Cost & Savings Breakdown
Based on $150/month electric bill in Bloomington
System Size
7.6 kW
Annual Production
10,000 kWh
Gross System Cost
$21,689
Federal Tax Credit (30%)
-$6,507
State Incentive
-$1,000
Net Cost
$14,183
Monthly Savings
$122
CO₂ Offset/yr
9,200 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDuke Energy IN
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit1 MW limit
Electricity Rate$0.146/kWh
Peak Sun Hours4.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Indiana State Incentive — Indiana offers a property tax deduction for solar installations.
Common Questions
How much does solar cost in Bloomington?
Solar in Bloomington, Indiana costs approximately $21,689 for a 7.6 kW system. After the 30% federal tax credit, your net cost is about $14,183.
What is the solar payback period in Bloomington?
The estimated payback period for solar in Bloomington is 9.7 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does Duke Energy IN offer net metering?
Duke Energy IN offers Full Retail net metering. Full retail rate.