Solar Panel Cost Guide in Indiana, PA (2025 Update)
- Indiana Solar Installation Cost: $17,599
- 25-Year Savings: $14,009
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Indiana
See how much it might cost to go solar in Indiana.
The national average cost of solar panels is $2.66 per watt, but in Indiana it’s 4 per watt.Because a 7.1-kW system is needed to cover the energy consumption of a typical home in Indiana, the average price of going solar will be about $17,599 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Indiana homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Indiana for a quote for your home.
Solar savings over time in Indiana
| Year | Return on Investment |
|---|---|
| 1 years | $-16,121 |
| 3 years | $-13,166 |
| 5 years | $-10,211 |
| 7 years | $-7,256 |
| 9 years | $-4,301 |
| 11 years | $-1,346 |
| 13 years | $1,609 |
| 15 years | $4,563 |
| 17 years | $7,518 |
| 19 years | $10,473 |
| 21 years | $13,428 |
| 23 years | $16,383 |
| 25 years | $19,338 |
Top Solar Installers in Indiana
Although you can install solar panels on your own, it takes extra labor and handiness. For that reason, the majority of homeowners choose to hire a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Indiana, therefore optimizing your ROI.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Indiana
Factors that Affect Solar Panel Costs in Indiana
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,550. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Indiana, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Indiana homeowners choose to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much it costs. Indiana’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Indiana have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $7,072 | 17.2 years |
| 8 kW | $3.62 | $20,278 | $9,827 | 16.8 years |
| 10 kW | $3.55 | $24,850 | $12,780 | 16.5 years |
| 12 kW | $3.48 | $29,224 | $15,933 | 16.2 years |
| 14 kW | $3.41 | $33,398 | $19,284 | 15.8 years |
| 16 kW | $3.34 | $37,374 | $22,834 | 15.5 years |
| 18 kW | $3.27 | $41,152 | $26,583 | 15.2 years |
| 20 kW | $3.19 | $44,730 | $30,531 | 14.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Indiana, PA Solar Cost FAQs
How much does it cost to install solar panels in Indiana?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Indiana?
A solar panel system isn’t free in Indiana, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Indiana have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Indiana?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.