Solar Panels Cost $14k-$24k in Mississippi | February, 2025

Electricity Costs in Mississippi & What that Means for Your Solar Panel Pricing

Across Mississippi, the average electric bill for an energy user is $157.38, with an average monthly usage of 1,172kWh. Compact residences, including duplexes, are also reflected in the numbers cited in the prior sentence.

In February 2025, the electricity rate in Mississippi averages 13.43¢ per kWh.

The average electricity consumer in Mississippi has to have 10 kW or higher solar setup to take care of their full energy usage demands. Currently, 10 kW setup costs $24,990 after deducting the 30% federal income tax credit.

Are solar panels worth it in Mississippi?

If you expect to own your residence longer than the solar system's payback period, solar panels are a smart investment in Mississippi. Installing a 5 kW solar system in Mississippi will, on average, save you $25,275.63 over 20 years, and you can expect to break even in about 7 years.

The cost of not having solar panels in Mississippi

Not installing solar panels or any other backup energy system leads to missing the previously noted savings and full dependence on your electric utility for electricity. Recent news examples have shown that full reliance on your utility provider is not always ideal.

Over the past few years, customers in Mississippi have faced an average of 3.78 utility outages each year. On average, each outage lasts for 170.34 minutes. Major events like vandalism, aging infrastructure or wildfires can considerably extend these durations.

View the graphic below to see the number of current electricity customers without power in Mississippi.

With or without a backup battery, a solar panel system could ease the stress of future power disruptions you might experience.

What impacts the cost of solar panels in Mississippi?

Your Energy Needs -Larger solar panel systems require more upfront investment, but the cost per watt drops as the size of the system expands. Many homeowners find it useful to install a system that can produce enough electricity to replace the entirety of their electric bill. This approach makes the most sense for optimal savings.

Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment on the market. The installer you choose may have specific brand preferences, so it's important to select a highly rated installer. Buyers who prioritize better models generally enjoy a better long-term experience.

Solar Panel Type - It's not surprising that monocrystalline panels are now the industry standard. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.

Your Property - Trees, irregular terrain, or additional challenges can increase the difficulty of the installation. Many solar installers today are able to leverage satellite imagery to evaluate your home and factor in these aspects in the initial cost estimate.

Labor Rates - Differences in employee wages across companies lead to expenses that are transferred to the consumers. Businesses that pay higher wages often get higher reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Experienced local installers will incorporate these numbers into your first quotes to avoid any surprises.