Solar Panels Cost 17k-29k in Dearborn County, IN | November, 2024

Solar Panels Cost $17k-$29k in Dearborn County, IN | November, 2024

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

Solar panel installations in Dearborn County, IN in the month of November, 2024 have an average cost of $4.23 per watt.

Based on this cost per watt, solar panels will cost you approximately $4,230 per 1000 watts (1 kW) of production capacounty. After receiving the 30% federal tax credit, you will spend approximately $14,805, in Dearborn County, for a 5 kW solar panel install. Note that a more extensive system could be required to ensure your energy requirements are met.

To the left, you can select a county to view the average roof size and the average maximum generation capacity for residential solar on homes in your area. Outlined below are 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.
Dearborn County: $14,805US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Dearborn 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.
Dearborn County: $18,863US Average: $16,169

Solar Potential in Dearborn County

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

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.

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

The average kWh usage for a Dearborn County resident is 1,126 monthly, with an average electric bill of 166.72. Smaller residences, such as lofts or apartments, are also covered in the numbers referenced in the prior sentence.

The electricity rate per kWh in Dearborn County, IN for November 2024 is on average 14.81¢.

Currently, a 10 kW solar panel system will cost around $29,610 after incentives.

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Average solar panel costs by system size in Dearborn County

On the left, you will find a cost breakdown for multiple solar panel system sizes set up in Dearborn County. A bigger solar array will naturally cost more, but it will also yield greater electricity savings and more substantial income tax credits.

The solar panel cost calculator, positioned down and to the right, provides a cost and benefit breakdown using an average $166.72 electric bill for Dearborn County. To obtain tailored results, alter the $166.72 to match your typical electricity payment.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$17,766
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $111
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.62 tons a year
  • Equivalent to planting 166 trees a year
  • Equivalent to driving 8,958 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$20,727
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 4.22 tons a year
  • Equivalent to planting 194 trees a year
  • Equivalent to driving 10,451 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$23,688
Savings from a 8kWthis system
  • Est. yearly production 11,832 kWh
  • Est. monthly savings $148
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 4.83 tons a year
  • Equivalent to planting 222 trees a year
  • Equivalent to driving 11,944 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$26,649
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 5.43 tons a year
  • Equivalent to planting 249 trees a year
  • Equivalent to driving 13,437 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$29,610
Savings from a 10kWthis system
  • Est. yearly production 14,790 kWh
  • Est. monthly savings $167
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 5.45 tons a year
  • Equivalent to planting 250 trees a year
  • Equivalent to driving 13,487 mi less a year

Dearborn County Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing photovoltaic or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. To see if you qualify, use our REAP Grant eligibility tool.

Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which turns installing solar energy a sensible choice in numerous regions of the U.S. Additionally, there are numerous state and local incentives to further encourage the adoption of solar energy.

In Indiana, various utilities and government agencies offer 6 solar rebate and incentive programs.

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 Dearborn County, IN?

If you expect living in your home longer than the solar system's payback period, adding solar panels is an clear decision in Dearborn County. If you install a 5 kW solar system in Dearborn County, IN, you might save $25,207.8 over 20 years on average, with a break even point at around 7 years.

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

In addition to forgoing the savings, the absence of solar panels or another backup energy source leads to full dependence on your electric utility for your power needs. Complete reliance on your utility provider is not always ideal, as recent examples in the news have demonstrated.

The average number of outages per customer per year for utilities in Dearborn County has been 1.23 recently. The average duration of each outage is 176.85 minutes. During severe events like wildlife damage, equipment failure or heavy rain and flooding, these times can grow significantly longer.

Take a look at the graphic below to see the number of current electricity customers without power in Dearborn County.

A solar panel system, regardless of whether it includes a backup battery or not, could lessen the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Dearborn County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is decreased. Setting up a solar panel system that can cover the electric bill is advantageous to consumers because of the savings gained.

Make & Model - Just like any other product, solar panels and mounting equipment are offered in a range of makes and models. Because the installer you choose might have particular system preferences, selecting a reputable installer is even more important. The selection of superior makes and models can greatly better the long-term experience for buyers.

Solar Panel Type - There's a good reason why monocrystalline panels are now considered the industry standard. Despite the higher price tag, these panels generate greater energy output. The majority of installation experts use panels constructed from this material.

Your Property - No two properties or homes are the same. Trees, irregular terrain, or additional hurdles can make the installation process more challenging. Today, many solar installers can assess your home with satellite images and factor in these considerations in the initial cost estimate.

Labor Rates - Companies pay varied wages to their employees, and these costs are inevitably passed on to the consumers. Businesses paying higher wages typically receive better reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Reputable local installers will include these figures in your initial estimates to ensure transparency.

See what solar panels cost in other Dearborn County cities

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Who are the best solar installers in Dearborn 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.

PowerHome Solar

Mooresville, NC(704) 870-3670

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.

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.

Dearborn County, IN Solar Panel Cost FAQs

  • In November, 2024, the average cost of solar panels per watt in Dearborn County, IN is $4.23/W. In Dearborn County, IN, installing a 5 kW solar panel system will set you back approximately $14,805 after federal tax incentives.

  • Currently, Indiana residents can benefit from 6 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are cost-effective. Financing details are often provided by installers and may be included in your initial quotes.

  • Yes, solar panels systems of 5 kW in Dearborn County, IN typically have a payback period of 7years, with expected savings on electricity costs of $25,207.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-04