Cost & Savings Breakdown
Based on $150/month electric bill in South Bend
System Size
7.8 kW
Annual Production
9,733 kWh
Gross System Cost
$22,093
Federal Tax Credit (30%)
-$6,628
State Incentive
-$1,000
Net Cost
$14,465
Monthly Savings
$122
CO₂ Offset/yr
8,955 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$0.150/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 South Bend?
Solar in South Bend, Indiana costs approximately $22,093 for a 7.8 kW system. After the 30% federal tax credit, your net cost is about $14,465.
What is the solar payback period in South Bend?
The estimated payback period for solar in South Bend is 9.9 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Indiana Michigan Power offer net metering?
Indiana Michigan Power offers Full Retail net metering. Full retail rate.