Cost & Savings Breakdown
Based on $150/month electric bill in Gary
System Size
9.6 kW
Annual Production
12,066 kWh
Gross System Cost
$27,388
Federal Tax Credit (30%)
-$8,216
State Incentive
-$1,000
Net Cost
$18,172
Monthly Savings
$122
CO₂ Offset/yr
11,101 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityComEd
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.121/kWh
Peak Sun Hours4.3 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 Gary?
Solar in Gary, Indiana costs approximately $27,388 for a 9.6 kW system. After the 30% federal tax credit, your net cost is about $18,172.
What is the solar payback period in Gary?
The estimated payback period for solar in Gary is 12.4 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does ComEd offer net metering?
ComEd offers Full Retail net metering. Full retail rate.