True to its nickname, the "Sunflower State" propagates in abundance everywhere in Kansas due to its generous sunshine. According to one statistic, Kansas is ranked number 12 among the sunniest states in the country, receiving 84.97% of sunlight in a year. Because of this, most Kansas property owners will consider it worth investing in a solar system. Even though not as famous and prominent as the other U.S. states, solar adaptations are increasing yearly. Property owners are reinforcing the solar incentives and rebates they can get from their solar installation.
You can check below how these solar energy systems will benefit you in the long run.
The Federal Investment Tax Credit (ITC) is available to Kansas property owners. It will extensively influence property owners who purchase their solar panel systems outright. The ITC is undoubtedly a significant tax solar incentive for Kansas property owners. This credit currently amounts to 26% of your solar system's cost. In 2023, the tax credits for installations will drop to 22%. This is one of many reasons why it makes sense to go solar without delay.
And if you invest in a solar panel system by the end of 2032, the federal tax credit is 30% of the price of your solar panel system. This means 30% off the system's total cost, including equipment, labor, and permitting.
Sample Calculation: If your solar energy system costs $20,000, you would be eligible for a federal solar tax credit of $6,000, 30% of the system cost.
By 2033, the federal tax credit will fall to 26%.
Kansas net metering law is a bonus for Kansas property owners, smoothing the way to connect a solar system to the public grid. Net metering is a process where solar panels or other renewable energy sources are linked to the public utility. This permits users to offset the expense of power they obtain from the utility by earning credits through their power production. If the energy your system generates exceeds your consumption, the excess power is sold back to the grid, following credit on your electricity bill.
These Kansas solar incentives mean that a property owner can measure their solar system for their required total energy in a year and utilize the excess generation throughout the summer to conserve a credit during wintertime, wherein the solar energy generation is down.
Advantageously, Kansas provides property owners who invest in a solar system a Property Tax Exemption. This exemption means that the value of your home or business will not be reassessed after installing a solar system. You keep paying property tax based on the value before you add the system. The property tax exemption continues for ten (10) years, which means property owners can settle the total price of their solar system until some associated property tax surges. These solar incentives will save you a ton of money over the years.
Given the ample sunshine of Kansas, the reasonable cost of solar panels, and the solar incentives and rebates a property owner can make the most of, investing in a solar system is undoubtedly the way to go!
Find out today what Kansas solar incentives and rebates you qualify for!
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