Use Of Solar Panels In Mississippi

Federal solar tax credit.

Use of solar panels in mississippi.

As of sep 2020 the average cost of solar panels in mississippi is 2 64 per watt making a typical 6000 watt 6 kw solar system 11 717 after claiming the 26 federal solar tax credit now available. Mississippi solar tax credits and incentives. The federal solar investment tax credit is available to all homeowners and business owners in the state of mississippi. This fantastic program provides you with a federal tax credit equal to 26 of the total cost of a solar panel system and installation.

With more than 200 sunny days throughout the year mississippi is an excellent contender for solar production. Mississippi is without an rps and it shows in the state s complete lack of incentives for solar. One of the home installation features a solar carport which utilizes sunlight not only to charge the all electric tesla and nissan leaf vehicles but to help power will s home. There are no state rebates for solar panels in mississippi.

Mississippi power is proud to be at the forefront of mississippi s energy economy by adding renewable energy to the company s diverse mix of energy resources. Solar panels in mississippi. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Solar panel cost data mississippi 2020 updated.

A renewables portfolio standard rps requires utilities in the state to eventually source at least a certain percentage of their electricity from clean renewable sources like solar panels. You will see how solar power in mississippi can generate electricity for both on and off grid needs. Solar power in mississippi was an underutilized generation method but an ongoing fast increase started in 2016. As part of this commitment we are providing customers a new option to generate their own electricity using a renewable energy resource like solar energy and sell the excess.

Yet according to the solar energy industries association the state jumped from ranking 43rd in the country for solar in 2018 to 29th in 2019. While the state had only 1 1 mw of grid connected photovolatic capacity in 2015 there were 242 32 mw in 2019. The most significant incentive to install solar panels for homes and businesses in mississippi is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. Rooftop photovoltaics could provide 31 2 of all electricity used in mississippi from 11 700 mw if solar panels were installed on every available roof.

Solar panels in mississippi companies incentives and tax credits for making the change to solar. An rps is critical to strong renewable energy policy. However tva offers a flat rebate of 1 000 for residential pv systems of all sizes. However you can still take advantage of the 26 federal tax credit.