlier, the initial cost is usually the biggest hurdle for homeowners. But did you know you don’t have to save up that lump sum all at once? There are many ways to finance your solar panels in Arkansas. Solar loans, for instance, are a popular option. Just as their name suggests, they’re loans that let you pay for your solar system over time so it’s better balanced with the savings you’re getting along the way. It just takes a bit of homework to find out what options you have available.

The Next Step Toward Installing Solar Panels in Arkansas

Now that you’re armed with knowledge, it’s time to get more in-depth information. Your solar panel options and financial choices will depend on your specific location (along with a number of other factors). To take the next step, contact a solar energy expert in your area to find out if solar panels are an option for your home.