Indiana offers moderate solar economics with Duke Energy serving major markets and reasonable installation costs supporting adoption.
Affiliate link - quotes are always free and no-obligation.
Indiana provides solid solar fundamentals: With 13¢/kWh electricity rates and 4.2 daily peak sun hours, the Hoosier State offers reasonable conditions for solar adoption. Duke Energy serves much of the state with net metering available.
For Indianapolis and Fort Wayne residents, solar systems typically pay for themselves in 10-12 years. Moderate electricity rates and installation costs create balanced solar economics.
| Incentive | Amount | Status |
|---|---|---|
| Federal ITC | 30% of system cost | Active |
| Duke Energy Net Metering | Full retail rate | Active |
| Property Tax Exemption | Not available | None |
| Sales Tax Exemption | Not available | None |
| System size | Gross cost | After ITC | Annual savings | Payback |
|---|---|---|---|---|
| 6 kW | $17,400 | $12,180 | ~$1,100/yr | ~11.1 years |
| 8 kW | $23,200 | $16,240 | ~$1,470/yr | ~11.1 years |