IndianaSolar Panel Costs & Savings
Indiana averages 4.0 hrs of peak sun per day with an average payback period of 10 years. Homeowners can save $29,200 over 20 years.
Peak Sun Hours
4.0 hrs
per day
6kW System Cost
$18,600
before incentives
Payback Period
10 yrs
average
20-Year Savings
$29,200
estimated
Solar Cost Breakdown in Indiana
| Item | Amount |
|---|---|
| 6kW System Cost ($3.1/W) | $18,600 |
| Federal Tax Credit (30%) | -$5,580 |
| Net Cost | $13,020 |
Net Metering
Partial Net Metering
Electricity Rate
15.42¢/kWh
Avg Monthly Bill
$145/mo
Solar Incentives in Indiana
Federal Solar Investment Tax Credit (ITC)
The federal ITC allows homeowners to deduct 30% of solar installation costs from federal taxes. Available for systems installed through 2032, stepping down to 26% in 2033 and 22% in 2034.
Solar Potential by ZIP Code in Indiana
| ZIP | City | Sun Hours | Annual Savings | Payback |
|---|---|---|---|---|
| 47501 | Washington | 4.2 hrs | $1,165 | 11.3 yrs |
| 47601 | Boonville | 4.2 hrs | $1,165 | 11.3 yrs |
| 47701 | Evansville | 4.2 hrs | $1,165 | 11.3 yrs |
| 47201 | Columbus | 4.1 hrs | $1,138 | 11.5 yrs |
| 47401 | Bloomington | 4.1 hrs | $1,138 | 11.5 yrs |
| 46001 | Alexandria | 4.0 hrs | $1,110 | 11.8 yrs |
| 46201 | Indianapolis | 4.0 hrs | $1,110 | 11.8 yrs |
| 47901 | Lafayette | 4.0 hrs | $1,110 | 11.8 yrs |
| 46301 | Griffith | 3.9 hrs | $1,082 | 12.1 yrs |
| 46401 | Gary | 3.9 hrs | $1,082 | 12.1 yrs |
| 46601 | South Bend | 3.9 hrs | $1,082 | 12.1 yrs |
| 46802 | Fort Wayne | 3.9 hrs | $1,082 | 12.1 yrs |
Compare With Other States
More Data for Indiana
Frequently Asked Questions
How much do solar panels cost in Indiana?
A typical 6kW solar system in Indiana costs approximately $18,600 before incentives. After the 30% federal tax credit ($5,580), the net cost is approximately $13,020.
How long does solar take to pay for itself in Indiana?
The average solar payback period in Indiana is 10 years, slower than the national average of 9.4 years. After payback, homeowners enjoy free electricity for the remaining system life.
Does Indiana have net metering?
Indiana has partial net metering. Some utilities offer net metering programs with varying credit rates.
How much sun does Indiana get for solar?
Indiana averages 4 peak sun hours per day, which is 0.5 hours below the national average. A 6kW system produces approximately 8,760 kWh per year.
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Data verified March 2026 · Source: NREL, DSIRE, EIA