Solar power in Jefferson City, Missouri
Ameren offers its Jefferson City solar customers both net metering and a rebate program.
Jefferson City residents can take advantage of Ameren’s solar rebate program. Through the program, customers who install solar before December 31, 2023, will receive $0.25 per watt of solar installed. This can help greatly reduce the upfront costs of installing solar panels.
Combine net metering, Ameren’s rebate, and the federal tax credit, and you have a recipe for great savings on installing a solar system in Missouri.
Net Metering Broken Down
Ameren will pay its solar customers for any excess generation their solar system generates at the avoided cost rate of electricity. The avoided cost rate is less than the retail rate of electricity, but that’s still extra money in your pocket that you can apply to your electric bill.
The average cost of installing residential solar panels in Jefferson City,
Missouri in 2024 is
$2.58 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Jefferson City, MO
is $12,900.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Missouri is only 1117kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Jefferson City solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Missouri solar savings calculator can do this because it contains a database of the electric rates charged by AmerenUE, Co-Mo Electric Coop Inc, Three Rivers Electric Coop, Union Electric Co - (MO)
How much can solar panels save you in Jefferson City
What does the cost of a real solar system look like?
Facts about installing a 11.61kW solar system in Jefferson City, MO
This system would offset 100% of your energy usage if your typical monthly bill is $120, however your situation may vary so try our Jefferson City solar calculator to get a result tailored to you.
$20,619
Net cost of system
11 Years 3 Months
Average payback time
15,000 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
17¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.61kW system
Life-time savings on this system over the next 25 years
$34,210
(Prices shown after repayments of capital)
6
Solar companies in Jefferson City, MO that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Jefferson City
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,016 | $6,497 |
| 4kw | $7,903 | $8,535 |
| 5kw | $9,694 | $10,470 |
| 6kw | $11,455 | $12,372 |
| 7kw | $13,105 | $14,154 |
| 8kw | $14,741 | $15,920 |
| 9kw | $16,250 | $17,550 |
| 10kw | $17,760 | $19,181 |
Find out what system size you need for your home
Going solar in Missouri
Check out all of the ways energy providers of Missouri can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Net Metering | State | Net Metering |
| Property Tax Exemption | State | Property Tax Incentive |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
