Are Solar Panels Worth It In Indiana

As of sep 2020 the average cost of solar panels in indiana is 2 49 per watt making a typical 6000 watt 6 kw solar system 11 038 after claiming the 26 federal solar tax credit now available.

Are solar panels worth it in indiana.

There are additional factors that determine how much solar electricity you can produce. In fact in the entire state only ip l offers a rebate on the installation of a residential solar power system and the rebate program is set to expire at the end of 2014. For any new solar pv system installed in indiana the assessed value of the system is exempt from your property taxes. Indiana solar panel rebates are extremely limited as well.

If you re an ip l customer you are eligible for a solar power rebate of 1 000 kw up to 4 000. The payback period of solar power in indiana is extended due to the cheap electricity costing 0 12 kwh on average. If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in place. Indiana ranks low in terms of average peak sun hours but in state policies and incentives still make it worth it to go solar in state.

Below you can compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing indiana today and learn how to select the best one. However these low prices are possible thanks to power plants burning fossil fuels such as coal which means that the energy is cheap in cash but expensive in terms of environmental impact. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. These include shading panel orientation and panel angle which are all used to calculate your total production estimate.

Thanks to the indiana renewable energy property tax exemption you don t have to worry about your solar system adding to your tax load. That means that even though your solar installation adds value to your property the added value can t be counted when property is being assessed for taxes. This evaluation offers a clear estimate of how much energy your solar.