Estimated Savings for a Typical Mississippi Home
2,000 sq ft home switching from electric-resistance heating
Installed Cost
$13,000
State Rebate
None
Net Cost
$13,000
Current Heating Cost/yr
$906
Heat Pump Cost/yr
$274
Annual Savings
$631
Payback Period
20.6 yrs
15-Year Savings
-$1,076
CO₂ Avoided/yr
4,791 lbs
Mississippi Heat Pump Rebates
✕
Federal 25C Tax Credit (Expired Dec 31, 2025)
The federal Energy Efficient Home Improvement Credit (up to $2,000 for heat pumps) ended December 31, 2025. Heat pumps installed in 2026 do not qualify for it.
Up to $8,000
HEEHRA Federal Rebate (Income-Qualified)
Households at or below 150% of area median income can receive up to $8,000 toward a heat pump through the federal HEEHRA program, administered by Mississippi. View full rebate detail →
Heat Pump Costs by City in Mississippi
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Jackson | $323 | 30 | 153,701 | Entergy Mississippi |
| Gulfport | $294 | 30 | 71,012 | Mississippi Power |
| Southaven | $497 | 26.2 | 56,588 | Entergy Mississippi |
| Biloxi | $319 | 30 | 46,319 | Mississippi Power |
| Hattiesburg | $357 | 30 | 46,099 | Entergy Mississippi |
| Olive Branch | $468 | 27.8 | 42,451 | Entergy Mississippi |
| Tupelo | $419 | 30 | 38,771 | Entergy Mississippi |
| Meridian | $422 | 30 | 36,540 | Entergy Mississippi |
| Horn Lake | $453 | 28.7 | 27,018 | Entergy Mississippi |
| Clinton | $468 | 27.8 | 25,560 | Entergy Mississippi |
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Quick Facts: Mississippi
- 🌡️ Climate: Mild (2,300 HDD)
- ⚡ Avg electricity: $0.112/kWh
- 🔥 Natural gas: $1.30/therm
- 🏭 Top utility: Entergy Mississippi