MS SB2847

Authorizes a refundable income and/or franchise tax credit for costs of purchasing and installing solar energy systems and energy efficiency services on Mississippi residences or small multifamily units (4 units or less).

Solar electric system credit equals $1.50 per DC watt for first 8 kilowatts installed; solar thermal system credit equals 50% of first $5,000 of costs; energy storage credit equals $0.20 per watt-hour for first 20 kilowatt-hours of battery capacity.

Energy efficiency services credit equals 35% of first $10,000 of eligible costs per residence, including improvements like insulation, HVAC repair/replacement, weatherization, and window upgrades recommended by a Home Performance Audit.

Requires work to be performed by contractors licensed by Mississippi State Board of Contractors with specific certifications (NABCEP, SEI, or Building Performance Institute); credit declines 10% annually and expires 10 years from effective date.

Excess credits over tax liability are refundable as overpayments; credit can be claimed once per solar electric system and once per solar thermal system per residence, and may be assigned to a financier with owner's declaration.