Solar Panels in Mississippi | 2022 Cost and Incentives | SaveOnEnergy®

Mississippi Solar Panels: Pricing and Incentives

How much do solar panels cost in Mississippi?

home with solar panels on the roof

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Solar power in Mississippi

Solar energy in Mississippi is a growing industry. According to the Solar Energy Industries Association (SEIA), there are a total of 319.6 megawatts (MW) from installed solar panels in Mississippi. That’s a total of 598 installations in Mississippi, and 817 solar jobs in the state overall.

Mississippi has a majority of warm, sunny days throughout the year, meaning solar is quite viable in the area. Below, we’ll cover the benefits of solar panels, the costs of installing solar panels for homeowners, and ways to pay for solar panel installation in Mississippi. 

Mississippi solar panel cost

The first step in deciding whether to invest in solar is to consider the cost since it can affect when you can get them or how you pay. This is an expense that affects your budget in the long run. 

The cost of solar panels in Mississippi is measured by dollars per watt. According to Berkeley Lab’s Tracking the Sun report, a residential solar system costs $3.82 per watt, which totals about $24,742 for the entire solar array. 

However, tax credits and rebates can help lower the price. The average solar panel payback period in Mississippi is six to nine years. However, you might look into federal tax credits, plus state and local incentives, which are often offered through the utility.

Get an exact quote from our solar advisors

The SaveOnEnergy marketplace helps you search, compare, sign up and save on the right energy fit for your home — all for free. If you’re interested in solar, answer a few questions to get an exact price quote from our solar advisors.

1. Complete the form below
2. Schedule an appointment with a solar advisor
3. Get an exact price quote for solar panels for your home

Mississippi solar incentives or rebates

The cost of solar panels in Mississippi can be quite pricey; however, Mississippi solar incentives and rebates as well as those offered by the federal government can lower the cost of installing solar panels.  

Currently, there is a federal incentive called the Residential Clean Energy Credit, which was recently implemented with the Inflation Reduction Act. If a homeowner purchases and installs solar panels on their residence in Mississippi, they could be eligible for a 30% tax credit on the cost of the system. This credit extends through 2032 and can even be retroactively applied to solar panels purchased in the beginning of 2022. 

Mississippi as a state does not offer dedicated solar rebate programs at the moment. Make sure to check the Mississippi section of the DSIRE database regularly to see what is available, as programs can change, and there might be some Mississippi solar rebates and other incentives available down the line.  

Mississippi does also offer net metering. This means that, depending on the local utility, you may be able to sell excess electricity generated by your solar panels back to the utility company. Mississippi adopted this legislation in December of 2015. 

Why choose Mississippi solar power?

Lower energy costs

Lower energy costs are the largest draw of installing solar panels. Energy bills are only getting more unpredictable and do tend to increase over time, so grid independence can be a huge perk. Installing solar might also increase a home’s value since homebuyers in the market might consider added solar arrays a benefit. 

Solar is also an investment that can help you save over time. The panels are expensive upfront, but when you finance them, you’re left with the savings from generating your own power.

Establish energy independence

Increasing age and extreme weather have stressed the U.S. energy grid. According to the U.S. Energy Information Administration, U.S. customers had almost six hours of interrupted power in 2018. In 2017, there was close to eight hours of interrupted power. Then, between 2013–2016, the average U.S. household had around four hours of interrupted power. If you install solar panels paired with a solar battery that stores up any power you don’t use during the month, you would likely have a power reserve and be able to keep powering your home, even if the grid was down.  

Go green

For homeowners with a concern for the environment, installing solar panels in Mississippi is one of the most direct ways to help the environment and decrease dependency on natural gas. Solar is a renewable and green resource, meaning it doesn’t deplete natural resources and can reduce a household’s total carbon footprint. 

Many consumers also choose to power their electric heating systems using solar, which usually proves to be a good choice for residents in the warmer Mississippi climate. 

Should I buy or lease solar panels in Mississippi?

