Solar Panels Cost 15k-27k in Allen County, IN | December, 2024

Solar Panels Cost $15k-$27k in Allen County, IN | December, 2024

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How much do solar panels cost in Allen County, IN in 2024?

Having solar panels in Allen County, IN is $4.35/W in the month of December, 2024.

In accordance with the cost, we are able to come to the conclusion that for every 1000 watts (1 kW) your solar system can produce, you will have to spend, on average, $4,350 for its installation. In Allen County, a 5 kW solar panel install will require you to pay, on average, $15,225 after the 30% federal income tax credit. A 5kW system may not be enough to fulfill your energy requirements.

To the left, you can choose your county to find the average roof size and the maximum capacity of solar panel systems for houses in your area. Below is a full breakdown of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Allen County: $15,225US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Allen County: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Allen County: $13,770US Average: $16,152

Solar Potential in Allen County

Estimated system size and solar electricity production per median viable roof in
Allen County.

Roof size 787sq. ft.
Capacity 11kW DC
Electricity 12.2kkWh AC per yr.

Electricity Costs in Allen County, IN & What that Means for Your Solar Panel Pricing

The typical energy consumer in Allen County has a monthly electric bill of 148.00 and uses 934 kWh on average. Flats and smaller homes with lower energy consumption are included in this statistic.

Allen County, IN's electricity rate is on average 15.85¢ per kWh in December 2024.

The price of a a 9 kW solar installation is approximately $39,150 before any incentives, but the federal tax credit provides a 30% credit, lowering your final cost to $27,405.

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Average solar panel costs by system size in Allen County

Shown below and to the left, you will see a detailed price breakdown for multiple solar panel system sizes installed in Allen County. The investment for a larger solar panel setup is greater, but it also offers more significant electricity savings and increased income tax credits.

Using the solar panel cost calculator positioned below and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $148.00 in Allen County. To get results more customized, modify the $148.00 to align with your typical electricity bill.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,108 a year
Est. Price
$15,225
Savings from a 5kWthis system
  • Est. yearly production 6,923 kWh
  • Est. monthly savings $92
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.73 tons a year
  • Equivalent to planting 263 trees a year
  • Equivalent to driving 14,178 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,329 a year
Est. Price
$18,270
Savings from a 6kWthis system
  • Est. yearly production 8,307 kWh
  • Est. monthly savings $111
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 6.87 tons a year
  • Equivalent to planting 316 trees a year
  • Equivalent to driving 17,013 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,551 a year
Est. Price
$21,315
Savings from a 7kWthis system
  • Est. yearly production 9,692 kWh
  • Est. monthly savings $129
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 8.02 tons a year
  • Equivalent to planting 368 trees a year
  • Equivalent to driving 19,849 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,772 a year
Est. Price
$24,360
Savings from a 8kWthis system
  • Est. yearly production 11,076 kWh
  • Est. monthly savings $148
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 9.16 tons a year
  • Equivalent to planting 421 trees a year
  • Equivalent to driving 22,685 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,994 a year
Est. Price
$27,405
Savings from a 9kWthis system
  • Est. yearly production 12,461 kWh
  • Est. monthly savings $148
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 9.18 tons a year
  • Equivalent to planting 422 trees a year
  • Equivalent to driving 22,733 mi less a year

Allen County Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farmlands. Curious if you are eligible? Our REAP Grant eligibility tool can help you verify.

Due to the 30% federal income tax credit, residential solar installations are affordable for most people, rendering solar power a practical investment throughout various states. In addition to the federal incentives, state and local programs also seek to boost solar energy uptake.

There are 6 solar incentive and rebate initiatives in Indiana, provided by different utilities and governmental organizations.

Renewable Energy Property Tax Exemption

Value:Varies

Property tax exemptions apply in Indiana for solar, wind, geothermal, and hydroelectric power and thermal devices. (Solar devices installed before January 1, 2012 do not qualify for an exemption.) For most generation systems, exemptions will amount to the currently assessed value of the system (adjusted for depreciation.) Solar thermal, HVAC, or pool heating systems will be exempted at a fixed amount equal to parts and labor costs. Unique to Indiana, should the owner sell their property, exemptions will not apply to the new owner. Qualifying taxpayers may claim the exemption by filing Form 18865 with their county. Additional information is available from the Indiana Department of Local Government Finance website.

Community Conservation Challenge

Value:Varies

NOTE: This program is closed to new applicants. Indiana's Community Conservation Challenge is a grant program managed by the Office of Energy Development. Commercial, industrial, or agricultural property owners may be eligible for $20,000 - $80,000 to install new renewable energy systems or make energy efficiency improvements. Projects that may qualify for funding include green vehicles, HVAC, lighting, solar PV/thermal systems, and wind turbines. At least one community must partner with the property owner, and the completed project should be visible to the public eye. Additional information is available from the OED website.

