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.
Self Qualification Table
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.