Mississippi Solar Rebates and Incentives

Mississippi Rebates and Incentives Summary

MississippiNamed after the mighty river that bisects our great nation, home of the Port Gibson Heritage Festival, and birthplace of celebrities ranging from the wealthiest woman in the United States, Oprah Winfrey, to the sensational amphibian Kermit the Frog, Mississippi has had its share of success. It's also had its challenges. Hurricane Katrina caused enough damage to leave the state in a clean-up daze that has left the green economy in the “Magnolia State” singing the blues.

The Gulf of Mexico oil spill, caused by energy goliath British Petroleum (BP), has added to the woes of the Mississippi coastline. As a result, the state’s budget has been consumed with urgent matters that need attention now, relegating solar and other renewable energy ideas to the back burner.

Fortunately, Mississippi does have some policies in place to help keep the renewable energy market moving forward with incentives, rebates, and tax breaks that make installing renewable energy systems much more feasible.

The Tennessee Valley Authority (TVA) has created a program called generation partners Green Power Switch (GPS) that encourages consumers to give back by providing incentives to install renewable energy systems offering to not only offset the cost of expensive energy bills, but to also provide a means for consumers to become producers, and sell their excess energy back to the TVA at very competitive prices.

By allowing residents to turn a profit on their environmentally conscious investment, renewable technology has become much more attractive, especially with programs like the energy investment loan program which allows consumers to borrow the money needed to purchase and build renewable energy installations at a fixed interest rate that is 3 percent less than the prime rate.

Mississippi currently does have some good green policies in place, but until it’s able to establish a Renewable Energy Portfolio Standard, it will still be trailing the greater majority of the nation in progressive renewable technology and policy, the investors who wish to cash in on the new green revolution, and the jobs that would come with the production and maintenance of the new installations.
 

 

TVA Generation Partners Program

Program Type Performance-based Incentive
Technologies Photovoltaics, Landfill Gas, Wind, Biomass, Municipal Solid Waste, Small Hydroelectric
Amount $1,000 rebate at installation and PPA for retail electric rate plus a premium of 12 cents per kilowatt hour for one to 10 years or retail electric rate for 11 to 20 years.
Required Documentation

All equipment must be in compliance with environmental regulations and national standards,

certified by a licensed electrician, and meet all applicable codes.

Official Web Site http://www.tva.com/greenpowerswitch/partners/

The Tennessee Valley Authority (TVA) offers renewable incentives for Mississippi residents who wish to become Generation Partners. They can enroll in the Green Power Switch (GPS) program and sell their energy back to the Mississippi energy grid at a competitive rate.

For property owners who have a solar PV system that produces a minimum output of 500 watts and up to a maximum output of 50 kilowatts, TVA will credit you for 100 percent of your energy at retail rate plus  $0.12 per kilowatt hour.

The premium is only offered for the first 10 years a system is in operation. After that, the customer receives only a credit for the retail rate of the power.

If a qualifying renewable system produces more energy than the customer consumes, the excess credits will be paid out either monthly or annually at the discretion of the power company.

Anyone who is new to the program can apply for a $1,000 rebate for the installation of a renewable energy system.

The goal of the Generation Partners GPS program is to reach an overall capacity of 200 megawatts through the collective support of GPS members. As of October 2009, there are 91 distributors involved in the Generation Partners.

Energy Investment Loan Program

Program Type State Loan Program
Technologies

Photovoltaics, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process

Heat, Landfill Gas, Biomass, and many more

Amount $15,000 - $300,000
Required Documentation Energy Investment Loan Program Application
Official Web Site http://www.mississippi.org/index.php?id=340

Mississippi’s state loan program is available to commercial and industrial businesses as well as large residential projects that fall under applicable zoning and building laws usually in agricultural areas. This program offers a low fixed interest rate of 3 percent below the prime rate on a seven-year repayment plan. A maximum of $300,000 can be borrowed.

The state loan program is supported by a revolving loan fund of $7 million provided by federal oil overcharge funds.

To apply for the energy investment loan program, potential borrowers must fill out an energy investment loan program application available through Terrance Spears at the Mississippi Development Authority by phone at (601) 359 3552 or online by email at financial@mississippi.org.

Mississippi Solar Power Financial Incentives

Financial Incentives


Industry Recruitment/Support

Leasing Program

Performance-Based Incentive

State Loan Program

Utility Loan Program

Utility Rebate Program


Rules, Regulations & Policies


Building Energy Code




Related Programs & Initiatives


Alternative Fuels and Advanced Vehicles Data Center
 

The U.S. Department of Energy's Alternative Fuels and Advanced Vehicles Data Center (AFDC) provides a wide range of information and resources to enable the use of alternative fuels and other petroleum-reduction options, such as advanced vehicles, fuel blends, idle reduction and fuel economy. The AFDC site offers a database of state and federal laws and incentives related to alternative fuels and vehicles, air quality, fuel efficiency, and other transportation-related topics.



Green Power Network
 

The U.S. Department of Energy's Green Power Network provides news and information on green power markets and activities, including opportunities to buy green power. This site provides state-by-state information on green power marketing and utility green power programs. In addition, the site lists marketers of renewable energy credits (RECs), also known as green tags or renewable energy certificates, which represent the environmental attributes of the power produced from renewable energy projects.



Weatherization Assistance Program
 

The U.S. Department of Energy's Weatherization Assistance Program (WAP) enables low-income families to reduce their energy bills by making their homes more energy-efficient. Through this program, weatherization service providers install energy-efficiency measures in the homes of qualifying homeowners free of charge. The WAP program web site offers a state-by-state map of opportunities, projects and activities.



Wind Powering America
 

The U.S. Department of Energy's Wind Powering America site provides state-by-state information on wind projects and activities, including wind working groups, validated wind maps, anemometer loan programs, small wind guides, state-specific news, wind for schools, workshops and web casts.

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