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Cost of Solar Panels In Mississippi

Updated February 2, 2024

The Cost of Solar Panels in Mississippi

Mississippi is quickly rising as one of the top places to go solar in the US! Graced with generous sunlight and fortified by a range of financial benefits, more than 50,000+ homes and businesses throughout Mississippi have already made the switch to solar energy.

Curious about the cost of installing solar panels in Mississippi? Delve into our detailed cost analysis of solar panels tailored to our state's specifications below, or obtain a custom solar estimate for your premises in just a few minutes!

Get started with your free Solar Savings quote!

How Much Do Solar Panels Cost In Mississippi?

The latest insights from the solar industry indicate that the average cost of solar panels in Mississippi ranges from $10,000 - $15,000, contingent on your home's dimensions and energy requirements. Considering the average MS home spans about 2,000 sq ft., the average cost of solar panels in Mississippi is $14,549 prior to leveraging Mississippi-specific solar incentives.

Here’s a more complete breakdown of the cost of solar panels in Mississippi, by home size.

Home Size (sq ft)

System Size

Average Costs

1,500 - 1,750 3 kW $10,214
1,750 - 2,000 4 kW $12,799
2,000 - 2,300 5 kW $14,549
2,300 - 2,500 6 kW $17,322
2,500 - 2,800 7 kW $19,408
2,800 - 3,000 8 kW $22,119

 

** It's important to note that these costs DO NOT include the thousands you can save by utilizing your Mississippi Solar Incentives. See which solar financial incentives you qualify for by entering your zip code below!

Enter your zip code to see which MS Solar Incentives your qualify for!

Do I Qualify?

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Factors Impacting Solar Costs in Mississippi

Mississippi homeowners increasingly view solar energy as both an eco-friendly choice and a wise financial decision. The cost of solar panel installation in Mississippi is determined by three main factors:

  • Your home's energy consumption.
  • The specific type of solar panels selected.
  • Optional additions like solar batteries or more panels.

Despite varying initial costs, solar panels can lead to notable savings. Many homeowners in Mississippi report electricity bill reductions of 40% to 60%. As a result, the investment in solar panels often pays for itself in less than ten years.

Installation & Labor Costs

Adopting solar energy in Mississippi involves more than just buying panels. It includes:

  • Professional installation.
  • Obtaining necessary permits.
  • Passing mandatory system inspections.

These foundational steps generally make up 10% to 20% of the total solar cost. However, Mississippi residents have options to reduce these starting costs. Check out our complete guide to installing solar panels for free in Mississippi!

Equipment Costs

In Mississippi, the majority of your solar cost (approximately 60-70%) is directed towards primary equipment. This includes:

  • Solar panels
  • Inverters.
  • Mounting equipment.

These key parts work together to provide a consistent supply of renewable energy.

Solar Taxes

Considering solar in Mississippi requires awareness of potential sales taxes on equipment and possible property tax increases due to enhanced home value. The good news? Mississippi has various incentives like tax breaks for those adopting solar. For a detailed understanding of Mississippi's solar tax benefits, please enter your zip code below!

Enter your zip code to see which Solar Tax Incentives your home qualifies for!

Do I Qualify?

Please enter a zip code

Ways to Minimize Solar Panel Costs in Mississippi

Mississippi homeowners have promising opportunities ahead if considering solar energy. The state actively supports the adoption of renewable energy through varied financial incentives.

Discover Solar Incentives

Ready to learn about solar incentives available to you? Request a solar incentive report from trusted industry experts, like EcoGen America. They provide:

  • Insights into available solar discounts.
  • Guidance on application processes.
  • Estimates on tailored solar panel systems for homes.

ROI on Solar and Payback Period

Thinking about how long it takes for solar panels to pay off in Mississippi? Many homeowners recover their investment in just 7-9 years, thanks to Mississippi's energy prices and solar incentives. After this period, savings from solar directly boost your profits. This ROI is a primary reason for the growing number of Mississippi residents adopting solar.

Solar Financing Solutions

Concerned about initial solar costs? Mississippi offers multiple solar financing options:

  • Power purchase agreements (PPAs).
  • Dedicated solar loans.

With a PPA or solar loan, start your solar journey without the burden of large initial expenses. For more on starting your solar journey affordably, see our guide How to Install Solar Panels for Free in Mississippi!

Solar Incentives in Mississippi

Mississippi provides a range of solar incentives. Homeowners here can:

  • Claim tax benefits.
  • Possibly avoid taxes on increased home value post-solar installation or on solar equipment purchases.

Additionally, initiatives like the Mississippi Renewable Energy Program might reward homeowners based on their solar system's output. These benefits reinforce solar energy as a wise choice in Mississippi.

For a comprehensive list of Mississippi's Solar Incentives, click here!

Embracing solar energy in Mississippi is now more affordable than ever. With robust state incentives and multiple financing choices, you're well-placed to harness solar power and enjoy its financial and environmental rewards.

Enter your zip code below to see which MS Solar Incentives you qualify for!

Do I Qualify?

Please enter a zip code

Are Solar Panels Worth it in Mississippi?

Definitely! For many in Mississippi, solar isn't just about panels on rooftops. They mean potential savings on electricity bills and a step towards a greener planet. Thanks to Mississippi's support for green energy through incentives and tax benefits, many homeowners recover their solar costs within 7-9 years. And the benefits continue, with years of reduced electricity bills.

Check out the pros and cons of solar panels in Mississippi

Thinking about solar in the Magnolia State? It's easier with expert advice. Get a quick, obligation-free solar quote that includes:

  • A virtual review of your property.
  • Information on Mississippi solar benefits.
  • An estimate of your potential savings.

Why wait? Discover solar benefits in Mississippi today and join many others enjoying clean and cost-effective energy!

Make the switch to solar and start saving in Mississippi!

Contact our team of local energy advisors and see how much you can save with solar in MS!

  • You may be eligible for FREE Installation 
  • All quotes are 100% free with no obligation.

Author & Solar Energy Expert

James Kahle, a revered voice in the energy domain, enlightens homeowners about the benefits of solar. Catch James soaking up the sun while playing basketball or immersed in the pages of a book.

Want to see how much you could save with solar in Mississippi?

Use our Free Solar Savings Calculator to see your potential savings by switching to solar.