Cost of Solar Panels in Mississippi: Local Solar Installation Prices (2022)

Here’s a quick look at the estimated cost of solar in Mississippi:

  • Average Cost Per Watt: $2.64
  • Cost of Average System: $22,466*
  • Cost of Energy Without Solar: $50,507
  • Payback Period: 13 Years**
  • Lifetime Savings of Going Solar: $20,147

*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.

Ecowatch Author Karsten Neumeister

By Karsten Neumeister, Solar Expert

Updated 5/17/2022

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Find Cost Savings on Solar in Mississippi

As a homeowner in Mississippi, you may be wondering: How much do solar panels cost in your area? In this article, we’ll discuss the average cost of a solar installation, how much that can save you on energy for your home and what incentives are available in your region. If you want to jump straight to getting a quote for an installation, you can follow the links below to speak with a verified professional.

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Cost of Solar Panels in Mississippi

The cost of solar panels in Mississippi is around $2.64 per watt, on average, which is just below the national average of $2.66. Most Mississippians require a system that is approximately 11.5 kilowatts to offset their energy costs (average of $128/month).1 This is much larger than the average system size in America. Plugging these figures into our solar calculator, the standard cost of solar panels in Mississippi is $30,360 before the 26% federal tax credit, or $22,466 after. 

Solar Panel System Installation Cost in Mississippi

The size of the system you require is almost always the primary cost factor when pricing your solar energy system. For each kilowatt you need to add on to cover your energy needs, your total will increase by an average of $2,640. The average system size in Mississippi is 11.5 kilowatts, but the table below provides some estimated pricing for other common system capacities in the state.

Size of Solar Panel System Solar Panel Cost Cost After Federal Tax Credit
9 kW $23,760 $17,582
10 kW $26,400 $19,536
11 kW $29,040 $21,490
12 kW $31,680 $23,443
13 kW $34,320 $25,397
14 kW $36,960 $27,350
15 kW $39,600 $29,304

Interested in seeing the top solar installers in your area that offer affordable, high-quality systems? Click here.

What Determines the Cost of Solar Panels in Mississippi?

The capacity requirements of your system — which are determined predominantly by your monthly energy usage (measured in kilowatt-hours) — will be the most significant cost factor when estimating the total price of your solar electric system. However, there are other things that can bring your total well above or below the average cost. We’ll discuss three additional factors to consider below.

Solar Equipment

The solar equipment you want to be installed in your home can range in durability, efficiency and price, and different brands will be used to fit different needs and budgets. Of course, choosing the most affordable solar panel brands will keep your upfront costs lower. Upgrading to the most efficient solar panel and equipment brands will cost more upfront, but a higher efficiency will usually save you more over the system’s lifespan. Some examples of higher-end equipment that often offer a better return on investment include Maxeon/SunPower solar panels and Tesla Powerwall batteries.

Even if you choose the same brand of equipment as another homeowner, your equipment can vary in price quite a bit because not every home solar project includes the same pieces of equipment. All residential solar systems that aren’t off-grid include an inverter and panels, but you can add on equipment options like solar batteries and electric vehicle chargers or services like energy monitoring that can bump up your total cost.

Solar Financing

Solar financing is a great option for many Mississippi homeowners who struggle to rationalize spending the average $22,466 in cash on a solar conversion. A solar loan can reduce your upfront payment to just a few hundred dollars — or nothing at all with a no-money-down option — and it lets you spread out your payment over several years.

However, as with all loans, solar financing comes with added costs in the form of interest. A solar installation company can help you figure out what your all-in payments will total, including interest, and this can help you decide if solar is worth it for you.

Keep in mind that you can minimize the amount you’ll pay in interest by increasing your down payment and finding a solar installer that offers a low-APR loan.

Solar Installation Company

Mississippi homeowners have a relatively small selection of solar installers that service the state, but your company of choice can have a significant impact on the total price paid to go solar. Each solar panel installation company can vary in price based on labor charges and warranties included. However, the equipment offered can make a considerable difference when it comes to the cost of the system.

Companies typically only provide access to a handful of solar equipment brands. Those that only install high-efficiency equipment will naturally have higher prices because the equipment itself costs more. However, it’s crucial to consider value for the money, as cheaper isn’t always better in the solar industry. More costly equipment is often higher-quality and could save you more over time on your energy bills.

Mississippi Solar Incentives

Both the federal government and the state government in Mississippi provide incentives to promote solar conversions and make renewable energy more accessible to everyone. According to the Solar Energy Industries Association (SEIA), Mississippi ranks 36th in the nation for the most solar-friendly states.2 While state incentives are limited as solar power in Mississippi gains popularity, they can still help you save money on your system. 

Mississippi Solar Incentive How it Affects the Cost of Solar Panels in Mississippi
Mississippi Clean Energy Initiative This program is a tax incentive for solar manufacturers, but the savings can often result in a lower cost of going solar for homeowners. Companies that qualify have a 100% tax exemption on income, franchise taxes, and sales and use tax for 10 years. This can create opportunities for homeowners to enjoy lower costs of going solar overall, and it promotes conversions throughout Mississippi.
Net Metering Net metering is a policy that lets energy flow back and forth between your PV system and the grid, depending on whether your system is under- or over-producing. You’ll end up paying for energy pulled from the grid, less any excess energy sent to the grid.

All investor-owned electric utilities in Mississippi offer net metering, but a large portion of the state is covered by cooperatives. Electric co-ops in Mississippi will all have different policies, so it’s best to check with your local utility company before committing. The state of Mississippi does not have any statewide net metering standards, so you’ll need to check your provider’s interconnection and net metering rules. 

Local Solar Rebates & Incentives Unfortunately, Mississippi residents don’t have access to statewide solar rebates or incentives. However, your local utility company or local government might offer energy efficiency rebates to help you save some money. You can check the DSIRE database for more information on what’s available in your area. 
Federal Solar Tax Credit The federal solar investment tax credit (ITC) is a credit on your federal income taxes in the amount of 26% of your total photovoltaic system cost. In Mississippi, where the average system costs $30,360, that’s a typical credit of $7,894.

Best Solar Panel Brands and Installed Solar System Costs in 2022

The table below provides a list of some of the best solar panel brands available in Mississippi. We have also included a relative pricing guide to help you rule out specific brands that are unlikely to fit into your budget.

Solar Panel Brand Average Cost Per Watt ($-$$$$$)
LG Solar $$$
Canadian Solar $$
JA Solar $$
Mission Solar $$
Panasonic $$
Q Cells $$
REC $$$
Silfab $$$
SunPower $$$$$
Tesla $$
Trina Solar $$$

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People Also Ask 

EcoWatch FAQ: Solar Panel Cost Mississippi

The EcoWatch team is thrilled to get questions regularly from Mississippi residents looking to go solar. To help guide you through the process, we’ve included some of the most frequently asked questions below, along with our responses.

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Karsten Neumeister

Solar Expert

Karsten Neumeister is a solar energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the renewable energy sector of New Orleans, focusing on solar energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.