Solar Savings Calculator for Indiana

Indiana homeowners pay an average of $145/month for electricity at 15¢/kWh. With 4.2 peak sun hours per day, solar can dramatically cut your energy costs.

$145
Avg Monthly Bill
15¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$45,701
Est. 25-Year Savings

Calculate Your Savings in Indiana

Adjust Your Details for Indiana

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$21,280
Federal Tax Credit (30%)
-$6,384
Net Cost
$14,896
Annual Savings
$1,740
Payback Period
8.6 years
25-Year Savings
$45,701
Return on Investment
307%

* Estimates based on 4.2 peak sun hours/day in Indiana, system cost of $2.8/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Indiana

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Cities in Indiana

Select your city for a more precise estimate with local electricity rates and utility information.

Indianapolis

15.2¢/kWh · 4.2h sun/day

Avg bill: $148/mo · Indianapolis Power & Light (AES Indiana)

Fort Wayne

14.8¢/kWh · 4.1h sun/day

Avg bill: $140/mo · Indiana Michigan Power

Evansville

14.5¢/kWh · 4.3h sun/day

Avg bill: $138/mo · CenterPoint Energy

South Bend

15¢/kWh · 4h sun/day

Avg bill: $140/mo · Indiana Michigan Power

Carmel

15.5¢/kWh · 4.2h sun/day

Avg bill: $160/mo · Duke Energy Indiana

Fishers

15.2¢/kWh · 4.2h sun/day

Avg bill: $155/mo · Duke Energy Indiana

Bloomington

14.8¢/kWh · 4.2h sun/day

Avg bill: $138/mo · Duke Energy Indiana

More Solar Resources for Indiana

Indiana Solar IncentivesTax credits, rebates, and SRECsIndiana Cost ComparisonSolar vs. grid costs over 25 yearsIndiana System SizingHow many panels your home needsIndiana Permits & RegulationsLocal permit requirements and HOA rulesIs Solar Worth It in Indiana?Data-driven analysis for your stateIndiana Financing OptionsCompare loans, leases, and PPAs

Go Solar in Indiana

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