Solar Panel Cost in Indiana (2026)
In Indiana, home solar installs for roughly $2.65/watt in 2026. A typical 8 kW system runs about $21,200, with an estimated payback near 11.8 years at the state's ~18¢/kWh electricity rate.
| System size | Est. cost | Est. annual savings | Payback |
|---|---|---|---|
| 6 kW | $15,900 | $1,400/yr | 11.8 yrs |
| 8 kW | $21,200 | $1,800/yr | 11.8 yrs |
| 11 kW | $29,200 | $2,500/yr | 11.8 yrs |
Estimates use ~$2.65/watt installed and Indiana's ~18¢/kWh rate. Before any state/local incentives.
Indiana solar notes
Indiana phased out full net metering in 2022; utilities now credit exports at roughly wholesale-plus rates (~1.25x avoided cost), weakening solar economics.
Heads up: the 30% federal tax credit for purchased home solar ended Dec 31, 2025. Leased/PPA systems may still qualify through 2027, and Indiana may offer its own incentives — check locally.
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