Missouri Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 12/03/2012
Program Overview:
| State: |
Missouri |
| Incentive Type: |
Personal Deduction |
| Eligible Efficiency Technologies: |
Custom/Others pending approval, Unspecified Technologies, Energy Audits; The Home Energy Audit must be performed before efficiency improvements are made. |
| Applicable Sectors: |
Residential |
| Amount: | 100% of the cost of eligible improvements |
| Maximum Incentive: | $1,000 per return; $2,000 cumulatively per taxpayer |
| Start Date: | 01/01/2009 |
| Expiration Date: | 12/31/2013 |
| Web Site: |
http://www.dnr.mo.gov/energy/residential/homeenergyaudits.htm
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Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
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R.S. Mo. ยง 143.121(8)
07/10/2008
01/01/2009
12/31/2013
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Summary:
In July 2008, Missouri enacted legislation allowing homeowners to take an income tax deduction of the cost of home energy audits and associated energy efficiency improvements. The tax deduction is valid for expenses incurred on or after January 1, 2009. Any deduction shall be claimed for the tax year in which the qualified home energy audit was conducted or in which the implementation of the recommended energy efficiency improvements occurred.
The deduction has a $1,000 annual limit per individual (or per joint taxpayer return) and a $2,000 cumulative limit per individual or joint taxpayer. 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.
The home energy audit must be performed by a home energy auditor certified by the Missouri Department of Natural Resources before any efficiency improvements are performed in order for the improvements be eligible for the tax deduction. The program web site 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, Inc. 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, Inc. 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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