Solar Panels Cost $17k-$29k in Huntington County, IN | November, 2024
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How much do solar panels cost in Huntington County, IN in 2024?
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In Huntington County, IN in November, 2024 you'll pay about $4.19 per watt to have solar panels.
Each 1 kW (1000 watts) of solar power capacounty will cost you $4,190 for installation. In Huntington County, a 5 kW solar panel install sets you back, on average, $14,665 after the 30% federal income tax credit. A 5kW system may not be big enough to fully meet your energy demands.
Select your county from the menu on the left to find the average roof size and maximum solar panel system capacity for homes in your area. Below, you can see a comprehensive 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.
Huntington County: $14,665US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Huntington 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.
Huntington County: $22,070US Average: $16,169
Solar Potential in Huntington County
Estimated system size and solar electricity production per median viable roof in Huntington County.
Roof size 1,180sq. ft.
Capacity 16.5kW DC
Electricity 18kkWh AC per yr.
Electricity Costs in Huntington County, IN & What that Means for Your Solar Panel Pricing
In Huntington County, the monthly kWh usage for energy consumers averages 1,229 kWh, with an average electric bill of 179.25. It’s worth remembering that this figure encompasses apartments and other smaller living spaces that generally have less energy use.
Huntington County, IN's electricity rate is on average 14.59¢ per kWh in November 2024.
Upfront, a 10 kW solar panel system is priced at around $41,900, after a 30% federal tax credit, the final cost is $29,330.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Huntington County
On the left, you will find a price breakdown for different solar panel system sizes set up in Huntington County. The investment for a larger solar panel setup is higher, but it also offers more significant electricity savings and more substantial income tax credits.
The solar panel cost calculator down and to the right analyzes costs and benefits, considering an average $179.25 electric bill in Huntington County For results that are customized, modify the $179.25 to match your average electricity bill.
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
$17,598
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 5.72 tons a year
Equivalent to planting 263 trees a year
Equivalent to driving 14,168 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$20,531
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 6.68 tons a year
Equivalent to planting 307 trees a year
Equivalent to driving 16,530 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$23,464
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 7.63 tons a year
Equivalent to planting 351 trees a year
Equivalent to driving 18,891 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$26,397
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $166
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 8.59 tons a year
Equivalent to planting 394 trees a year
Equivalent to driving 21,252 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$29,330
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $179
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 9.24 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,864 mi less a year
Huntington County Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant can fund anywhere from 80% to 100% of the expenses associated with setting up solar energy or wind turbines for rural small businesses and farmlands. Confirm if you are eligible by trying our REAP Grant eligibility tool.
For those looking into residential solar, the 30% federal income tax credit is offered to most people, which makes solar a feasible option in many states. In conjunction with federal efforts, state and local programs help to promote the use of solar power.
In Indiana, 6 solar rebates and incentives are currently available from different utilities and government agencies.
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 Huntington County, IN?
For those in Huntington County looking to stay in their homes past the payback period of their solar system, solar panels make good sense. With a 5 kW solar system in Huntington County, IN, the average savings over a 20 period is $28,355, with break even typically occurring at 7 years.
The cost of not having solar panels in Huntington County, IN
Not installing solar panels or any other backup energy system leads to missing the previously noted savings and full dependence on your electric utility for electricity. Recent news examples have shown that full reliance on your utility provider is not always ideal.
Every year, customers in Huntington County face approximately 1.09 outages each year. On average, each outage lasts for 155.83 minutes. Major events like wildfires, aging infrastructure, or vandalism can considerably extend these durations.
See the graphic below to see the number of current electricity customers without power in Huntington County.
With or without a backup battery, a solar panel system could ease the stress of future power disruptions you might experience.
Power Outages
Currently, 0 customers are being tracked in Huntington County.
What impacts the cost of solar panels in Huntington County, IN?
Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt drops as the size of the system expands. Many homeowners find it useful to install a system that can produce enough electricity to replace the entirety of their electric bill. This approach makes the most sense for optimal savings.
Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment on the market. The installer you choose may have specific brand preferences, so it's important to select a highly rated installer. Buyers who prioritize better models generally enjoy a better long-term experience.
Solar Panel Type - It's not surprising that monocrystalline panels are now the industry standard. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.
Your Property - Trees, irregular terrain, or additional challenges can increase the difficulty of the installation. Many solar installers today are able to leverage satellite imagery to evaluate your home and factor in these aspects in the initial cost estimate.
Labor Rates - Differences in employee wages across companies lead to expenses that are transferred to the consumers. Businesses that pay higher wages often get higher reviews for their work and customer service.
Permitting & Interconnection - The cost of installation will change depending on local permitting and utility interconnection fees. Experienced local installers will incorporate these numbers into your first quotes to avoid any surprises.
See what solar panels cost in other Huntington County cities
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Huntington County, IN Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Huntington County, IN is $4.19/W. Installing a 5 kW solar panel system in Huntington County, IN will cost approximately $14,665 after applying the federal tax credit.
If you live in Indiana, you can find 6 rebates and incentives through different utilities and government agencies. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
While paying cash provides the most savings, various financing options for solar panels exist that also make financial sense. Financing options from installers will often be detailed in your initial quotes.
Yes, the typical payback time for 5 kW solar panel systems in Huntington County, IN is 7 years, and the expected electricity cost savings over 20 years is $28,355.
Savings from 
Environmental Impacts 
