Mississippi's electricity prices average $0.12/kWh, up slightly from the year prior and slightly below the national average of $0.14/kWh.
Cost of a Solar Install
The average cost of a 5.5kW (equivalent to saving 100 trees a year) solar power system starts around $12,000 in Mississippi. That system would pay for itself through energy savings within 6-7 years. System life can span well over 25 years, and savings will improve with inflation.
Going Solar in the Magnolia State
Renewable energy accounted for roughly 2% of net power generation in Mississippi, about 20% of which came from solar in 2019. Half of that came from industrial, and half from residential power generation in that time.
Mississippi is one of a just a handful of states with no net metering policy at the state level. Even without any incentives worthy of note, after the federal Investment Tax Credit, the energy savings of a solar power system can really add up!