NIPSCO - Feed-In Tariff

Value:Varies

NIPSCO pays feed-in tariffs to distributed renewable energy customers with systems rated for 3 kilowatts to one megawatt of capacity. Monthly compensation will take the form of a bill credit based on the amount of excess energy sent back to the grid. Unlike net metering, NIPSCO has greater control over how much of a customer's generated energy can be considered "excess." This control is to keep the grid stable. Customers must "opt in" to receive tariffs by filling out an application on the NIPSCO website and paying an administration fee based on system capacity; the current fee is $1 per kilowatt plus $25.

Clean Energy Portfolio Standard

Value:Varies

Indiana has adopted a non-binding renewable portfolio standard called the CHOICE. There have been three clean energy targets set with the final goal of sourcing 10% of the state's energy from renewable sources by 2025. Unique to the CHOICE standard, up to 30% of investments can be in cleaner conventional energy (natural gas, CHP, and clean coal). Participation in the CHOICE is completely voluntary. Interested utilities can register with the state's Utility Regulatory Commission to submit business and project plans. As a utility makes CHOICE investments, they will earn Clean Energy Credits pegging energy capacity to a fixed dollar value. Additional information is available from the CHOICE website.

City of Bloomington - Sustainable Development Incentives

Value:Varies

Special administrative incentives may apply to new construction in Bloomington, IN if it meets certain green building standards. The city has established standards across four areas, including energy efficiency, landscape/water efficiency, public policy (specifically promoting alternative vehicles), and public transportation. Buildings meeting certain minimum quotas for projects in the goal areas may qualify for permit fee waivers and less strict setback requirements. Additional information is available from the Bloomington city website.

City of Indianapolis - Green Building Incentive Program

Value:Varies

Special permitting privileges may apply to new projects in Indianapolis or greater Marion County if designers adhere to certain energy efficiency standards. Qualifying structures should either use on-site solar panels/small wind equipment or be ASHRAE 90.1 certified. Appliances, lighting, and HVAC systems used should be ENERGY STAR certified. Once the builder applies for permits, the structure will be ranked across six sustainability criteria. If it passes minimum standards on at least half of the criteria, 30% of the total permit fees will be refunded. For each additional criterion, another 10% will be added to the total rebate. Additional information is available from the Indianapolis city website.

Are solar panels worth it in Allen County, IN?

For those in Allen County looking to stay in their homes past the payback period of their solar system, solar panels make good sense. If you install a 5 kW solar system in Allen County, IN, you might save $20,295 over 20 years on average, with a break even point at roughly 9 years.

The cost of not having solar panels in Allen County, IN

Without solar panels or another energy backup source, you miss out on the savings highlighted earlier and are entirely dependent on your electric utility for power. Complete reliance on your utility provider is not always ideal, as recent examples in the news have shown.

On average, customers in Allen County have experienced 1.1 utility outages per year in recent times. Each outage lasts an average of 151.16 minutes. In the case of major events such as hurricanes, wildlife damage, or grid management errors, this period can increase substantially.

View the component below to see the number of current electricity customers without power in Allen County.

A solar panel system with (or without) a backup battery could relieve the stress of future outages you experience.

Power Outages

Currently, 0 customers are being tracked in Allen County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Allen County, IN?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is larger. For most homeowners, installing a system that can make enough power to fully offset their entire electric bill is advantageous, providing significant savings.

Make & Model - There are a variety of makes and models of solar panels. Your installer’s potential brand preferences make it essential to choose a recommended company. The selection of better makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - It's clear why monocrystalline panels are now the preferred option in the industry. They are pricier but generate more energy. Many professionals in solar installation use panels made from this material.

Your Property - Each home and property is unique in its own way. Trees, uneven land, or additional hurdles may complicate the installation. Most solar installers today are able to utilize satellite imagery to assess your home and factor in these elements in the initial cost estimate.

Labor Rates - The pay that various companies offer their employees differ, and these costs are borne by the consumers. Businesses frequently get higher reviews for their work and customer service when they pay better wages.

Permitting & Interconnection - The local permitting and utility interconnection fees, which vary by region, will affect your final installation price. Quality local installers will include these figures in your first estimates to guarantee transparency.

See what solar panels cost in other Allen County cities

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Who are the best solar installers in Allen County?

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

Icon Solar

Milford, OH(513) 396-7777

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Allen County, IN Solar Panel Cost FAQs

  • As of December, 2024, the average per-watt cost for solar panels in Allen County, IN is $4.35/W. For a 5 kW solar panel system, the total cost in Allen County, IN after federal tax credits is around $15,225.

  • As of now, there are 6 rebates and incentives offered by various utilities and government entities in Indiana. In addition, the 30% federal income tax credit is available to almost everyone.

  • Even though paying cash offers the most savings, there are now multiple financing options for solar panels that also make financial sense. Installers will often provide details on financing partners in the quotes they provide initially.

  • Yes, the average 5 kW solar panel payback time in Allen County, IN is 9 years, with expected savings of $20,295 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-12-08