Cost & Savings Breakdown
Based on $150/month electric bill in Springfield
System Size
8.2 kW
Annual Production
11,967 kWh
Gross System Cost
$23,770
Federal Tax Credit (30%)
-$7,131
State Incentive
-$500
Net Cost
$16,139
Monthly Savings
$122
CO₂ Offset/yr
11,010 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityCity Utilities
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.122/kWh
Peak Sun Hours5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Missouri State Incentive — Missouri offers a property tax exemption for solar installations.
Common Questions
How much does solar cost in Springfield?
Solar in Springfield, Missouri costs approximately $23,770 for a 8.2 kW system. After the 30% federal tax credit, your net cost is about $16,139.
What is the solar payback period in Springfield?
The estimated payback period for solar in Springfield is 11.1 years, based on a $150/month electric bill and local sun hours of 5 hrs/day.
Does City Utilities offer net metering?
City Utilities offers Full Retail net metering. Full retail rate.