MS SB2087

Establishes a refundable state income and/or franchise tax credit for costs of purchasing and installing solar energy systems and energy efficiency services on residential properties in Mississippi.

Solar electric systems receive $1.50 per DC watt credit for first 8 kilowatts; energy storage receives $0.20 per watt-hour for first 20 kilowatt-hours; solar thermal systems receive 50% credit up to $5,000 of eligible costs.

Energy efficiency services credit equals 35% of first $10,000 of eligible costs paid for modifications based on a Home Performance Audit that increase energy efficiency.

Credit phases out by 10% annually beginning one year after enactment and expires completely after ten years; excess credit over tax liability is refunded by the Department of Revenue.

Requires work be performed by licensed Mississippi State Board of Contractors and certified installers; only one credit per property per system type; owner of system or assigned financier may claim credit.