Are there any grants or incentives for commercial solar installations?

Are there any grants or incentives for commercial solar installations?

Yes, there are several grants and incentives available for commercial solar installations in Missouri. These include:

  • Federal Investment Tax Credit (ITC): The ITC provides a 30% tax credit for the total system cost, including installation. This can significantly reduce the upfront cost of your commercial solar project.
  • USDA Rural Energy for America Program (REAP): This program offers grants and loan guarantees to rural businesses for renewable energy projects, including solar installations.
  • Net Metering: Missouri allows businesses to participate in net metering, where you receive credits for excess energy fed back into the grid, further reducing your electricity costs.