Missouri Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/20/2010
Program Overview:
| State: |
Missouri |
| Incentive Type: |
Personal Deduction |
| Eligible Efficiency Technologies: |
Yes; specific technologies not identified, Energy audit costs |
| Applicable Sectors: |
Residential |
| Amount: | 100% of the cost of eligible improvements |
| Maximum Incentive: | $1,000 per return; $2,000 cumulatively per taxpayer |
| Program Start Date: | 01/01/2009 |
| Program Expiration Date: | 12/31/2013 |
| Web Site: |
http://www.dnr.mo.gov/energy/residential/homeenergyaudits.htm
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Date Effective: 01/01/2009 Expiration Date 12/31/2013 |
Summary:
In July 2008, the state of Missouri enacted legislation allowing homeowners to deduct from their income taxes the cost of home energy audits and energy efficiency improvements based on recommendations made in such an audit. The tax deduction is valid for expenses of this nature incurred on or after January 1, 2009. The deduction has a $1,000 limit per individual or joint taxpayer return and a $2,000 cumulative limit per individual or joint taxpayer. All deductions must be taken in the year in which the expenses were incurred. A taxpayer may not take a deduction for work that received any type of incentive or rebate through the state or through a utility-sponsored program. This tax incentive will expire on December 31, 2013.
Audits must be performed by a home energy auditor certified by the Missouri Department of Natural Resources (DNR). The program website contains a directory of certified auditors, instructions for becoming a certified auditor for the purpose of this incentive, and a link to Missouri Department of Revenue Form MO-HEA used to claim the deduction.
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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