Cost & Savings Breakdown
Based on $150/month electric bill in Fort Wayne
System Size
9 kW
Annual Production
11,587 kWh
Gross System Cost
$25,703
Federal Tax Credit (30%)
-$7,711
State Incentive
-$1,000
Net Cost
$16,992
Monthly Savings
$122
CO₂ Offset/yr
10,660 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityIndiana Michigan Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.126/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 Fort Wayne?
Solar in Fort Wayne, Indiana costs approximately $25,703 for a 9 kW system. After the 30% federal tax credit, your net cost is about $16,992.
What is the solar payback period in Fort Wayne?
The estimated payback period for solar in Fort Wayne is 11.6 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does Indiana Michigan Power offer net metering?
Indiana Michigan Power offers Full Retail net metering. Full retail rate.