Solar Panels Cost $19k-$30k in Daviess County, IN | November, 2024
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How much do solar panels cost in Daviess County, IN in 2024?
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On average, in Daviess County, IN in the month of November, 2024, the cost per each watt of solar panels is $3.91/W.
For every 1000 watts (1 kW) your solar panel system can generate, you will have to invest, on average, $3,910 to have it installed. In Daviess County, after receiving the 30% federal income tax credit, a 5 kW solar panel system sets you back $13,685. It's vital to note that a more powerful system could be necessary to fulfill your energy requirements.
Use the left-hand menu to select your area and find out the typical roof size and the maximum generation capacity for residential solar on homes in your county. Below, you can see a detailed outline of the costs, payback period, and 20-year typical 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.
Daviess County: $13,685US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Daviess County: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Daviess County: $28,884US Average: $16,169
Solar Potential in Daviess County
Estimated system size and solar electricity production per median viable roof in Daviess County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Daviess County, IN & What that Means for Your Solar Panel Pricing
In Daviess County, the typical kWh usage is 1,318 per month, and the electric bill is 201.81. Remember that apartments and smaller dwellings, which typically have reduced energy consumption, are encompassed in this number.
The average electricity rate in Daviess County, IN in November 2024 is 15.31¢ per kWh.
The cost of a an 11 kW setup is approximately $43,010 before any incentives, but the federal tax credit provides a 30% credit, reducing your total to $30,107.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Daviess County
Presented below and to the left, you will see a thorough price breakdown for multiple solar panel system sizes installed in Daviess County. Although a bigger solar installation carries a larger expense, it also provides greater electricity savings and higher income tax credits.
Using the solar panel cost calculator situated below and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $201.81 in Daviess County. Change the $201.81 with your typical electricity bill to get customized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$19,159
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.83 tons a year
Equivalent to planting 268 trees a year
Equivalent to driving 14,442 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$21,896
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $148
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.67 tons a year
Equivalent to planting 306 trees a year
Equivalent to driving 16,505 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$24,633
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $166
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 7.5 tons a year
Equivalent to planting 345 trees a year
Equivalent to driving 18,568 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$27,370
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $185
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 8.33 tons a year
Equivalent to planting 383 trees a year
Equivalent to driving 20,631 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,440 a year
Est. Price
$30,107
Savings from a 11kWthis system
Est. yearly production 16,269 kWh
Est. monthly savings $202
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 9.11 tons a year
Equivalent to planting 418 trees a year
Equivalent to driving 22,542 mi less a year
Daviess County Solar Panel Installation Incentives & Rebates | 2024
For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Think you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.
The federal government offers a 30% tax credit for residential solar systems, making solar attractive and practical for a variety of homeowners. Moreover, several state and local programs are in place to further encourage the adoption of solar energy.
In Indiana, 6 solar rebates and incentives are currently available from various utilities and government organizations.
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 Daviess County, IN?
For those planning to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in Daviess County. A 5 kW solar system in Daviess County, IN might save you an average of $34,749.4 over 20 years, with the break even point generally being 6 years.
The cost of not having solar panels in Daviess County, IN
Beyond forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. The media has demonstrated several cases where total dependence on your utility isn't always ideal.
Annually, customers in Daviess County have dealt with approximately 1.3 utility outages.Yearly, customers in Daviess County have dealt with approximately 1.3 utility outages. On average, each outage lasts for 162.93 minutes. Major events like tornadoes, planned maintenance, or aging infrastructure can considerably extend these durations.
Take a look at the info below to see the number of current electricity customers without power in Daviess County.
Whether a backup battery is included or not, a solar panel system could reduce the burden of potential future outages.
Power Outages
Currently, 0 customers are being tracked in Daviess County.
What impacts the cost of solar panels in Daviess County, IN?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size grows. For most consumers, installing a system that can generate enough power to reduce their entire electric bill is beneficial, providing significant savings.
Make & Model - There are a range of makes and models of solar panels. Picking an contractor with specific brand preferences means it's even more important important to go with a recommended company. The choice of high-quality models can substantially improve the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels have earned their place as the industry standard, and for good reasons. Even with a higher cost, this technology produce more energy. The majority of installers choose panels constructed using this material.
Your Property - Each property and residence is unique. Issues like uneven land, trees, or other obstructions may add to the complexity of the installation. Currently, most solar installers can assess your home using satellite images and incorporate these elements for the initial cost estimate.
Labor Rates - Companies pay their employees in varying amounts, and these costs are passed down to consumers. It is typical for businesses that offer higher wages to garner better reviews for their services and customer service.
Permitting & Interconnection - Local permitting and utility level interconnection fees differ by area and will impact your final install price. Quality local installers will incorporate these figures into your first estimates to eliminate any surprises.
See what solar panels cost in other Daviess County cities
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Daviess County, IN Solar Panel Cost FAQs
The typical cost per watt for solar panels in Daviess County, IN as of November, 2024 is $3.91/W. A 5 kW solar panel system will cost you around $13,685 in Daviess County, IN after the federal tax credit is applied.
If you live in Indiana, you can find 6 rebates and incentives through different utilities and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.
Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Financing partners are often associated with many installers, and this will be detailed in your initial quotes.
Yes, on average, the return on investment for 5 kW solar panel systems in Daviess County, IN is achieved in 6 years, with electricity savings amounting to $34,749.4 over 20 years.
Savings from 
Environmental Impacts 
