Mississippi Solar Panel Rebate

Solar solutions initiative ssi is a pilot program that offers additional financial incentives for solar pv systems participating in the renewable standard offer program.

Mississippi solar panel rebate.

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. See a list of incentives. The tax break reduces. 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.

Check your savings costs tax breaks incentives and rebates. The consensus on mississippi solar power rebates and incentives the mississippi legislature is really singing the blues when it comes to solar energy. There are no state rebates for solar panels in mississippi. The federal solar investment tax credit is available to all homeowners and business owners in the state of mississippi.

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. 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 tax credits and incentives. As a result you can reduce the net cost of your solar panel system by anywhere from 26 to 50 percent.

Federal solar tax credit. 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. Wss solaredge gridtie system for 24 astronergy 72 cell modules 12 406 00. Mississippi solar and renewable energy incentives.

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. However you can still take advantage of the 26 federal tax credit. These are the solar rebates and solar tax credits currently available in mississippi according to the database of state incentives for renewable energy website. Applications for new projects for the year 2015 opened on january 2 2015.

This fantastic program provides you with a federal. Sunny mississippi is a great state for solar power and renewable energy.