MISSISSIPPI
Solar in Mississippi
When it comes to sunshine, the Hospitality State isn’t lacking! Mississippi exceeds the national average of 205 sunny days by 11 days.* For that reason, it’s no surprise that roughly 82% of the structures in the state have the viability to be sources of solar energy.*
Though the state is notorious for underutilizing its solar energy potential, its government is attempting to embrace clean energy. The state has invested $354 million into solar energy,* with a growth projection of 873 MW from 318.5 MW within five years.
Solar potential in Mississippi?
Solar energy has a great potential in Mississippi. The state receives an average of 4.5 hours of sunlight per day, which is more than many other states in the United States.
Currently, 0.68% of Mississippi’s electricity comes from solar energy,* which is enough to power 34,294 households. Mississippi got its first solar power facilities in 2017, but its clean energy production had tripled by 2020.In the first quarter of 2021, Minnesota generated 1,601.6 MW of solar energy – enough for 215,771 homes. IKEA, in Bloomington, MN, has one of the largest corporate solar systems in Minnesota. It produces 1 MW of solar power, but the Slayton Solar Project is even more significant, producing up to 2 MW of electricity.*
Cost of solar in Mississippi?
The cost of a home solar system can vary, even in the same state, due to a range of factors. These include:
Quality of the solar panels
Solar equipment and installation type
Roof condition
Household energy consumption
Interconnection cost to the local power grid.
In Mississippi, we found that the average investment to own a 5 kW solar system is $13,650, or in other words, $2.77 per watt—and that’s before considering the benefits of any available tax credits or incentives.
Advantages?
The advantages of solar in Mississippi are numerous. These include:
Reduced electricity bills: Solar panels can generate electricity for your home, which can help you reduce your electricity bills. The amount of savings you can expect will vary depending on the size of your solar system, the amount of sunlight your home receives, and your current electricity rates.
Increased home value: Solar panels can increase the value of your home. A study by the National Bureau of Economic Research found that homes with solar panels sell for an average of $15,000 more than homes without solar panels.
Environmental benefits: Solar panels are a clean and renewable source of energy. They do not produce any emissions, which can help to reduce air pollution and greenhouse gas emissions. Solar panels can also help to make Mississippi a more sustainable state.
State incentives: Mississippi offers a number of incentives for homeowners who install solar panels. These incentives can include tax credits, rebates, and grants.
In addition to being a clean source of renewable energy, solar energy influences the environment positively. The more that residents and businesses use clean energy, the less dependence the state will have on fossil fuels that add to harmful greenhouse gas emissions. Solar panels for homes produce no pollution and are easy to maintain.
Financially, it makes sense to invest in solar energy. Homeowners with solar systems can experience a significant decline in utility costs by generating their own power. Over time, the system will pay for itself and begin to generate costs savings for homeowners. The average payback period in Mississippi is about 14 years, with a 25-year net profit of around $17,000,* not including rebates and other incentives.
Even with the initial out-of-pocket cost for equipment and installation, solar systems have a high return on investment.
Disadvantages?
Shade: Solar panels need direct sunlight to generate electricity. If your home is in a shady area, or things are covering your panels you may not be able to generate as much electricity with solar panels.
Weather: Some Solar panels can be damaged by hail, snow, and strong winds. However, our solar panels are designed to withstand these conditions and even extreme weather conditions like hurricanes, tornado, and blizzards.
Panels aesthetic: Our solar panels are different. They are all black, sleek, and thin. They have a more modern look. Some people find solar panels on homes unattractive and if your feel like that we also offer Ground mount installations. It’s a great option if you have open land that receives good sunlight.
Mississippi state policies?
These policies include:
Net metering: Net metering allows homeowners to sell excess solar power back to the grid. This can offset the cost of your electricity bills.
Property tax exemption: Mississippi exempts homeowners from paying property taxes on the increased value of their home that is due to solar panels.
SRECs: Mississippi offers Solar Renewable Energy Certificates (SRECs) to homeowners who generate solar power. SRECs can be sold to utilities or other entities, which can provide additional income for homeowners.
Maintaining solar panels?
Solar panels are relatively low-maintenance. However, you should have them cleaned every few years to remove dirt, dust, and debris. You can clean your solar panels yourself, or you can hire a professional to do it for you.
What's the best way to go solar?
Are you interested in going solar in Mississippi? If so, we can help!
Before going solar, be sure to keep in mind factors that will affect the output of clean energy to your home. For instance, South-facing roofs generate the most energy, followed by west-facing roofs. North-facing roofs generate the least amount of energy. We look into multiple aspects to make sure you have the most effective setup such as roof orientation, roof pitch, shade, and weather.
We offer a free virtual consultation and savings report to help you determine if solar is right for you. We will also help you access solar incentives and rebates to reduce the cost of installation.
Freedom Forever solar panels system is Top-Tier and backed by a 25-year full system production guarantee. We also offer a satisfaction guarantee, so you can be sure that you are making the right decision and test it out stress free.
If you are interested in learning more about solar power in Mississippi, please contact us today for a free virtual consultation.
We look forward to helping you make the switch to solar!