MS HB793

Allows a refundable income and/or franchise tax credit equal to 40% of the first $50,000 in costs for purchasing and installing solar electric energy systems on residential or commercial property in Mississippi, applicable to systems installed on or after January 1, 2010.

Provides an additional 10% local installation credit if the solar energy system is installed by a Mississippi-based, licensed solar installation company for systems installed between January 1, 2010 and January 1, 2020.

Permits excess tax credits to be refunded by the Department of Revenue if the credit amount exceeds the taxpayer's income and/or franchise tax liability for the taxable year.

Prohibits homeowners associations and community covenants from prohibiting, restricting, or imposing unreasonable fees for solar electric energy system installation, with violators subject to civil action and liability for attorney's fees and court costs.

Allows homeowners associations to establish reasonable guidelines regarding scale and size of solar systems if such guidelines do not prevent installation, impair functioning, restrict use, or adversely affect cost or efficiency.