Across the US, homeowners are turning to solar power to reduce their dependence on the grid. But what about midwestern states like Missouri? Are solar panels a good investment in a city like St. Louis?
The answer is yes!
Let’s discuss the benefits of solar and how to take the first step toward renewable energy for your home.
Are Solar Panels Worth it in St. Louis?
Known as the Gateway to the West, St. Louis experiences sunny days for more than half the year. This makes it a great place for solar panels!
Even with just a few hours of sunlight a day, you can reap the benefits of solar. With a backup battery system like the Pink Energy PWRcell, you have access to power in case of power outages. That’s because a battery backup stores excess energy for your home to use when needed.
In short, solar panels are a great fit for St. Louis homeowners.
Why Go Solar?
You’ve probably heard that there are benefits to going solar, but do you know what those benefits are? Here are three of the best reasons to install solar panels on your St. Louis home:
- Potentially Save On Electric Bills — Reducing your dependence on the grid means potential savings on your electric bill each month.
- Potentially Increases Home Value — Solar arrays are a home upgrade, and it’s one that buyers may be willing to pay extra for. A study done by Zillow found that solar panels increase a home’s value by 4.1% on average. For a $300,000 home, that’s a $12,000 increase!
- Better For The Environment — Solar is an infinitely renewable power source. It doesn’t require fossil fuels or water to generate electricity, helping conserve these resources.
Tax Credits for Solar Panels in St. Louis
If you’re interested in installing solar panels on your home, you may be concerned about the price. Luckily, there are financial incentives and tax benefits that make solar panels more accessible than ever.
First, Pink Energy offers $0 down, 100% financing to qualified homeowners and we’re proud to offer a military/veteran discount.
Homeowners who install solar panels on their primary residence are eligible for a 26% federal tax credit. This allows you to deduct up to 26% of the cost of your array on your federal taxes. This tax credit is set to decrease to 22 percent at the end of 2022 and then will vanish altogether at the end of 2023, so you have a limited time to take advantage of it!
At the state level, Missouri homeowners who install solar panels are exempt from property tax increases that result from having solar panels on your home.
Explore Solar for Your St. Louis Home
Ready to learn more about how solar could benefit your home? Get started by requesting your free consultation!