Solar Panels Cost $16k-$28k in Jasper County, IN | November, 2024
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How much do solar panels cost in Jasper County, IN in 2024?
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To go solar in the month of November, 2024 in Jasper County, IN averages out to $4.02/W.
Applying the price, you should expect costs to be $4,020, on average, for every 1 kW (or 1000 watts) of solar energy your system will need to produce. A 5 kW panel install in Jasper County will typically cost you $14,070 after the 30% federal tax credit. A larger system could be required to adequately cover your energy consumption effectively.
Select your county from the menu on the left to determine the average roof size and maximum solar panel system capacity for homes in your area. Displayed below is an analysis of the price, 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.
Jasper County: $14,070US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Jasper 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.
Jasper County: $21,370US Average: $16,169
Solar Potential in Jasper County
Estimated system size and solar electricity production per median viable roof in Jasper County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Jasper County, IN & What that Means for Your Solar Panel Pricing
The typical electric bill for a Jasper County energy consumer is 172.79, with monthly usage typically at 1,145 kWh. Apartments and small homes with reduced energy usage are included in this figure.
In November 2024, the electricity rate in Jasper County, IN averages 15.1¢ per kWh.
The initial cost for a 10 kW solar installation will be $40,200, but after a 30% tax credit, your expense drops to $28,140.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Jasper County
To the left, you'll see a full pricing details of the different sizes of solar panel systems implemented in Jasper County. Although a more extensive solar installation has a greater cost, it also brings increased electricity savings and larger income tax credits.
In the calculator located to the right and below, you will find a breakdown of solar panel costs and benefits, calculated with an average $172.79 electric bill for Jasper County. Simply change the $172.79 to your regular electricity bill for customized results.
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
$16,884
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 8.43 tons a year
Equivalent to planting 387 trees a year
Equivalent to driving 20,878 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$19,698
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 9.84 tons a year
Equivalent to planting 452 trees a year
Equivalent to driving 24,358 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$22,512
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 11.25 tons a year
Equivalent to planting 517 trees a year
Equivalent to driving 27,837 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$25,326
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 12.65 tons a year
Equivalent to planting 581 trees a year
Equivalent to driving 31,317 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$28,140
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $173
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 13.15 tons a year
Equivalent to planting 604 trees a year
Equivalent to driving 32,562 mi less a year
Jasper County Solar Panel Installation Incentives & Rebates | 2024
Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their solar energy or wind turbine installation costs covered by the REAP Grant. Think you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.
A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a feasible choice in various regions throughout the United States. Moreover, there are various state and local incentives to further encourage the adoption of solar energy.
A total of 6 solar rebates and incentives are available in Indiana through multiple utility companies 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 Jasper County, IN?
If your intention is to stay in your home beyond the solar payback period, installing solar panels is a good option in Jasper County. If you install a 5 kW solar system in Jasper County, IN, you might save $27,399.6 over 20 years on average, with a break even point at approximately 7 years.
The cost of not having solar panels in Jasper County, IN
Besides missing out on the previously mentioned savings, not installing solar panels or a separate backup energy source results in complete dependence on your electric utility for electricity. Recent news has proven that total reliance on your utility company isn't always ideal.
In recent years, Jasper County has seen an average of 0.97 utility outages per customer each year. The average length of an outage is 151.25 minutes. However, during significant events such as heavy rain and flooding, equipment failure, or vandalism, this duration can grow considerably.
See the graphic below to see the number of current electricity customers without power in Jasper County.
Having a solar panel system, with or without a backup battery, could alleviate the strain of any future outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Jasper County.
What impacts the cost of solar panels in Jasper County, IN?
Your Energy Needs - While the upfront cost is greater, the price per watt drops with larger solar panel systems. Homeowners often find that installing a solar system that can offset their entire electric bill is advantageous, leading to optimal savings.
Make & Model - Just like other industries, the solar energy sector features a range of solar panel brands and designs. Picking an installer with certain system preferences means it's even more important crucial to go with a reputable contractor. Buyers often find that utilizing better quality materials leads to a more positive long-term experience.
Solar Panel Type - It's not surprising that monocrystalline panels are now the standard in the industry. Even with a higher cost, this technology produce more energy. The majority of installers choose panels crafted using this material.
Your Property - Elements such as trees, uneven landscapes, or other hindrances might complicate the installation process. Nowadays, solar installers commonly leverage satellite images to assess your home and factor in these factors into the preliminary cost estimate.
Labor Rates - The costs related to the different wages offered by companies to their employees are borne by the consumers. Businesses that pay higher wages often get higher reviews for their services and customer service.
Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will impact your installation cost. Good local installers will build these figures into your preliminary estimates to prevent any surprises.
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Jasper County, IN Solar Panel Cost FAQs
In November, 2024, the average cost of solar panels per watt in Jasper County, IN is $4.02/W. The approximate cost of a 5 kW solar panel system in Jasper County, IN, after deducting federal tax credits, is $14,070.
Utilities and government agencies in Indiana are currently offering 6 different rebates and incentives. Moreover, the 30% federal tax credit is accessible to nearly everyone.
Even though paying cash provides the most savings, there are now multiple financing options for solar panels that also are cost-effective. Initial quotes from installers will frequently detail information about available financing options.
Yes, in Jasper County, IN, 5 kW solar panel systems typically pay off in 7 years, and users save around $27,399.6 in electricity costs over 20 years.
Savings from 
Environmental Impacts 
