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Mississippi Solar Information

Mississippi isn’t a bad state for solar. There’s always enough sunshine to cover your basic energy needs or at least to reduce your monthly electricity bill. The 26% Federal Solar Tax Credit as well as some local incentives will make your solar installation even more profitable.
  • #21
    Mississippi ranks #21 in the USA for savings from installing solar panels
  • 6019.92 kWh
    Annual AC energy output of a 4 kW solar system installed in Mississippi
  • 5.36 kWh
    Solar Radiation (kWh / m2 / day)
  • 10 ¢ /kWh
    The cost of electricity today in Central Electric Power Association|Tennessee Valley Authority
  • 22 ¢ /kWh
    If you don't go solar. The forecast average utility price over the next 25 years

Mississippi Solar Facts

  • $1.32
    Average cost of a 4kw solar power system in 2019.
  • 4 years
    Average system payback period.
  • $46,403.62
    Average lifetime savings.
  • 4 ¢ /kWh
    Levelized cost of solar energy.
  • 5 kW
    Recommended system size.
  • Solar Power System Cost in Mississippi
  • $1.32 per watt
  • $5,355.47 total
  • 4 years

The Cost of Solar Panels in Mississippi

As of December 2020, the average cost of a solar panel installation in Mississippi is around $2.64 per watt which is lower than the average price across the US. The total cost of a 6kW solar system will not exceed $11,717 after claiming the 26% federal solar tax credit. Unfortunately, the installation price in Mississippi state is not expected to go down due to import tariffs introduced by the Trump administration in 2018.

Mississippi Solar Rebates and Tax Credits

The Federal Investment Tax Credit – a governmental perk that allows all solar panel buyers to get a 26% deduction of the installing cost from federal taxes. For example, if your solar system costs $15,000, your tax credit would be $3,900. Deduction will be lowered by 5.0% in 2021 and will be gone the year after unless new legislation is introduced.

Tennessee Valley Authority utility (TVA) feed-in tariff – similar to the Net Metering Program, the TVA program offers a $1000 rebate for going solar and a feed-in tariff which is equivalent to the retail electricity price plus an additional $0.04/kWh. However, program benefits are available only for those who live in an area served by the TVA company.

Pros and Cons of Buying Solar Panels in Mississippi

Pros of Buying Solar Panels

  • Clean and renewable energy at zero cost

    Solar panels are an environmentally friendly source of energy that does not emit or pollute. Apart from out-of-pocket costs, solar systems can save a considerable amount of money after 6 – 7 years of payback period.
  • Abundance of sunlight

    With an average of 5 hours of sunlight, Mississippi receives as much sunshine as other sunny states, such as Texas or Arizona, so your solar system will produce more energy than in many other states.
  • Increase in home value

    A solar system can significantly increase the value of your home (a 5kW system increases the value of your home up to $17,000).

Cons of Buying Solar Panels

  • Lack of rebates and incentives

    Unlike many other states, Mississippi does not offer any rebates or incentives for going solar. The main reason is that the electricity price of $0.12/kWh in Mississippi is one of the lowest in the country, and therefore utility companies do not offer any solar rebates.
  • No tax exemptions

    There are no tax exemptions for solar power in Mississippi. Solar systems are subject to both sales and property taxes.

Is it worth buying solar panels in Mississippi?

Mississippi does not have a variety of policies in place to help keep the renewable energy market moving forward with state incentives and rebates. However, the falling cost of solar equipment and installation together with the 26% Federal tax rebate are compelling reasons to go solar in Mississippi.

Tell us how much you are spending on electricity and we’ll calcalute how much you can save if you go solar
According to Central Electric Power Association|Tennessee Valley Authority, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.
I am claiming the 26% Federal Tax Credit (ends 2020) i

When you install your solar system, 26% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

System size

  • Mini
  • Small
  • Medium
  • Large
We recommended
4.07 kW medium system size
Provides up to 80% of electricity consumption
$1.32 per watt
Average system cost
  • image rec 3
    11 x 405 watt
    solar panels
  • +
  • image rec 3
    11 x 300 watt
    microinverter
  • +
  • image rec 3
    1 x 5 000 watt
    inverter
$80.56/ month
Estimated savings on your average quarterly bill
  • $5,355.47
    Estimated system cost
    Excludes 26% Federal Tax Credit.
    This price does not include the installation cost.
  • 4 years
    Average system payback period
  • $46,403.62
    Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

  • 10 ¢ /kWh
    The cost of electricity today in Central Electric Power Association|Tennessee Valley Authority
  • 22 ¢ /kWh
    If you don't get solar. The forecast average utility price over the next 25 years
  • 4 ¢ /kWh
    levelized cost of solar energy

Relevant product for your system

Entry-level solar panels x 11
$2,203.30
  • View
  • View
  • View
Entry-level microinverter x 11
$1,953.56
  • View
Entry-level inverter x 1
$1,617.23
  • View
  • View
In stock
JA Solar 405w Solar Panel 72 Cell JA-JAM72-S10-405MR - A1 Solar Store
Cell number 144 cell
DC/Charger Volt Compatible 12v, 24v, 48v
Price per Watt $0.49
Rated Power Output 405 W
Voltage (VOC) 49.86V
Cell Type Monocrystalline
In stock
Trina 410W Solar Panel 144 cell TSM-410-DE15H(II) - A1 Solar Store
Cell number 144 cell
DC/Charger Volt Compatible 12v, 24v, 48v
Price per Watt $0.52
Rated Power Output 410 W
Voltage (VOC) 51.2V
Cell Type Monocrystalline
In stock
Panasonic HIT 330W Solar Panel 96 cell VBHN330SA17 Monocrystalline Black - A1 Solar Store
Cell number 96 cell
DC/Charger Volt Compatible 12v, 24v, 48v
Price per Watt $1.03
Rated Power Output 330 W
Voltage (VOC) 69.7V
Cell Type Monocrystalline
In stock
Panasonic 340W Solar Panel 96 cell VBHN340SA17 Monocrystalline White - A1 Solar Store
Cell number 96 cell
DC/Charger Volt Compatible 12v, 24v, 48v
Price per Watt $1.07
Rated Power Output 340 W
Voltage (VOC) 71.3V
Cell Type Monocrystalline