Indiana ranks #37 in America for savings from installing solar panels on your home

Solar power in Indiana

Last fact checked on July 23, 2019 by Catherine Lane

Going solar in Indiana is a great investment for your home. State law requires privately-owned utilities to offer full retail net metering to their customers. Indiana also has a voluntary renewable portfolio standard that allows utilities to opt into the program to have an average of at least 10% of the electricity they supply to customers come from renewable sources. 

Net metering combined with the 30% federal tax credit makes solar an excellent choice for Indiana homeowners. 

 

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Solar power in Indiana

Indiana solar power facts

$3.74
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

10 Years

Average payback time

$36,294

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

30¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

8,094
kWh

Annual power production

Cash flow graph based on cash purchase of a 6.87kW system

This 6.87kW system would offset 100% of your energy usage if your typical monthly bill in Indiana is $114, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in Indiana that provide pricing through the Solar-Estimate marketplace

4


Best solar offers currently available in Indiana


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in Indiana

How much do solar panels cost in Indiana

$3.74 per watt

Cash purchased solar system
Before 30% solar tax credit

$4.11 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in Indiana

The advantage of installing solar panels in Indiana is the state-mandated net metering requirement. Privately owned utilities must offer kilowatt hour (kWh) credits for excess energy generated by solar systems. Indiana law also offers property and sales tax exemptions for solar energy systems. 

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

SolarPowerRocks provides a great breakdown of solar incentives and policy for each state within the US.

The disadvantage of installing solar panels in Indiana is that there is very little in the way of state and utility-based incentives. Also, Indiana does not receive as much sunshine as other states, so a solar system here will produce less than a system in a sunnier state, such as Arizona. 

However, full retail net metering and the federal tax credit more than make up for what the state lacks in sunshine. With net metering set to end by 2022, the best time to go solar in Indiana is now!

Enter your details to calculate the cost and savings you are likely to see when you install solar panels for your home.

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Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in Indiana

Solar panels produce different amounts of energy in different locations.

Around the Indianapolis area solar panels installed on a south facing 30 degree pitch roof will typically produce:

1,402kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits, and other solar incentives are available in Indiana?

Net metering in Indiana

Solar, by its nature, generates the most power during the middle of the day when most people are at work or school and little power is being used in the home. The net metering policy in Indiana mandates that for every surplus kWh generated by solar (like the excess energy your system creates during the day) utilities must provide a credit that will be applied to future bills in order to offset costs. 

 


 

Tax exemptions

Indiana homeowners save big on their property taxes when they install residential solar panels. Installing a solar system on one’s property would usually cause an increase in property taxes, however, the property tax exemption excludes 100% of the assessed costs associated with the solar system from the homeowner’s property taxes. 

Not to mention, through the state’s sales and use tax exemption, solar system equipment is cleared of state sales tax, leading to even more savings. 

 


 

Northern Indiana Public Service Company (NIPSCO) feed-in tariff

Customers of NIPSCO have the option of signing up for the utility’s feed-in tariff program. Through this program, NIPSCO purchases all of the energy a solar system produces at a rate of $0.1564 per kWh. In return, NIPSCO retains all renewable energy credits a system produces. 

Indiana Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in Indiana we have a solar calculator that can show you exactly the information your require.


 


 

What you can find out about installing solar panels in Indiana using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this Indiana solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

Going solar in Indiana

Check out all of the ways energy providers of Indiana can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Net Metering State Net Metering
Sales and Use Tax Exemption for Electrical Generating Equipment State Sales Tax Incentive
Solar and Wind Technologies Property Tax Exemption State Property Tax Incentive
Find your local rebates and incentives

Your city may have further incentives to offer. Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.