Bill > HB1487

This bill establishes a comprehensive rebate program for electrical corporations to incentivize customer-generators' installation of solar electric systems and energy storage systems in Missouri. The bill requires electrical corporations to file a tariff with the Missouri Public Service Commission (PSC) within 90 days, proposing rebates for solar and energy storage system installations. The rebate amounts decrease over time, starting at $2 per watt for systems operational by June 30, 2026, and gradually reducing to $0.25 per watt for systems operational between July 1, 2030, and June 30, 2031. To qualify for the rebate, customer-generators must install a smart inverter, an energy storage system connected to a solar electric system, and transfer renewable energy credits to the electrical corporation for ten years. The bill sets annual and aggregate rebate payment limits based on the electrical corporation's customer size, with corporations having one million or more customers limited to $5.6 million annually and $28 million in total. After issuing rebates, electrical corporations can recover costs through base rates or rate adjustment mechanisms, with provisions to defer and amortize costs if they exceed rate increase limitations. The Missouri PSC is tasked with reviewing applications, holding hearings, and creating rules to implement the program.

https://house.mo.gov/Bill.aspx?bill=HB1487&year=2025&code=R