Solar Savings Calculator for Bloomington, IN
Homeowners in Bloomington pay an average of $138/month for electricity through Duke Energy Indiana. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$138
Avg Monthly Bill
14.8¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$42,776
Est. 25-Year Savings
Calculate Your Savings in Bloomington
Adjust Your Details for Bloomington, IN
$
$50$1,000
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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
$1,656
Payback Period
9 years
25-Year Savings
$42,776
Return on Investment
287%
* Estimates based on 4.2 peak sun hours/day in Bloomington, IN, 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.
Local Solar Details for Bloomington
Utility & Permits
- Utility Company
- Duke Energy Indiana
- Permit Cost
- $275
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.6 kW
- Panel Count
- 19 panels
- Gross Cost
- $21,280
- Net Cost (after credits)
- $14,896
Available Incentives for Bloomington, IN
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.
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