Summary of Mississippi solar incentives 2021
Mississippi has plenty of sun, but legislators in Jackson haven’t really done anything of note to help promote adoption of home solar here. However, all that sun means solar panels can still be a compelling addition to your home. Read on to learn more about your potential savings with home solar in Mississippi.
On this page, you can:
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Learn what solar incentives are available to Mississippi homeowners
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See what Mississippi solar incentives you qualify for based on your utility company and city
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Find out how much these incentives and/or Mississippi solar tax credits will reduce your cost to go solar and add batteries
Federal solar investment tax credit
The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in Mississippi
This perk is commonly known as the ITC, short for “Investment Tax Credit”. If you install your photovoltaic system in 2020, the federal tax credit is 26% of the cost of your solar panel system. This is 26% off the entire cost of the system including equipment, labor and permitting.
Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 26% = $5,200.
The federal tax credit falls to 22% at the end of 2022.
Net energy metering in Mississippi
With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.
Net Metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume, to make sure you get credit for the surplus.
Mississippi is one of only six states in the nation without statewide net metering standards in place. Net metering remains completely at the discretion of the utility companies. That’s a raw deal for Mississippi homeowners, unless you happen to live in the TVA service area, it might be difficult to figure out how your panels will affect your electricity bill.
Here’s how Mississippi Power refers to its net metering policy: "the rate paid for electricity placed on the grid by a net metered customer is 2.5 cents/kWh above the company's avoided-cost rate” which “currently ranges from 2.29 to 3.62 cents/kWh.” (at the time of this writing; late 2020).
Every 15 minutes, Mississippi Power will determine how much solar energy your system sent to the grid and credit you about 5.5 cents/kWh for it. They’ll happily charge you an average of 7.5 cents/kWh for energy you buy from them when the sun isn’t shining.
Mississippi solar rebates
While Mississippi does not have a dedicated state rebate for solar panel installation, some manufacturers like LG offer their own solar rebates. These programs are usually time sensitive. For example, LG offers a $600 solar rebate on their equipment, which your installer can help you redeem over the next year.
Cost of solar panels in your part of Mississippi after all applicable solar incentives
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Prices based on a 11.4kW system, after 26% federal tax credit
Solar prices near you
Payback period
10.7-13.1 years
Net profit (savings less system cost)
$32,779-$40,063
Average size system installed in MS in 2021
11.4kW
Solar panel cost calculator
Best 10 solar companies in Mississippi
5 solar companies in Mississippi provide pricing on SolarReviews. Here are the best rated companies near you.
4.53 24 Reviews
Latest review
Anonymous, over 1 month
MS Solar was very professional with their sales presentation, site evaluation, installation and completion of our green energy project. I have a lot of respect for Will and his team. I would recommend them to everyone.
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Latest review
Anonymous, over 1 month
MS Solar was very professional with their sales presentation, site evaluation, installation and completion of our green energy project. I have a lot of respect for Will and his team. I would recommend them to everyone.
4.42 155 Reviews
Latest review
Anne., 3 weeks ago
Sunpro, and in particular Hector, made going solar, simple and painless. Hector thoroughly explained the whole process, and also ensured that he was present when it came time for the panel installation. He has made himself available at all hours of the day and night for any questions that I have had, and ensures that all my questions are answered. Hector is a kind man, and has excellent customer service skills. I truly appreciate Sunpro and Hector for such a wonderful experience.
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Latest review
Anne., 3 weeks ago
Sunpro, and in particular Hector, made going solar, simple and painless. Hector thoroughly explained the whole process, and also ensured that he was present when it came time for the panel installation. He has made himself available at all hours of the day and night for any questions that I have had, and ensures that all my questions are answered. Hector is a kind man, and has excellent customer service skills. I truly appreciate Sunpro and Hector for such a wonderful experience.
4.13 13 Reviews
Latest review
A Castille, over 1 month
Solar Alternatives representatives were professional and effective throughout our project of adding a Tesla solar battery to our solar panels that were already in place. We are now, essentially, off the grid, because our excess solar power is stored in the battery and used by us whenever the sun is down. The battery also provides power during power outages which will come in handy during hurricanes and squalls. All of the Solar Alternatives servicemen who were involved in the installation were efficient, courteous and knowledgeable. We would highly recommend them!
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Latest review
A Castille, over 1 month
Solar Alternatives representatives were professional and effective throughout our project of adding a Tesla solar battery to our solar panels that were already in place. We are now, essentially, off the grid, because our excess solar power is stored in the battery and used by us whenever the sun is down. The battery also provides power during power outages which will come in handy during hurricanes and squalls. All of the Solar Alternatives servicemen who were involved in the installation were efficient, courteous and knowledgeable. We would highly recommend them!
3.75 1 Reviews
Latest review
Anonymous, over 1 month
Great company, very knowledgeable, and professional.
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Latest review
Anonymous, over 1 month
Great company, very knowledgeable, and professional.
3.75 1 Reviews
Latest review
Anonymous, over 1 month
JR Cromer was the on-site supervisor when my initial 8kW solar array was installed in 2014, so it was only natural to again let him do the installation when this system was expanded to 12 kW in 2017. Everything went smoothly and I received a high quality product at a great price both times.
Read more
Latest review
Anonymous, over 1 month
JR Cromer was the on-site supervisor when my initial 8kW solar array was installed in 2014, so it was only natural to again let him do the installation when this system was expanded to 12 kW in 2017. Everything went smoothly and I received a high quality product at a great price both times.
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