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With the cost of solar systems falling and an important federal tax incentive stepping down at the end of 2020, now is a good time for Mississippi residents to go solar. Installing solar panels is a good choice for anyone interested in saving money on utility bills and doing something positive for the environment.
In just one year, Mississippi's rank for solar has gone up from 43 to 27. The Solar Energy Industries Association provides this ranking based on a variety of factors, including the number of homes that can be powered (34,270) with the installed solar capacity, and the number of solar jobs (847).1 That rank could be getting higher, however, thanks to pricing that has fallen 40% over the last five years and the projected growth of 580MW of solar power in Mississippi over the next five years.1
Net metering enables some solar system owners to feed excess renewable energy from their systems into the local grid, reducing the demand for fossil fuels. In areas where net metering is available, utilities will offer payments, usually in the form of energy credits, to utility customers who sell their excess energy to the grid.
Mississippi's net metering rules only allow instantaneous generation and use to be credited at the retail rate. Customers' electricity contributions to the grid will only be credited at the utility's wholesale electricity rate plus an additional 2.5 cents per kWh premium. Residential systems up to 20kW are eligible for net metering.2
As a way to promote clean and renewable energy, the federal government has put in place two nationwide solar incentives that are available to Mississippi residents. Homeowners should apply for them shortly after installation is complete. Our experts from LG's Solar Concierge can help you understand these incentives and how to apply.
1. “Mississippi Solar.” SEIA. April 24, 2019. Web:
2."Mississippi Solar Policies". NREL. July 23, 2020. Web:
3. “Mississippi – Residential Property Assessed Clean Energy.” State Policy Opportunity Tracker for Clean Energy. April 24, 2019. Web:
4. “Solar Investment Tax Credit.” SEIA. April 11, 2019. Web:
5. Federal Government of the United States. "Title 26 - Internal Revenue Code". Federal
Government of the United States. Federal Government of the United States. p.520. n.d. Web:
https://www.gpo.gov/fdsys/pkg/USCODE-2011-title26/pdf/USCODE-2011-title26-subtitleA-chap1-subchapB-partIII-sec136.pdf. 10 Dec. 2018.
Because life waits for no one, at LG USA we create consumer electronics, appliances and mobile devices that are designed to help you connect with those who matter most. Whether that means cooking a nutritious, delicious meal for your family, staying connected on-the-go, sharing your favorite photos, watching a movie with your kids or creating a clean, comfortable place to celebrate the moments that matter, we'll be there for you every step of the way.
Designed with you in mind, LG products offer innovative solutions to make life good. With intuitive, responsive controls, sleek, stylish designs, and eco-friendly features, our collection gives you the power to do more at home and on the go. It includes:
Mobile: To help you stay connected your way, our mobile devices feature powerful smartphones, slim tablets and stylish smartwatches that fit seamlessly into your life. And whether you want to download the latest apps, shop online, text, track your fitness or just surf the web, they make it easy to do it all on-the-go.
TV/Audio/Video: If you can't get enough of your favorite sports, the latest movies, love 3D entertainment -- or just want to listen to your favorite music in stunning clarity -- our newest electronics can help you experience it all in a whole new way. Featuring brilliant pictures, lifelike colors and sound that envelop you from the very first note, our collection will transform your living room into a stunning home theater.
Appliances: Created to help you enjoy more of what life has to offer, our appliance collection features ranges and ovens that can help you cook healthy, delicious meals more efficiently, clean your dishes faster, do more laundry in less time, and even clean and cool your house so you can enjoy a comfortable space all year long.
Computer Products: Life happens in an analog environment -- and on a digital plane. And our newest computer products can help you experience the best of both worlds. Designed to give you crystal-clear images, deep blacks and rich colors, plus the speed and storage you need to work and play, safeguard memories and protect important documents, they can help you make the most of life in every way.
Explore our complete collection of LG electronics, mobile devices, appliances and home entertainment solutions -- and find everything you need to connect with your friends and family, no matter where they are.