Indiana Solar Panel Cost

In fact in the entire state only ip l offers a rebate on the installation of a residential solar power system and the rebate program is set to expire at the end of 2014.

Indiana solar panel cost.

Indiana gets a decent amount of sunlight over the year up to 5 peak sun hours per day to the south of the state and all of it represents potential solar energy savings for homeowners who invest in solar power. Another calculation that potential solar buyers have to consider is the solar payback period. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. The state capital of indianapolis for example averages at around 4 5 peak sun hours per day.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. As of september 2020 the average solar panel cost in indiana is 3 05 w given a solar panel system size of 5 kilowatts kw an average solar installation in indiana ranges in cost from 12 962 to 17 538 with the average gross price for solar in indiana coming in at 15 250 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net. The average cost of installing residential solar panels in indianapolis indiana in 2020 is 2 67 per watt the average system size in the us is 6 kilowatts which means the average price of a solar system in indianapolis in is 13 350. As of sep 2020 the average cost of solar panels in indiana is 2 49 per watt making a typical 6000 watt 6 kw solar system 11 038 after claiming the 26 federal solar tax credit now available.

On a cost per watt w basis a solar panel installation in indiana ranges in price from 2 58 to 3 48. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel cost data indiana 2020 updated. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

The average cost for an installed residential solar system in indiana is currently 11 038 after claiming the 26 federal solar tax credit. This is 2 49 per watt. Solar panels in indiana cost about 15 250 with average prices for a solar panel system ranging from 12 962 to 17 538 in the us for 2020 according to energysage this is the estimated cost of installing a 5kw solar system before deducting solar tax credits. If you re an ip l customer you are eligible for a solar power rebate of 1 000 kw up to 4 000.

Check your savings costs tax breaks incentives and rebates.