Mississippi State Solar Power Rebates, Tax Credits, and Incentives

Building Type:

Residential

State & County:

MS - Jackson

Utility:

Entergy Mississippi Inc

Utility Type:

Investor-Owned Utility

Assumed Average Electric Rate:Please check against your bill

$0.1012/kWh

Assumed Average Monthly Electricity Usage: Please check against your bill

1,300 kWh/Month

Your Average Monthly Electricity Bill: (Assumed rate x average monthly usage)

$132 / Month

Tiered Rates Apply:

No

Time-of-Use Metering Offered:

No

Net-Metering Available:

No

ESTIMATED SYSTEM SIZE

The system size best for your situation will vary based upon product, building, geographic and other variables. We encourage you to work with a Solar Pro who can better estimate the system size best for your situation. We estimate your building will need a system sized between 4.80 kW and 7.20 kW of peak power. This estimate assumes the mid-point of this range.

Solar Rating:

Good (4.947 kWh/sq-m/day)

Solar System Capacity Required:

6.00 kW of peak power (DC watts)

Roof Area Needed:

600 sq-ft

ESTIMATED SYSTEM COST

This is only an estimate based upon many assumptions. Installation costs can vary considerably. We encourage you to work with a Solar Pro who can provide you with a more detailed cost estimate. We estimate that a 6.00 kW peak power system will cost between $43,200 and $64,800. This estimate assumes the mid-point of this cost range.

Assumed Installation cost:

(before rebates, incentives or tax credits).

$54,000 assuming $9 /watt

Expected Entergy Mississippi Inc Utility Rebate:

($0)

Expected MS State Rebate:

State incentive does not apply to this utility

($0)

MS State Tax Credit/Deduction

($0)

Federal Tax Credit:

(Installation type: Residential )

($2,000)

Income Tax on Tax Credit:

$0

YOUR ESTIMATED NET COST:

$52,000

Monthly Payment (6.5% apr, 30 years):

$329

SAVINGS & BENEFITS

Increase in Property Value:

$13,760

Exempt from Property Tax:

No

Accelerated (5 yr) Depreciation:

(Installation type: Residential )

No

First-year Utility Savings:

Since this is not a business application, these savings are in after tax dollars. So, your realized savings may actually be higher!

$688

Average Monthly Utility Savings:

(over 25-year expected life of system)

$96

Average Annual Utility Savings:

(over 25-year expected life of system)

$1,155

25-year Utility Savings:

$28,870

Return on Investment (ROI):

(with Solar System ave. cost set as asset value)

140%

Return on Investment (ROI):

(with Property appreciation set as asset value)

531%

Years to Break even:

(Includes property value appreciation)

20 years

Years to Break even:

(Assuming no property value appreciation)

27 years

Greenhouse Gas (CO2) Saved: over 25-year system life

160.0 tons (320,000 auto miles)