Cost & Savings Breakdown
Based on $150/month electric bill in Fishers
System Size
8.5 kW
Annual Production
10,977 kWh
Gross System Cost
$24,351
Federal Tax Credit (30%)
-$7,305
State Incentive
-$1,000
Net Cost
$16,045
Monthly Savings
$122
CO₂ Offset/yr
10,099 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$0.133/kWh
Peak Sun Hours4.4 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 Fishers?
Solar in Fishers, Indiana costs approximately $24,351 for a 8.5 kW system. After the 30% federal tax credit, your net cost is about $16,045.
What is the solar payback period in Fishers?
The estimated payback period for solar in Fishers is 11 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does Duke Energy IN offer net metering?
Duke Energy IN offers Full Retail net metering. Full retail rate.