Cost & Savings Breakdown
Based on $150/month electric bill in Hammond
System Size
7.7 kW
Annual Production
9,932 kWh
Gross System Cost
$22,032
Federal Tax Credit (30%)
-$6,609
State Incentive
-$1,000
Net Cost
$14,422
Monthly Savings
$122
CO₂ Offset/yr
9,137 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityComEd
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.147/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 Hammond?
Solar in Hammond, Indiana costs approximately $22,032 for a 7.7 kW system. After the 30% federal tax credit, your net cost is about $14,422.
What is the solar payback period in Hammond?
The estimated payback period for solar in Hammond is 9.9 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does ComEd offer net metering?
ComEd offers Full Retail net metering. Full retail rate.