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Solar Panel Cost in Meridian, Mississippi
Local pricing, savings, and net metering data for Meridian homeowners.
$1,460
Annual Savings
11 yrs
Payback Period
$15,994
Net Cost
$33,877
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Meridian
System Size
8.3 kW
Annual Production
12,373 kWh
Gross System Cost
$22,848
Federal Tax Credit (30%)
-$6,854
State Incentive
None
Net Cost
$15,994
Monthly Savings
$122
CO₂ Offset/yr
11,383 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityEntergy Mississippi
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit25 kW limit
Electricity Rate$0.118/kWh
Peak Sun Hours5.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
Common Questions
How much does solar cost in Meridian?
Solar in Meridian, Mississippi costs approximately $22,848 for a 8.3 kW system. After the 30% federal tax credit, your net cost is about $15,994.
What is the solar payback period in Meridian?
The estimated payback period for solar in Meridian is 11 years, based on a $150/month electric bill and local sun hours of 5.1 hrs/day.
Does Entergy Mississippi offer net metering?
Entergy Mississippi offers Full Retail net metering. Full retail rate.