Solar Panels Cost $17k-$28k in Carroll County, IN | November, 2024
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How much do solar panels cost in Carroll County, IN in 2024?
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The typical cost per watt of solar in Carroll County, IN in November, 2024 is estimated at $4.07/W.
Based on this cost, you are able to conclude that for every 1000 watts (1 kW) your system can produce you will have to spend $4,070 to get your system installed. In Carroll County, a 5 kW solar installation will require you to pay, on average, $14,245 after the 30% federal income tax credit. However, please keep in mind that a bigger system might be required to fulfill your energy needs.
On the left, select your county to see the average roof size and the maximum generation capacity for residential solar on homes in your area. Outlined below are the price, payback period, and 20-year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Carroll County: $14,245US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Carroll County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Carroll County: $20,018US Average: $16,169
Solar Potential in Carroll County
Estimated system size and solar electricity production per median viable roof in Carroll County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Carroll County, IN & What that Means for Your Solar Panel Pricing
With an average consumption of 1,124 kWh per month, Carroll County households pay about 168.20 for electricity. Flats and small homes, which usually require lower energy, are covered by this figure.
The mean rate for electricity in Carroll County, IN during November, 2024 is 14.97¢ per kWh.
At this time, a 10 kW setup costs $28,491 when including the 30% federal income tax credit.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Carroll County
To your left, there is a full pricing details for the different solar panel system sizes installed in Carroll County. A bigger solar array will obviously cost more, but it will also yield greater electricity savings and higher income tax credits.
The cost and benefit breakdown for solar panels, displayed in the calculator to the right and below, is based on an average electric bill of $168.20 in Carroll County. Personalized results can be gotten by changing the $168.20 to your average bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$17,094
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $111
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.68 tons a year
Equivalent to planting 261 trees a year
Equivalent to driving 14,068 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$19,943
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 6.63 tons a year
Equivalent to planting 305 trees a year
Equivalent to driving 16,413 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$22,792
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $148
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 7.58 tons a year
Equivalent to planting 348 trees a year
Equivalent to driving 18,758 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$25,641
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $166
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 8.53 tons a year
Equivalent to planting 392 trees a year
Equivalent to driving 21,103 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$28,490
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $168
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 8.61 tons a year
Equivalent to planting 395 trees a year
Equivalent to driving 21,307 mi less a year
Carroll County Solar Panel Installation Incentives & Rebates | 2024
Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar energy or wind energy systems. Believe you qualify? Use our REAP Grant eligibility tool to see if you are eligible.
For residential solar installations, nearly all homeowners can benefit from a 30% federal income tax credit, which makes solar energy a feasible choice in many parts of the country. Furthermore, several state and local efforts are in place to further encourage the adoption of solar energy.
Indiana residents have access to 6 solar rebate and incentive initiatives from various utilities and governmental bodies.
Solar incentives in INIncentive Description Value
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 Carroll County, IN?
If you're aiming to stay in your home past the period required to pay back your solar investment, opting for solar panels is a smart decision in Carroll County. A 5 kW system in Carroll County, IN will enable you to save you personally, on average, $26,123 over a 20 period and the average break even point is 7 years.
The cost of not having solar panels in Carroll County, IN
Without solar panels or another backup power source, you miss out on the savings highlighted previously and rely entirely on your electric utility for electricity. As we have seen in numerous recent news reports, full reliance on your utility isn't always the best option.
Lately, utilities in Carroll County have averaged an average of 0.91 outages per customer annually. The average length of an outage is 151.81 minutes. In events like hurricanes, aging infrastructure, or planned maintenance, this duration can extend significantly.
Take a look at the graphic below to see the number of current electricity customers without power in Carroll County.
With or without a backup battery, a solar panel system could reduce the effects of future power interruptions you might face.
Power Outages
Currently, 0 customers are being tracked in Carroll County.
What impacts the cost of solar panels in Carroll County, IN?
Your Energy Needs - Larger solar panel systems have a higher initial cost, yet the average cost per watt falls as the system size expands. Most homeowners see the advantage in installing a solar setup that can make enough power to cover their entire electric bill, ensuring significant savings.
Make & Model - Solar panels and mounting equipment, just like many other products, are offered in a variety of makes and models. Taking into account the specific brand preferences an installer might have, choosing a recommended company is important. Better quality models generally provide a more favorable long-term experience for buyers.
Solar Panel Type - For good reasons, monocrystalline panels have become the standard in the industry. These panels are more expensive, yet they offer more energy. Most installers tend to use panels crafted from this material.
Your Property - Each property and home has its own unique features. Uneven ground, trees, or additional obstacles may add to the difficulty of the installation. Many solar installers now are able to utilize satellite imagery to assess your home and include these factors in the initial cost estimate.
Labor Rates - The costs related to the varied wages offered by companies to their employees are passed on to the consumers. Businesses paying more to their employees frequently receive higher reviews for their work and customer service.
Permitting & Interconnection - Your installation cost will be impacted by area-specific permitting and utility interconnection fees. That said, reputable local installers will be able to integrate these numbers into your preliminary quotes so there are no surprises.
See what solar panels cost in other Carroll County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Carroll County?
Solar systems for selling electricity back to the grid.
Expertise in consulting on advantageous financing for solar.
Consulting on all things solar related.
Carroll County, IN Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Carroll County, IN is $4.07/W. With the federal tax credit, the cost of a 5 kW solar panel system in Carroll County, IN drops to roughly $14,245.
Indiana offers 6 different rebates and incentives from a range of utilities and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.
Paying cash provides the most savings, yet there are several financing options available today for solar panels that are also advantageous. Financing partners are often associated with many installers, and this will be detailed in your initial quotes.
Yes, in Carroll County, IN, the average time for 5 kWsolar panel systems to pay for themselves is 7 years, leading to electricity savings of $26,123 over a 20-year period.
Savings from 
Environmental Impacts 
