Solar Panels Cost $16k-$27k in Greene County, IN | November, 2024
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How much do solar panels cost in Greene County, IN in 2024?
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For the month of November, 2024, the cost per watt for going solar in Greene County, IN is $3.98/W.
Expect to pony up $3,980, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. After receiving the 30% federal tax credit, a 5 kW solar panel install in Greene County will cost approximately $13,930. Bear in mind that you could need a higher capacity system to meet your energy requirements.
To your left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Displayed below is an analysis of the price, 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.
Greene County: $13,930US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Greene 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.
Greene County: $23,878US Average: $16,169
Solar Potential in Greene County
Estimated system size and solar electricity production per median viable roof in Greene County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Greene County, IN & What that Means for Your Solar Panel Pricing
The typical monthly electric bill for Greene County residents is 182.41, with a typical usage of 1,128 kWh. Be mindful that this figure includes data from apartments and other compact residences with reduced energy needs.
The average rate for electricity in Greene County, IN during November, 2024 is 16.18¢ per kWh.
The upfront cost for a 10 kW setup amounts to $39,800, but after receiving a 30% federal tax credit, your total comes down to $27,860.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Greene County
Displayed on the left side, you'll see a comprehensive price breakdown of the various sizes of solar panel systems installed in Greene County. The bigger the solar array, the greater the initial expense, but also the more substantial electricity savings and income tax credits you'll get.
In the calculator located to the right and below, you will find a breakdown of solar panel costs and benefits, calculated with an average $182.41 electric bill for Greene County. Adjust the $182.41 to your usual electricity bill payment for results that fit your situation.
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 $1,420 a year
Est. Price
$16,716
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $118
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.8 tons a year
Equivalent to planting 267 trees a year
Equivalent to driving 14,363 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$19,502
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $138
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.77 tons a year
Equivalent to planting 311 trees a year
Equivalent to driving 16,756 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$22,288
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $158
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 7.74 tons a year
Equivalent to planting 355 trees a year
Equivalent to driving 19,150 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,130 a year
Est. Price
$25,074
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $177
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 8.7 tons a year
Equivalent to planting 400 trees a year
Equivalent to driving 21,544 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,366 a year
Est. Price
$27,860
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $182
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 8.93 tons a year
Equivalent to planting 410 trees a year
Equivalent to driving 22,093 mi less a year
Greene County Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant is designed to assist rural farmlands and small businesses by covering 80% to 100% of the costs associated with solar or wind turbine installations. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.
For those looking into residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar a practical option in many states. Moreover, there are many state and local incentives to further push for the adoption of solar energy.
A variety of utilities and governmental organizations in Indiana provide 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 Greene County, IN?
For those looking to stay in their home past the solar system's payback period, solar panels are a smart investment in Greene County. In Greene County, IN, a 5 kW solar system installation might save you $29,848.4 on average over 20 years, with a typical break even point of 6 years.
The cost of not having solar panels in Greene County, IN
The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. As shown by recent news stories, complete dependence on your utility company isn't always ideal.
The average number of outages per customer per year for utilities in Greene County has been 1.31 lately. Each outage lasts an average of 162.43 minutes. In the case of major events such as equipment failure, heavy rain and flooding or vandalism, this period can increase substantially.
See the graphic below to see the number of current electricity customers without power in Greene County.
A solar panel system could reduce the inconvenience of future outages, even if it is without a backup battery.
Power Outages
Currently, 0 customers are being tracked in Greene County.
What impacts the cost of solar panels in Greene County, IN?
Your Energy Needs - The cost per watt declines with larger solar panel systems, even if the upfront cost is higher. Many consumers realize it's a smart idea to install a solar system that can produce enough power to offset their electric bill, because it helps them reduce costs.
Make & Model - Just like other products, solar panels and mounting equipment come in a wide variety of makes and models. Choosing an installer with certain system preferences means it's even more necessary essential to go with a reputable company. The use of high-quality makes and models can significantly improve the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and rightly so. They are more expensive but generate more energy. Most professionals in solar installation work with panels constructed from this material.
Your Property - Challenges like trees, uneven ground, or other considerations can increase the difficulty of installing solar panels. Today, most solar installers can assess your home with satellite images and include these elements in the preliminary cost estimate.
Labor Rates - Companies compensate their employees in varied amounts, and these costs are passed down to consumers. Higher wages frequently lead to businesses getting better reviews for their services and customer service.
Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which differ by area. Quality local installers will include these figures in your preliminary estimates to guarantee transparency.
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Greene County, IN Solar Panel Cost FAQs
In Greene County, IN, the mean cost per watt for solar panels as recorded in November, 2024 is $3.98/W. The installation of a 5 kW solar panel system in Greene County, IN will cost about $13,930 after federal tax credits.
At present, there are 6 rebates and incentives available to Indiana residents from various utility and government programs. On top of that, most individuals are eligible for the 30% federal income tax credit.
Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, on average, the return on investment for 5 kW solar panel systems in Greene County, IN is achieved in 6 years, with electricity savings amounting to $29,848.4 over 20 years.
Savings from 
Environmental Impacts 
