Discover the Power of Solar Energy in Mississippi!
Welcome to Mississippi, a state known for its warm hospitality, rich cultural heritage, and now, its emerging potential in the renewable energy sector. Blessed with a favorable climate that includes a generous amount of sunshine year-round, Mississippi offers a vibrant landscape for solar power adoption. This potential opens up an inviting opportunity for homeowners and businesses to harness clean, renewable energy, aligning with the state?s efforts to embrace sustainability and reduce its environmental footprint. Supported by attractive incentives aimed at easing the financial aspects of solar technology adoption and a community increasingly aware of the benefits of green living, Mississippi is setting the stage for a remarkable transition to solar energy. Learn how tapping into Mississippi?s abundant solar resources can illuminate your home, cut down on energy costs, and contribute to a healthier environment in the Magnolia State. Join us in capturing the sun?s boundless energy and stepping into a brighter, more sustainable future in Mississippi.
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Mississippi State Solar Incentives
Entergy Mississippi Low-to-Moderate Income Residential Incentive Program
Entergy Mississippi offers up to $3,000 cash incentive for low-to-moderate income residents who install renewable distributed generation facilities.
Mississippi Power Low-to-Moderate Income Residential Incentive Program
Mississippi Power offers cash incentives for low-to-moderate income customers installing renewable energy facilities or certified battery storage systems.
Interconnection Standards
Mississippi Public Service Commission established net metering in 2015 with interconnection standards for distributed generator facilities, applicable to all investor-owned utilities.
Net Metering
Mississippi PSC's net metering policy incites behind-the-meter electricity generation through renewable sources. Excess power is credited at the utility's wholesale cost plus a premium.
Mississippi Clean Energy Initiative
Mississippi Clean Energy Initiative offers tax exemptions to businesses manufacturing renewable energy systems, with a minimum investment of $50M and creation of 250 full-time jobs.
Federal Solar Incentives
USDA - Rural Energy for America Program (REAP) Grants
REAP, administered by USDA, provides financial aid to small rural businesses and agricultural producers for sustainable energy projects. Grants cover 25% of the project cost, up to $25 million.
Interconnection Standards for Small Generators
New FERC order mandates small generators under 20 MW to maintain operation during abnormal frequency and voltage events, enhancing interconnection efficiency.
USDA - Rural Energy for America Program (REAP) Loan Guarantees
The Rural Energy for America Program (REAP) supports agricultural producers and rural businesses in the US by providing financial aid for renewable energy projects and energy efficiency improvements.
Clean Renewable Energy Bonds (CREBs)
Clean Renewable Energy Bonds (CREBs) were used by public entities to fund renewable energy projects. They were repealed in 2017.
Qualified Energy Conservation Bonds (QECBs)
Qualified Energy Conservation Bonds (QECBs) financed energy projects by local governments. Discontinued in 2018, they offered tax credits as interest to bondholders.
Office of Indian Energy Policy and Programs - Funding Opportunities
The DOE's Office of Indian Energy Policy and Programs aids tribes in attaining energy self-sufficiency and economic growth through renewable energy and energy efficiency technologies.
Fannie Mae Green Financing – Loan Program
Fannie Mae's Green Financing offers loans for multifamily properties aiming for energy and water efficiency improvements. Eligible properties can access favorable rates and additional loan proceeds.
Energy-Efficient Mortgages
Energy efficient mortgages (EEM) allow homeowners to finance energy-saving renovations or purchase new energy-efficient homes. These loans, insured by the U.S. government, aim to promote energy efficiency.
Green Power Purchasing Goal for Federal Government
The Energy Policy Act of 2005 set a goal for federal buildings to use 7.5% renewable energy by 2013. This target was increased to 30% by 2025 but later rescinded in 2018.
USDA - High Energy Cost Grant Program
USDA's grant program, enhancing energy generation in rural areas, concluded its latest application period on July 6, 2021. Updates can be found on the program website.
Residential Energy Conservation Subsidy Exclusion (Personal)
US law exempts energy conservation subsidies provided by utilities from taxation but requires adjustments for federal tax credits. IRS guidance on solar rebates is unclear.
Residential Renewable Energy Tax Credit
H.R. 5376 extends tax credit for energy storage systems and excludes biomass heaters, with credit amounts varying by technology type and installation date.
U.S. Department of Energy - Loan Guarantee Program
The Inflation Reduction Act has allocated $11.7 billion to the LPO for new loans, boosting loan authority by $100 billion, and setting up the Energy Infrastructure Reinvestment Program.
Business Energy Investment Tax Credit (ITC)
The Inflation Reduction Act of 2022 updates the federal Business Energy Investment Tax Credit, introducing new eligibility criteria, bonus credits, and transitions the tax credit to a new section.
Renewable Electricity Production Tax Credit (PTC)
The Inflation Reduction Act of 2022 introduces changes to the federal renewable electricity production tax credit, introducing new bonus credits and eligibility criteria.
Residential Energy Conservation Subsidy Exclusion (Corporate)
U.S. energy conservation subsidies provided by public utilities are tax-exempt, but this does not extend to certain electricity-generating systems. Tax credits can't be claimed for unsubsidized expenses.
Modified Accelerated Cost-Recovery System (MACRS)
The Tax Cuts and Jobs Act of 2017 allows 100% depreciation for qualified assets, impacting renewable energy technologies. MACRS classifies these technologies for depreciation purposes.
Energy and Emissions Goals and Standards for Federal Government
President Biden's Executive Order 14057 sets ambitious sustainability goals for the US, including 100% carbon-free electricity by 2030 and a fully zero-emission federal fleet by 2035.
