Cost & Savings Breakdown
Based on $150/month electric bill in Indianapolis
System Size
8.9 kW
Annual Production
11,406 kWh
Gross System Cost
$25,302
Federal Tax Credit (30%)
-$7,591
State Incentive
-$1,000
Net Cost
$16,711
Monthly Savings
$122
CO₂ Offset/yr
10,494 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityAES Indiana
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.128/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 Indianapolis?
Solar in Indianapolis, Indiana costs approximately $25,302 for a 8.9 kW system. After the 30% federal tax credit, your net cost is about $16,711.
What is the solar payback period in Indianapolis?
The estimated payback period for solar in Indianapolis is 11.4 years, based on a $150/month electric bill and local sun hours of 4.4 hrs/day.
Does AES Indiana offer net metering?
AES Indiana offers Full Retail net metering. Full retail rate.