Solar Panel Savings in Indiana
Indiana gets 4.1 peak sun hours per day with electricity at 14¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in Indiana
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $16,800 | $11,760 | 7.5 yrs | $37,217 | 8,979 |
| 8 kW | $22,400 | $15,680 | 9.6 yrs | $36,821 | 11,972 |
| 10 kW | $28,000 | $19,600 | 11.6 yrs | $32,901 | 14,965 |
| 12 kW | $33,600 | $23,520 | 13.5 yrs | $28,981 | 17,958 |
Includes 30% federal ITC + 0% Indiana state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
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Is Solar Worth It in Indiana?
Indiana averages 4.1 peak sun hours per day, which means an 8 kW solar system would produce approximately 11,972 kWh per year. At the state's average electricity rate of 14¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and Indiana's 0% state incentive, an 8 kW system costing $22,400 drops to just $15,680 after credits — with a payback period of approximately 9.6 years.
Over 25 years, homeowners in Indiana can expect to save $36,821 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of solid sun exposure and federal incentives makes solar a solid investment in Indiana.