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Rebate Information

Senate Bill 564 Includes Solar Rebates

On June 1, 2018, Senate Bill 564 (SB 564) was signed into law. This modern energy legislation includes updates to Missouri's solar programs in the form of solar rebates and utility owned solar. The solar rebates provided for in the law are only available to systems that become operational after January 1, 2019 and be completely installed and operational by June 30th 2019.

The last time Missouri saw solar rebates the fund was depleted well before all the applications in the queue were approved. This time around the fund is actually quite a bit smaller, and we expect the first round to completely fill the queue within days, if not hours, from the time the window for applications officially opens.

The utilities are currently targeting being able to accept rebate applications by November first. Part of that application includes some preliminary engineering. All of that simply means that if you want to take advantage of this you will need to have your ducks in a row and ready to march well before November 1st. The good news is, we can help.

Not only can we help, but for a few qualified customers, we’re willing to share some of the risk. Azimuth Energy and Aschinger Electric will work to complete all the engineering required and application submission work for a very discounted price. We won’t be able to do this for everyone, and because of the very short window we have to work with, we won’t be able to offer it for very long.

If you can answer yes to the following questions, and you’re interested in looking further at a highly subsidized solar array contact us now.

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Self Qualification Table

Does your electric bill average over $500 a month

Do you have at least 5,000sq’ of flat or south facing roof space available

Do you own your building?

Do the investment matrix below meet your criteria for an investment?

Are you an Ameren Missouri, KCP&L or Empire Electric customer?

Take Advantage of Solar Rebates

Contact Solar Island Energy today to find out more.

Call 314-266-6750
Email Us

Today, in Missouri, we are putting projects together using this rebate that have a levelized cost of energy of $0.03per kWh. To put that in perspective most commercial customers are paying over $0.08 per kWh. Solar is producing electricity at 10% the cost of grid purchased electricity.

Links:

Information about Azimuth Energy
Information about Aschinger Electric
Link to legislation (Renew Missouri)

FAQ

What if I submit an application and it’s not approved? Expand

It depends. The rebate will reduce from $0.50/Watt to $0.25/Watt after June 30th 2019 or whenever the first round of funding is used, whichever comes first. If the financials still look good at that rate, then you can move forward.

Will they extend this rebate in the future? Expand

Yes, as mentioned above. When the first bucket of funding is exhausted, or on June 30th, 2019 it will continue at a reduced level until Dec 31st 2023 or when the funds run out. See the link below for more rebate details.

How do I know I’ll get the energy from my array you tell me I will? Expand

All of our installations include a performance warranty from the manufacturer and online system monitoring.

Do I need special Insurance to have a solar array on my building? Expand

We recommend all customers contact their insurance agency to let them know they are installing a solar PV array on their building.

Is there an easy way for my business to market the “green” component of my investment? Expand

Yes – we have some really good programs to help you do that. If you’re interested in the green marketing aspect of your project we’d love to chat more.

What if I need a new roof? Expand

That’s a tough one. It depends on how quickly we could install a new roof. The good news is, that through this program we can often cover 30% of the cost of the new roof where the solar array is located depending on your tax situation. If you’re interested in this, let us know and we can provide the information to your accountant so they can advise you further on your specific situation.

Do I have to install the array on my roof? Expand

Nope, we do a lot of projects as “ground mounted” arrays. We can also building covered parking and install the solar on that structure. There are a lot of options, but roof mounting almost always provides the best financial return.

What if I don’t own my building? Expand

Those situations really depend on several additional factors. If you have more than 5 years remaining in your lease, and a really good relationship with your landlord, we may be able to help. Generally a very quick financial performance analysis and a chat with your Landlord will sort out whether or not it’s worth investing more time into.

Does the rebate apply to residential as well? Expand

Yes, and we have some really good residential installers we work with. Give us a call and we’ll be happy to get you sorted out. If you want to do your business, your home, and maybe even some employees homes – we can often put together a really good package.

Is there a lot of maintenance for a solar array? Expand

Nope, not really. Keep them clean and have an electrician take a quick look once a year.

Can I finance this, or do I have to pay cash? Expand

Either way. Banks generally like to finance these projects for their good customers because it’s such a safe investment. We’re happy to talk to you about financing options.

Take Advantage of Solar Rebates

Contact Solar Island Energy today to find out more.

Call 314-266-6750
Email Us

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  • About
    ▼
    • Our Mission
    • Safety, Performance, Aesthetics
    • Quality Assurance, Choosing a Solar Energy Project Partner
  • Caribbean Areas Served
    ▼
    • Bahamas
    • British Virgin Islands
    • Florida
    • Saint Kitts & Nevis
    • Turks & Caicos Islands
  • Markets Served
    ▼
    • Caribbean Resort and Private Islands Solar Energy
    • Caribbean Utility Solar Energy Companies
    • Caribbean Commercial-Industrial-Institutional
    • Caribbean Solar EPC Services
    • Carports, Awnings, Structures
    • Learning Kiosks
    • Community Solar
  • Case Studies
    ▼
    • Testimonials
  • Our Approach
    ▼
    • Planning for Success
    • Integrity and Professionalism
    • Financing Solutions
    • Flexible Delivery
    • Creating Local Jobs
    • Energy Efficiency
    • Solar Myths
  • Contact