Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Better energy independence: Solar panels can keep your home powered through blackouts and emergencies, giving you additional security. You can use your solar energy anytime with optional battery storage.
- Lower energy bills: Generating some or all of your own energy will save you money on your electric bills long-term.
- Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.
What Solar Incentives Are Available to Jackson Homeowners?
The state of Mississippi offers a range of solar incentives to help offset your solar system costs. Here's a breakdown of relevant solar programs where you live.
Incentive Type: Rebate ProgramWebsite: southernpine.coop
Comfort Advantage Plus Home: $500
Comfort Advantage Home: $300
Additional Heat Pump: $150/Unit
Additional Geothermal HVAC: $500/Unit
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Jackson
The purchase price and efficacy of solar panels often rely on the provider that installed them. Here are some crucial criteria to consider while searching for a solar specialist.
Licensing and Training
Mississippi requires that solar contractors carry a Solar and Wind Construction classification on a per-job basis. Jobs valued at under $50,000 may be exempt from licensure requirements. A contractor may also require an electrical or plumbing certification if either portion of related work is valued at more than $50,000. Solar providers can also earn certifications from standards organizations and trade groups. The most recognized ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Jackson
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
Additional accessories, such as battery storage and electric vehicle (EV) chargers, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers include these extras, so look for a contractor that sells them if it's important for you.
Most Jackson homeowners choose solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $15,700 to set up, considering both parts and installation. You can find more specific cost information in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Jackson
Solar contractors offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), cash payments, solar loans and solar leases. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like a home or car loan, you'll pay a set monthly rate with potentially $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate determined by the energy you use, similar to an electric bill. We typically don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. Ask each provider you're considering about the payment options it offers. A representative can help you determine the optimal option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Jackson.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, so long as you purchase it before 2032. City and state governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Jackson
How much money could I save by going solar in Jackson?
Is solar energy easily accessible in Jackson?
Will a solar PV system raise my Jackson home value?
What's a Jackson solar panel's average lifespan?
What size should my new Jackson solar system be?
What is the average payback period for Jackson solar panels?
How are a solar lease and PPA different?
You don't own the panels with either option, though you can choose to "buy out" of the contract for a fee.
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