Solar Incentives Available in Mississippi
Mississippi's net metering program allows commercial businesses with solar systems sell the excess energy that their system generates back to utility companies at the utility's wholesale value plus an additional 2.5 cents per kilowatt hour.
Mississippi businesses can take advantage of the federal Energy Investment Tax Credit program. This allows businesses to claim 30% of their solar system costs as a federal tax credit, and additional tax credits are available depending on the district.
Business owners in Mississippi can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
What is the REAP Grant (Rural Energy for America Program)?
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant designed to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
savings | Take advantage of REAP Grant savingsThe REAP grant can cover up to 50% of your solar energy system costs allowing you to break even in as little as 1 year. There are millions of dollars available to rural and small to mid-size businesses in Mississippi, as well as AG producers through this program. |
handshake | How can Greentech Renewables help?Greentech Renewables can help you with each stage of the grant application process, from finding an installer to working with a grant writer. |
sunny | Can I take advantage of the REAPGrant?Small businesses in eligible rural areas of Mississippi and any agricultural producer can apply and may be eligible.
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Act Now!
Mississippi has implemented harsh restrictions limiting the impacts of net metering and there are very few state-specific solar incentives available to reduce to the cost of installing solar, making the REAP grant even more attractive to MS business owners. The 50% rebate on your solar energy system is one of the best incentives offered in the history of the solar industry. Take advantage of the USDA's REAP Grant in MS while it is still available. Fill out our interest form to get started!
The REAP Grant is available in:
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