Mississippi Solar Panel Rebate

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.

Mississippi solar panel rebate.

An average sized residential solar system about 400 square feet of solar panels costs 18 000 according to the solar energy industries association an industry group. 8 76 kw grid tied solar system with solaredge and 24 astronergy solar 365 watt panels. There are no state rebates for solar panels in mississippi. These are the solar rebates and solar tax credits currently available in mississippi according to the database of state incentives for renewable energy website.

Solar solutions initiative ssi is a pilot program that offers additional financial incentives for solar pv systems participating in the renewable standard offer program. To encourage the continued expansion of solar governments utilities and other organizations offer solar tax breaks and financial incentives to make solar more accessible for today s homeowners. The tax break reduces. However you can still take advantage of the 26 federal tax credit.

Federal solar tax credit. The state s leaders have hardly even mentioned the words in their sessions since 2005. When evaluating the financial feasibility of a solar pv installation you should obtain estimates of the solar system installation cost projected energy savings and any revenue from selling excess energy generated to mississippi power. Sunny mississippi is a great state for solar power and renewable energy.

Mississippi solar tax credits and incentives. Determine if any financial or tax incentives are available. Applications for new projects for the year 2015 opened on january 2 2015. As a result you can reduce the net cost of your solar panel system by anywhere from 26 to 50 percent.

Combine the falling cost of solar equipment and installation state rebates and the 30 federal tax rebate and you have compelling reasons to go solar in mississippi. The consensus on mississippi solar power rebates and incentives the mississippi legislature is really singing the blues when it comes to solar energy. The federal solar investment tax credit is available to all homeowners and business owners in the state of mississippi. Mississippi is a very sunny state receiving average yearly rates of solar radiation that exceed five peak sun hours per day on many locations and is a great solar investment compared with states farther to the north which receive around four peak sun hours per day this represents a 25 increase in energy.

Mississippi solar and renewable energy incentives. Check your savings costs tax breaks incentives and rebates.