Renewable Portfolio Standards
The RPS (Renewable Portfolio Standards) in Kansas are mere guidelines; they are voluntary. The goal by 2020 was to make 20% of the power the state needs through renewable means, but since the standards are voluntary, utility companies face no penalty for missing them.
Net Metering
Strong net metering laws are a bonus for Kansas residents. Net metering is a system in which solar panels or other renewable energy generators are connected to the public utility, allowing customers to offset their energy bill with credits they earn on their own production. If your system produces more electricity than you need, the excess is sold to the grid, which you see as a credit on your power bill.
Property Tax Exemption
This exemption means that the value of your home or business will not be reassessed in the wake of installing a solar system. You keep paying property tax based on the value before you added the system.
Federal Tax Credit
The hefty tax credit from the Federal government is too good to be forgotten. The solar Investment Tax Credit (ITC) is worth 26 percent of the system cost, and will be deducted from your Federal income tax. The credit goes to those who buy their system (cash or loan), not to those who lease. If you lease a system, incentives go to the third-party owner. A good reason to buy!
