INDIANA
Solar in Indiana
Indiana receives a fair amount of sunshine each year, with an annual average of 186 sunny days.* Though the state is below the national sunny day average of 205 days, its national solar ranking improved from 32nd place in 2020 to 20th place in 2021 due to a $1.2 billion investment in solar energy.*
Solar potential in Indiana?
Indiana has a good solar potential. The state receives an average of 4.7 hours of sunshine per day, and the average annual solar irradiance is 4.5 kWh/m2. This means that solar panels in Indiana can generate a significant amount of electricity.
Cost of solar in Indiana?
The cost of a home solar system can vary, even in the same state, due to a range of factors. These include:
Roof condition, structure, and space
Property’s energy use
Solar installer
Quality of solar panels and other equipment
Local weather
To help you understand the price of going solar in your area, we’ve analyzed SunPower price quotes as well as quotes gathered by third-party sources for thousands of homeowners across the country.
In Indiana, we found that the average investment to own a 5 kW solar system ranges from $13,000 to $15,200, or in other words, from $2.60 to $3.04 per watt—and that’s before considering the benefits of any available tax credits or incentives.
The federal solar tax credit is one way to offset some of the installation costs for a new solar PV system. It is a 30% tax credit for solar PV systems with a completed installation within the same tax year. To receive the credit, you must own a new system that actively generates electricity for the residence.*
Indiana also encourages residents to switch to clean energy with state-wide incentives like the renewable energy property tax exemption.* The assessed value of a new solar system on Indiana homes is exempt from property taxes. So, while the system will boost your home’s value, it is not counted toward your property taxes.
You may have heard of a concept called net metering that is a policy in many states. Unfortunately, the 2017 Indiana General Assembly legislation SEA 309 will end net metering programs on or before July 1, 2022, for new solar customers of Indiana’s investor-owned utilities (IOUs).* This legislation replaces net metering with “excess distributed generation” (EDG), which compensates solar owners 2.772 cents per kWh for the electricity they send to the grid.
Advantages?
There are many advantages to going solar in Indiana, including:
Lower electricity bills: Solar panels can generate electricity for your home, which can help you save money on your electricity bills. The average Indiana homeowner can save up to $15,000 on their electricity bills over the lifetime of their solar system.
Increased home value: Solar panels can add value to your home, making it more attractive to potential buyers. Studies have shown that homes with solar panels sell for an average of $10,000 more than homes without solar panels.
Reduced carbon footprint: Solar power is a clean, renewable source of energy that can help you reduce your carbon footprint and contribute to a healthier environment. Solar panels produce no emissions, which can help improve air quality and reduce greenhouse gas emissions.
Energy independence: Solar panels can help you become more energy independent and less reliant on the grid. This can be a valuable asset in the event of a power outage.
The most significant reasons for Hoosiers to invest in solar panels for homes are two-fold: financial savings and environmental protection.
Unlike coal, of which Indiana has an abundance, solar energy is clean and produces no pollution. By installing solar photovoltaic (PV) systems, residents and businesses will be able to reduce their carbon footprint and contribute less to harmful greenhouse gas emissions.
Solar PV systems also come with 20- to 25-year warranties, ensuring that they will be able to generate power for years. Indiana residents who go solar will immediately see monthly energy savings on utility bills, and the payback period in Indiana for solar power is about 16 years.* The system you install will ultimately pay for itself before the end of its lifespan.
Disadvantages?
-
Shade: Solar panels need direct sunlight to generate electricity. If your home is in a shady area, or things are covering your panels you may not be able to generate as much electricity with solar panels.
-
Weather: Some Solar panels can be damaged by hail, snow, and strong winds. However, our solar panels are designed to withstand these conditions and even extreme weather conditions like hurricanes, tornado, and blizzards.
-
Panels aesthetic: Our solar panels are different. They are all black, sleek, and thin. They have a more modern look. Some people find solar panels on homes unattractive and if your feel like that we also offer Ground mount installations. It’s a great option if you have open land that receives good sunlight.
Indiana state policies?
Indiana has a number of policies that support residential solar. These policies include:
Net metering: Net metering is a billing arrangement that allows solar customers to receive credit on their electric bills for the excess electricity they generate and send back to the grid.
Property tax exemptions: Indiana offers property tax exemptions for solar panels. This can save homeowners money on their property taxes.
Utility company incentives: Some utility companies in Indiana offer incentives for homeowners who install solar panels. These incentives can include discounts on your electricity bill or payments for excess electricity that you generate.
Maintaining solar panels?
Solar panels are relatively low-maintenance. However, you should have them cleaned every few years to remove dirt, dust, and debris. You can clean your solar panels yourself, or you can hire a professional to do it for you.
What's the best way to go solar?
Are you interested in going solar in Indiana? If so, we can help!
Before going solar, be sure to keep in mind factors that will affect the output of clean energy to your home. For instance, South-facing roofs generate the most energy, followed by west-facing roofs. North-facing roofs generate the least amount of energy. We look into multiple aspects to make sure you have the most effective setup such as roof orientation, roof pitch, shade, and weather.
We offer a free virtual consultation and savings report to help you determine if solar is right for you. We will also help you access solar incentives and rebates to reduce the cost of installation.
Freedom Forever solar panels system is Top-Tier and backed by a 25-year full system production guarantee. We also offer a satisfaction guarantee, so you can be sure that you are making the right decision and test it out stress free.
If you are interested in learning more about solar power in Indiana, please contact us today for a free virtual consultation.
We look forward to helping you make the switch to solar!