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
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.

More Solar Resources for Indiana

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