Estimated Savings for a Typical Indiana Home
Based on a $150/month electric bill
System Size
8.1 kW
Gross Cost
$22,947
Federal Credit
-$6,884
State Incentive
-$1,000
Net Cost
$15,063
Annual Savings
$1,460
Payback Period
10.3 yrs
25-Year Savings
$34,808
CO₂ Offset/yr
9,733 lbs
Indiana Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$1,000
Indiana State Incentive
Indiana offers a property tax deduction for solar installations.
Net Metering Policy: Full Retail
Top utility in Indiana: AES Indiana. View full incentives detail →
Solar Costs by City in Indiana
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Indianapolis | $1,460 | 11.4 | 887,642 | AES Indiana |
| Fort Wayne | $1,460 | 11.6 | 270,402 | Indiana Michigan Power |
| Evansville | $1,460 | 9.1 | 117,979 | Vectren |
| South Bend | $1,460 | 9.9 | 103,453 | Indiana Michigan Power |
| Carmel | $1,460 | 11.4 | 99,757 | Duke Energy IN |
| Fishers | $1,460 | 11 | 98,977 | Duke Energy IN |
| Bloomington | $1,460 | 9.7 | 84,981 | Duke Energy IN |
| Hammond | $1,460 | 9.9 | 76,394 | ComEd |
| Gary | $1,460 | 12.4 | 74,217 | ComEd |
| Lafayette | $1,460 | 9 | 70,373 | Duke Energy IN |
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Quick Facts: Indiana
- ⚡ Avg rate: $0.138/kWh
- 🌞 Peak sun: 4.5 hrs/day
- 🏭 Top utility: AES Indiana
- 📋 Net metering: Full Retail