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Indiana Solar Panels: Pricing and Incentives

Written by Taylor Freitas/

Edited by Lisa Iscrupe

Last updated 08/24/2022

Get an estimate of solar cost and savings at your home.

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Solar power FAQs

  • Expect to pay between $12,286 to $45,013 for a residential solar system. Indiana solar incentives and the federal tax credit can help lower the final cost of a home solar array. The cost of solar panels for your home will also depend on the size of your system, the type of solar panels (monocrystalline or polycrystalline), local permitting costs, and more.

  • Yes. By installing solar panels in Indiana, you can set yourself up for long-term savings. Solar panels can help keep your electricity rate stable over time and increase your property value. 

  • It’s possible to save thousands of dollars on energy bills when you invest in solar. For example, the most recent data from the U.S. Energy Information Administration (EIA) shows the average electricity bill in Indiana is $134.04 per month. Depending on your energy usage and other factors, using solar energy could reduce your monthly bill to nearly zero, which could save nearly $1,600 in one year. The overall return on your investment will take longer to recoup since you will still need to account for the cost of the solar system. Most homeowners see a payback period of six to nine years for their solar systems. 

  • SaveOnEnergy researches and vets its solar partners to ensure we are offering high-quality solar installers to our readers. Fill out the form on this page to get connected with an energy expert who can help you create a customized solar plan for your home. 

  • Solar power doesn’t emit carbon into the environment, which makes it better for the planet than fossil fuels. Solar energy helps reduce your reliance on these traditional energy sources and protect the planet.

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