Solar Panels Cost $14k-$26k in Dubois County, IN | November, 2024
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How much do solar panels cost in Dubois County, IN in 2024?
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For the month of November, 2024, the price per watt of a solar panel installation in Dubois County, IN is $4.15/W.
Based on the cost per watt, we are able to conclude that for every 1 kW (1000 watts) of solar power capacounty will require an investment of $4,150 for installation. A 5 kW solar system in Dubois County is typically about $14,525 after accounting for the 30% federal income tax credit. It's important to note that a higher capacity system could be required to adequately cover your energy consumption.
On the left-hand side, you can choose your county to find out the typical roof size and the maximum capacity for solar panels in residences in your area. Outlined below are the costs, 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.
Dubois County: $14,525US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Dubois County: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Dubois County: $17,480US Average: $16,169
Solar Potential in Dubois County
Estimated system size and solar electricity production per median viable roof in Dubois County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Dubois County, IN & What that Means for Your Solar Panel Pricing
Energy consumers in Dubois County typically pay 159.29 per month for electricity, with an average monthly usage of1,089 kWh. Compact living spaces, such as apartments and cottages, are also considered in the statistics cited in the prior sentence.
As of November 2024, the average rate for electricity per kWh in Dubois County, IN amounts to 14.62¢.
Currently, a 9 kW setup will be priced at around $37,350upfront, but thanks to the federal tax credit, you receive 30% back, reducing the total to $26,145.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Dubois County
Available below and to the left is the price structure for multiple sizes of solar panel systems installed in Dubois County. The initial cost for larger solar systems is greater, but they also offer more significant electricity savings and higher income tax credits.
View a cost benefit analysis in the solar panel cost calculator to the right and below, for an average electric bill of $159.29 in Dubois County. To get customized results, easily adjust the $159.29to reflect your average electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,109 a year
Est. Price
$14,525
Savings from a 5kWthis system
Est. yearly production 7,395 kWh
Est. monthly savings $92
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.35 tons a year
Equivalent to planting 246 trees a year
Equivalent to driving 13,232 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$17,430
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 6.42 tons a year
Equivalent to planting 295 trees a year
Equivalent to driving 15,879 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$20,335
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 7.48 tons a year
Equivalent to planting 344 trees a year
Equivalent to driving 18,525 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$23,240
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 8.55 tons a year
Equivalent to planting 393 trees a year
Equivalent to driving 21,172 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$26,145
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $159
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 9.2 tons a year
Equivalent to planting 422 trees a year
Equivalent to driving 22,761 mi less a year
Dubois County Solar Panel Installation Incentives & Rebates | 2024
If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your solar or wind turbine project. Believe you fall into this category? Verify your qualification with our REAP Grant eligibility tool.
The 30% federal income tax credit for residential solar is offered to most homeowners, which makes solar energy a wise choice in numerous regions nationwide. There are also a range of state and local efforts aimed at increasing solar energy use.
Various utilities and government organizations in Indiana have 6 solar rebate and incentive programs.
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 Dubois County, IN?
Homeowners in Dubois County who expect to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. In Dubois County, IN, the installation of a 5 kW solar system can save you an average of $23,704.6 over 20 years, with an average break even point of 8 years.
The cost of not having solar panels in Dubois County, IN
Forgoing the installation of solar panels or an alternative backup energy source results in missing the earlier mentioned savings and total reliance on your electric utility for power. Several recent examples in the news have revealed that total dependence on your utility company isn't always ideal.
Yearly, the utilities in Dubois County have recorded about 2.27 outages per customer. Typically, outages have an average duration of 153.65 minutes. However, during significant events such as tornadoes, grid management errors, or wildlife damage, these times can drastically increase.
View the info below to see the number of current electricity customers without power in Dubois County.
Owning a solar panel system, with or without a backup battery, could reduce the strain of any future outages you may encounter.
Power Outages
Currently, 0 customers are being tracked in Dubois County.
What impacts the cost of solar panels in Dubois County, IN?
Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is greater. Individuals often realize that installing a solar system to offset their electric bill is a beneficial decision, resulting in the most savings.
Make & Model - Solar panels are offered in a range of makes and models. The potential system preferences of your selected installer make it crucial to pick a highly rated company. For a better long-term experience, buyers should consider superior quality makes and models.
Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They have a higher price but are better at generating energy. The majority of solar panel installers use panels made of this material.
Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other impediments may complicate the installation process. Today, the many solar installers can evaluate your home with satellite images and factor in these factors in the preliminary cost estimate.
Labor Rates - The varied employee wages paid by companies cause costs that consumers ultimately paying . Companies that invest in higher wages often see higher reviews for their work and customer service.
Permitting & Interconnection - Permitting and utility interconnection fees vary locally and will impact your installation cost. Quality local installers will include these figures in your first estimates to ensure transparency.
See what solar panels cost in other Dubois County cities
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Dubois County, IN Solar Panel Cost FAQs
As of November, 2024, the average per-watt cost for solar panels in Dubois County, IN is $4.15/W. In Dubois County, IN, the cost of installing a 5 kW solar panel system is approximately $14,525 after applying the federal tax credit.
Indiana offers 6 different rebates and incentives from a range of utilities and government organizations. In addition, nearly all people are eligible for the 30%federal tax credit.
Even though paying cash yields the most savings, there are now several financing options for solar panels that also are cost-effective. Initial quotes from installers will frequently detail information about available financing options.
Yes, the payback period for 5 kW solar energy systems in Dubois County, IN averages 8 years, with electricity savings of about $23,704.6 over 20 years.
Savings from 
Environmental Impacts 
