MS HB201

Authorizes a refundable state income and/or franchise tax credit for costs of purchasing and installing solar energy systems and energy efficiency services in Mississippi residences.

Solar electric systems receive $1.50 per DC watt (up to 8kW) plus $0.20 per watt-hour for battery storage (up to 20kWh); solar thermal systems receive 50% of first $5,000 in costs; energy efficiency services receive 35% of first $10,000 in costs.

Requires installations be completed by contractors licensed by the Mississippi State Board of Contractors with specific solar or building energy certifications, and equipment must be tested and certified by OSHA-recognized labs.

Limits credits to one per residence for solar electric and one for solar thermal systems; any excess credit over tax liability is refunded by the Department of Revenue within 180 days.

Credit amount decreases by 10% annually and expires completely 10 years from the effective date of July 1, 2015.