Solar Savings Calculator for Evansville, IN

Homeowners in Evansville pay an average of $138/month for electricity through CenterPoint Energy. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$138
Avg Monthly Bill
14.5¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$42,776
Est. 25-Year Savings

Calculate Your Savings in Evansville

Adjust Your Details for Evansville, IN

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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 4.3 peak sun hours/day in Evansville, 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 Evansville

Utility & Permits

Utility Company
CenterPoint Energy
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 Evansville, 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.

30% of system cost

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