INCENTIVES AND FINANCING

30% SOLAR INVESTMENT TAX CREDIT (ITC)
DIRECT PAY
(With the passage of the One Big Beautiful Bill, we are awaiting guidance on how Direct Pay was affected.)

Nonprofits and Municipalities – This is for you! The federal government will reimburse 30% of the cost of a solar installation, through a mechanism knows as Direct Pay.

The percentage available for Direct Pay, like the ITC, could be increased 10% or 20% when certain conditions are met, such as the location of the project in economically distressed areas.

USDA REAP GRANTS and GUARANTEED LOANS

The USDA’s REAP Grant is currently 50% of the project cost. This program is only eligible for businesses in rural locations (includes most of Mississippi) and does require an application. 

MISSISSIPPI INCENTIVES

Mississippi has adopted solar interconnection rules (now Mississippi Distributed Generator Interconnection Rule – MDGIR) that may include incentives for lower-income individuals that can help reduce the cost of going solar.

EASY SOLAR FINANCING

Mississippi Solar, LLC is partnered with Acorn Financial to provide quick and easy financing for your solar project.  Acorn Financial provides personal loans that deposit to your checking account within 48 hours of approval.  Multiple payment plans are available.

IS SOLAR RIGHT FOR MY HOME OR BUSINESS?