Is Electrification Worth It in Mississippi?
Complete ROI analysis for home electrification based on Mississippi's energy costs, climate, and available incentives.
Updated December 2024•Data from EIA, DSIRE, NREL
Heat Pump Payback
Not Recommended
With incentives
Annual Savings
$2,491
Full electrification
Available Incentives
$9,950
Federal + state + utility
CO₂ Reduction
12.1 tons
Per year
Mississippi Energy Costs
Electricity Rate
$0.125/kWh
Natural Gas Rate
$1.42/therm
Average Electric Bill
$142/month
Average Gas Bill
$58/month
Climate Zone
hot
Heating Degree Days
2,200
Cooling Degree Days
2,300
Visual ROI Analysis
Payback Period Comparison
Lower is better • Shortest payback = fastest return on investment
Annual Savings Comparison
Higher is better • More annual savings = greater long-term benefit
Cumulative Net Savings Over Time
Point where line crosses $0 = payback achieved • Steeper line = faster savings growth
Return on Investment by Upgrade
🌡️
Heat Pump HVAC
Upfront Cost$12,000 - $22,000
Total Incentives-$2,250
Net Cost$9,750 - $19,750
Annual Savings$60/yr
Payback PeriodNot Recommended
Lifetime ROI11%
CO₂ Reduction1.8 tons/yr
☀️
Solar Panels
Upfront Cost$15,000 - $30,000
Total Incentives-$4,500
Net Cost$10,500 - $21,000
Annual Savings$1,013/yr
Payback Period16.3 years
Lifetime ROI131%
CO₂ Reduction3.8 tons/yr
💧
Heat Pump Water Heater
Upfront Cost$2,500 - $4,500
Total Incentives-$2,200
Net Cost$300 - $2,300
Annual Savings$239/yr
Payback Period6.6 years
Lifetime ROI79%
CO₂ Reduction1.8 tons/yr
⚡
EV Charger + Electric Vehicle
Upfront Cost$800 - $2,500
Total Incentives-$1,000
Net Cost$-200 - $1,500
Annual Savings$1,180/yr
Payback Period0.6 years
Lifetime ROI1524%
CO₂ Reduction4.8 tons/yr
Full Electrification Package
Total Upfront Cost
$30,300 - $59,000
Total Incentives
-$9,950
Net Cost After Incentives
$20,350 - $49,050
Annual Energy Savings
$2,491/year
Lifetime Savings (18 years)
$44,834
Simple Payback
15.5 years
💡
Best ROI for Mississippi
Based on your state's energy costs and climate, EV Charger offers the best return on investment with an average payback of 0.6 years and an ROI of 1524%.
0.0 years slower than average compared to the national average.
Ready to electrify your Mississippi home?
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