Buying solar panels instead of leasing them is your best option for long-term savings if you are able to do so. Installing solar panels in Mississippi has the potential to add $15,000 to your home’s value, according to the Office of Energy Efficiency & Renewable Energy.

Leasing can be a solid choice for many homeowners since it does allow more consumers to install solar. However, keep in mind that leasing might not lead to the same total savings over the lifespan of the panels as buying panels would. The incentives and rebates available to you might even be affected if you choose to lease.

The $25,000 investment into a solar system can be out of reach for many consumers. However, there are options to look into, like a shared solar program or community solar program in Mississippi. Community solar programs offer residents the use of solar arrays to power multiple homes. Residents can sign up for purchase plans or subscriptions and use the community solar array that way. If you’re looking to start smaller,  try looking into smaller-scale solar devices, like solar panels that fit on an RV.  

Mississippi solar power companies

There are several quality solar installation companies to choose from for homeowners in Mississippi. SaveOnEnergy is an independent energy marketplace that can help you find the best solar installer for your budget and needs in Mississippi. When you’d like to make a decision on a Mississippi solar installation company, fill out this form or call us at the number on the screen to speak with one of our experts.

If you’d like to do some more research, our solar guides can help you determine if solar is right for you. Solar needs to work for both your home type and energy use. You can find out more about green energy rates with our guide, as well.

Important solar installation factors to consider

Factors for how effective solar power for your Mississippi home can be include: 

  • State of your roof: Time and weather can wear down older roofs, making them less capable of supporting the weight of a solar system. The roof must also be angled in a way that captures enough sunlight for panels to effectively produce energy. Check out the guide to learn more about what makes a roof work for solar panels.  
  • Access to sunlight: Sunny days are frequent in Mississippi, but if your yard is overly shaded, solar panels might prove to be ineffective. If you’re able and willing, cutting down and thinning out trees might work.  
  • HOA regulations: Your local HOA or neighborhood might have restrictions on solar panel installation. Some neighborhoods might consider them an eyesore, or you might have to simply seek approval before installing solar.

Check out our guide on how solar panels work to learn more.

Solar Power FAQs

How much does solar cost in Mississippi? Expand / Collapse Toggle

You’ll often see solar panels priced per watt and running about $3.82 per watt on average. The whole array often can cost about $25,000.on average However, interest rates from leasing an array can also affect the costs. The installation prices, which are included in the total price, could change in different areas and installation companies. You might want to look into a solar power purchase agreement (PPAs) to help ease the initial blow. 

Is solar power a good investment in Mississippi? Expand / Collapse Toggle

If you are considering solar, you might look at putting them in as soon as possible to increase the amount of energy savings over time. However, those savings may depend on your location, the amount of sun you get in any specific year, and the amount of energy your household uses each day. 

How much could you save by investing in solar? Expand / Collapse Toggle

Savings from solar panels can depend on a number of factors. A larger array can store and generate more energy, but your roof and budget might inform how large your array can even be. Also, if you use more energy on a daily basis, you would naturally stand to save more over time. Net metering incentives might allow you to sell power back to your utility, meaning more savings. Also, get the best solar battery and panels so your equipment lasts for years, saving you more money over time. The efficiency of the solar panels in Mississippi should be rated high, as well.

Where can I find a good solar panel installer in Mississippi? Expand / Collapse Toggle

Mississippi is home to several quality solar installers. However, make sure to shop around before signing a solar contract in Mississippi. SaveOnEnergy can help connect you to the best solar installer for your needs; start by completing this form or talking to one of our experts at the number on your screen. You can also learn more about installing solar for your residence with our guides.

How does solar power help the environment? Expand / Collapse Toggle

Solar power is considered a 100% renewable resource as well as a green one, meaning it generates energy directly from sunlight and does not emit air pollutants like carbon dioxide. Solar can also help you achieve a higher level of independence from a power grid that tends to rely on traditional sources of energy that emit carbon emissions to power homes.