Businesses in Central Mississippi have access to a range of incentives to help them transition to renewable energy sources. The Tennessee Valley Authority (TVA) offers net metering, which allows customers to offset the cost of energy extracted from the utility company by generating electricity from solar panels or other renewable energy generators. This system also reduces monthly electricity bills, and any excess energy produced can be sold back to the grid. The eScore program from TVA provides homeowners with financial incentives to increase the energy efficiency of existing homes.
Atmos Energy's SmartChoice appliance rebate program offers natural gas customers in Mississippi financial incentives to purchase energy-efficient appliances that meet the requirements. Mississippi has also authorized greater tax incentives for property throughout the state, and these incentives are expected to remain in place for the next two years. The Green Power Switch (GPS) program from TVA encourages consumers to install renewable energy systems and sell their excess energy to TVA at competitive prices. Alternative energy manufacturers, including those of components used in nuclear power plants, are eligible for this incentive.
The standard requires that all electricity companies in the state owned by inverters* allow their customers to own or lease distributed energy resources to offset their electricity consumption on site and that any company sells excess electricity to utility companies. Businesses in Central Mississippi have a great opportunity to take advantage of these incentives and make the switch to renewable energy sources. By doing so, they can reduce their monthly electricity bills, increase their energy efficiency, and even make money by selling excess energy back to the grid. With the right incentives in place, businesses can make a positive impact on the environment while also saving money.