Electricity Rates in Indiana

About 50.45% of the electricity companies in Indiana offer net metering to their consumers. At the state level, Indiana has decent net metering and feed in tariff regulations.

There are 42 companies in Indiana that reported energy loss. Combined, these 42 providers average a yearly energy loss of 4.15% of electricity produced. The United States average is 2.43%, meaning Indiana ranks 40th best in the US for energy loss efficiency.

Motivating residents to consider installing solar panels can definitely be a challenge due to high installation costs. States can help by issuing rebates and tax breaks to their citizens. Indiana, unfortunately, has no statewide tax credits offered to residents who install solar. There are currently no state sponsored rebates available to consumers who are considering purchasing solar. Indiana residents have the ability to apply a 100% property tax exemption for the installation of solar panels, which is better than almost all other states. There is currently a 100% sales tax exemption in place for the purchase of solar at a place of residence.

Whether a customer is able to easily purchase electricity plans with renewable fuel types is partially determined by legislation at the state level. States that have Renewable Portfolio Standards (RPS) have requirements in place for electricity providers who operate in the state. These standards dictate that a certain amount of electricity must be produced using renewable fuel types. The state of Indiana, unfortunately, has only a limited or optional program established. Furthermore, there are currently no low income solar programs to encourage low income families to install solar panels.