See how much it will cost to install solar panels for your home in Mississippi
Solar power in Mississippi
Last fact-checked on January 19, 2023, by Catherine Lane
Mississippi has a lot of room for improvement as far as solar incentives go; there are no statewide solar incentives, no renewable portfolio standard, and no tax exemptions. However, there is a net metering law in place that can provide significant savings on electric bills for homes with solar systems.
Combine net metering with the 26% federal tax credit and there is potential for great savings when you make the switch to solar in Mississippi.
Compare solar quotes from the top solar companies in Mississippi
Mississippi solar power facts
$2.73 watt
Average cost: 5kW solar power system
?7 Years 6 Months
Average payback time
$57,317
Average lifetime savings
?5¢ kWh
Levelized cost of solar energy
23¢ kWh
If you don't get solar
?13,846 kWh
Annual power production
Cash flow graph based on cash purchase of a 10.84kW system
This 10.84kW system would offset 100% of your energy usage if your typical monthly bill in Mississippi is $150, however, your situation may vary so try our solar calculator to get a result tailored to you.
6
Solar companies in Mississippi that provide pricing through the Solar-Estimate marketplace.
How much can solar panels save you in Mississippi
Average total cost of solar panel installation in Mississippi
| System Size | Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $6,027 | $6,509 |
| 4kw | $7,840 | $8,467 |
| 5kw | $9,555 | $10,319 |
| 6kw | $11,214 | $12,111 |
| 7kw | $12,740 | $13,759 |
| 8kw | $14,168 | $15,301 |
| 9kw | $15,561 | $16,806 |
| 10kw | $16,800 | $18,144 |
How much do solar panels cost in Mississippi?
$2.73 per watt
Cash purchased solar system
Before 26% solar tax credit
$3.91 per watt
Financed solar system
Before 26% solar tax credit
$0.0¢ /kWh
Lease/PPA
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in Mississippi?
The main advantage of installing solar panels in Mississippi is that the state receives a lot of sun daily. This means a system here will produce more electricity than a system would in some other parts of the US. There is a net metering law in place that requires investor-owned utilities to provide compensation for excess energy that solar systems send to the grid.
The disadvantage of installing solar panels is the lack of a renewable portfolio standard in the state, thereby reducing the pressure on utilities to create solar incentives. Although Mississippi does have a net metering policy, it does not require utilities to give their customers the full retail value for excess energy; which means less savings for you.
However, the best time to go solar in Mississippi is now while the incentives that do exist are still available!
Enter your details to calculate the potential costs and savings you can expect to receive from installing solar panels for your home.
Best solar companies in Mississippi
Compare solar quotes from the top solar companies in Mississippi
How much electricity will solar panels produce in Mississippi
Solar panels produce different amounts of energy in different locations.
Around the Jackson area solar panels installed on a south-facing 23.5-degree pitch roof will typically produce:
1,752kWh
per year per 1kW of peak DC
(direct current) capacity
For more information about how your location, roof direction, and roof tilt affects solar power production use the solar panels calculator and enter your zip code.
I want to buy a solar panel kit and install it myself
What rebates, solar tax credits and other solar incentives are available in Mississippi?
Net metering in Mississippi
Luckily, Mississippi law requires the state’s investor-owned utilities, Entergy Mississippi and Mississippi Power, to compensate their customers for excess energy their solar systems send to the grid. However, the rate at which they compensate is only equal to the avoided cost rate per excess kilowatt hour (kWh). The avoided cost rate is less than the retail rate of electricity, making the payback period for a system in Mississippi longer than in other states.
Mississippi Solar Calculator
Regardless of what you want to know about the economics of installing solar panels for your home or business in Mississippi, we have a solar calculator that can show you exactly the information you require.
What you can find out about installing solar panels in Mississippi using our full monthly solar calculator
This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:
- What size solar system do you need?
- Answers the question of how many solar panels do I need?
- How many square feet of roof space you need for solar panels
- Solar electricity production in annual kWh (kilowatt-hours) you can expect from your solar system in Mississippi
- The value of solar tax credits and other incentives you are entitled to based on the estimated size of system you need, your location and your utility provider.
- Likely cost based on an average of prices charged for solar systems of that size in the last year in Mississippi or Jackson ;
- The likely payback period on your solar panels and your investment return.
- Your total lifetime solar savings based on each of the major solar finance options, a cash purchase, a cash purchase funded with a HELOC sol (home equity line of credit) and a zero-down PPA or third party lease product.
If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Mississippi solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.
Going solar in Mississippi
Check out all of the ways energy providers of Mississippi can help you be more energy-efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Net Generation Rules | State | Net Metering |
| Distributed energy facility rebate | Residential | Rebate |
Find your local rebates and incentives
Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives is the solar installers who specialize in your area.
