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#35 Solar ROI State

Solar Panel ROI in Indiana (IN)

Indiana averages 1,180 kWh per installed kW per year. At $14.2¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $4,436.

$13,818
System Cost (After Credits)
$4,436
25-Year NPV
13 years
Payback Period
$0.173/kWh
Solar LCOE

Solar Cost Breakdown in Indiana

7 kW system (2.82/W)$19,740
Federal ITC (30%)-$5,922
Net Cost$13,818

Solar Production in Indiana

Indiana receives an average of 1,180 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 8,260 kWh in year one, declining by 0.5% annually due to panel degradation.

At Indiana's average residential rate of $14.2¢/kWh with 4% annual escalation, first-year savings are $1,173. The solar LCOE of $0.173/kWh is -22% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in Indiana

Net metering phased down — excess valued at wholesale after 2032 transition

Solar FAQ for Indiana

How much does solar cost in Indiana?
A typical 7 kW residential solar system in Indiana costs $19,740 before incentives. After the 30% federal ITC, the net cost drops to $13,818.
What is the solar payback period in Indiana?
Based on the average IN utility rate of $14.2¢/kWh and local solar irradiance of 1,180 kWh/kW/year, a 7 kW system typically pays for itself in 13 years. The 25-year NPV is $4,436.
Does Indiana have net metering?
Net metering phased down — excess valued at wholesale after 2032 transition
What is the LCOE of solar in Indiana?
The levelized cost of solar energy in Indiana is approximately $0.173/kWh, compared to the current average utility rate of $14.2¢/kWh. Solar electricity costs -22% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in Indiana?
Indiana receives approximately 1,180 kWh of solar energy per installed kW per year. A 7 kW system produces about 8,260 kWh in its first year, enough to offset 79% of the average U.S. household's electricity consumption.

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Solar ROI in Similar States

Vermont

NPV: $14,415 · Payback: 8yr
Rate: $21.2¢/kWh · #27 ranked

Georgia

NPV: $7,487 · Payback: 10yr
Rate: $13.2¢/kWh · #28 ranked

Ohio

NPV: $3,882 · Payback: 13yr
Rate: $14.2¢/kWh · #29 ranked

Kansas

NPV: $7,883 · Payback: 10yr
Rate: $13.8¢/kWh · #30 ranked

Virginia

NPV: $5,193 · Payback: 11yr
Rate: $13.2¢/kWh · #31 ranked

Alabama

NPV: $7,801 · Payback: 10yr
Rate: $13.5¢/kWh · #32 ranked

Get Your Indiana Solar Analysis

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