Solar Savings Calculator for Indianapolis, IN
Homeowners in Indianapolis pay an average of $148/month for electricity through Indianapolis Power & Light (AES Indiana). With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.
$148
Avg Monthly Bill
15.2¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$46,171
Est. 25-Year Savings
Calculate Your Savings in Indianapolis
Adjust Your Details for Indianapolis, IN
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$22,400
Federal Tax Credit (30%)
-$6,720
Net Cost
$15,680
Annual Savings
$1,776
Payback Period
8.8 years
25-Year Savings
$46,171
Return on Investment
294%
* Estimates based on 4.2 peak sun hours/day in Indianapolis, 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 Indianapolis
Utility & Permits
- Utility Company
- Indianapolis Power & Light (AES Indiana)
- Permit Cost
- $350
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $22,400
- Net Cost (after credits)
- $15,680
Available Incentives for Indianapolis, 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.
Other Cities in Indiana
More Solar Tools for Indianapolis
Indianapolis Solar IncentivesAll available tax credits and rebatesIndianapolis Cost ComparisonSolar vs. grid costs over 25 yearsIndianapolis System SizingHow many panels your home needsIndianapolis Permits & RegulationsLocal permit requirementsIs Solar Worth It in Indianapolis?Data-driven analysis for your cityIndianapolis Financing OptionsCompare loans, leases, and PPAs
Ready to Go Solar in Indianapolis, IN?
Ready to Go Solar in Indianapolis?
Get a free personalized quote for your Indianapolis home. We handle permits, installation, and utility interconnection.
Get Your Free Quote