Under Mississippi law, businesses that have moved to or expanded in the state, investing more than $50 million and creating at least 250 jobs in the process, and that produce or assemble components of clean energy systems, can apply to the Mississippi Development Authority to
Facilities in Mississippi that use biomass for heat and power cogeneration can claim a 5% investment tax credit for five years. To be eligible, facilities must employ 20 or more people and have received $50 million or more of capital investment.
Facilities in Mississippi using biomass or solar energy and receiving more than $100 million of capital investment can apply to their County Board of Supervisors to be exempted from up to 50% of their property tax. This exemption opportunity is set to expire on July
The Mississippi Development Authority can authorize eligible commercial entities that manufacture alternative energy components for tax exemptions up to 100% for 10 years to enable facility creation or expansion. This includes state income and franchise taxes as well as a sales and use tax. The
The Mississippi Development Authority administers a revolving loan fund for clean energy projects. Eligible applicants include corporations, public school districts, hospitals, higher education institutions, sole proprietors or partnerships, national and regional headquarters operations. Eligible projects must reduce facility energy costs. Loans have terms up to
