Solar Panels Cost 11k-23k in Jasper, IN | October, 2024

Solar Panels Cost $11k-$23k in Jasper, IN | October, 2024

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How much do solar panels cost in Jasper, IN in 2024?

During October, 2024, the average cost for going solar in Jasper, IN was $4.15/W.

This means that, solar panels will cost you about $4,150 per 1 kW (or 1000 watts) of production capacity. After subtracting the 30% federal tax credit, a 5 kW system in Jasper typically costs $14,525. To ensure your energy requirements are met, you may need a larger system.

On the left-hand side, you can select your county to see the typical roof size and the maximum capacity for solar panels in residences in your area. Below is a breakdown 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: $14,525US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Jasper: 12 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: $3,353US Average: $15,784

Solar Potential in Jasper

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

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

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

The typical kWh usage for a Jasper resident is 940 monthly, with an average electric bill of $100.43. Consider that this statistic includes smaller residences including apartments, known for lower energy use.

Jasper, IN's electricity rate is 10.68¢ per kWh in October 2024.

An average energy consumer in Jasper must have a solar power system of at least 8 kW to account for their entire energy needs. Upfront, an 8 kWsolar installation will cost about $33,200, with the 30% tax credit, the price drops to $23,240.

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Average solar panel costs by system size in Jasper

Displayed on the left side, is a comprehensive cost summary of the different sizes of solar panel systems set up in Jasper. A larger solar array will expectedly cost more, but it will also yield more significant electricity savings and increased income tax credits.

The calculator down and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $100.43 in Jasper. If you prefer more tailored results, just modify the $100.43 to what your average electricity bill is.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $651 a year
Est. Price
$11,620
Savings from a 4kWthis system
  • Est. yearly production 5,916 kWh
  • Est. monthly savings $54
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.96 tons a year
  • Equivalent to planting 228 trees a year
  • Equivalent to driving 12,273 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $813 a year
Est. Price
$14,525
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $68
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 6.2 tons a year
  • Equivalent to planting 285 trees a year
  • Equivalent to driving 15,341 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $976 a year
Est. Price
$17,430
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $81
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 7.44 tons a year
  • Equivalent to planting 342 trees a year
  • Equivalent to driving 18,409 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,139 a year
Est. Price
$20,335
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $95
  • Full payback in 17 years
Environmental Impacts
  • Reduces CO2 emissions by 8.68 tons a year
  • Equivalent to planting 399 trees a year
  • Equivalent to driving 21,477 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,302 a year
Est. Price
$23,240
Savings from a 8kWthis system
  • Est. yearly production 11,832 kWh
  • Est. monthly savings $100
  • Full payback in 19 years
Environmental Impacts
  • Reduces CO2 emissions by 9.14 tons a year
  • Equivalent to planting 420 trees a year
  • Equivalent to driving 22,631 mi less a year

Jasper Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. Curious if you are eligible? Our REAP Grant eligibility tool can help you find out.

For those looking into residential solar, the 30% federal income tax credit is available to almost all homeowners, which makes solar a sensible option in various states. Apart from the federal incentives, state and local programs also aim to boost solar energy uptake.

In Indiana, different utilities and government bodies offer 4 solar rebate and incentive initiatives.

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.

Are solar panels worth it in Indiana?

If you plan to live in your home beyond the payback period of your solar system, solar panels are an clear choice in Jasper. A 5 kW solar system in Jasper, IN could potentially save you $9,578.2 over the course of 20 years, with the break even point usually at 12 years.

The cost of not having solar panels in Jasper, IN

Without solar panels or another energy backup source, you miss out on the savings discussed earlier and are completely dependent on your electric utility for power. As illustrated in numerous recent news reports, total dependence on your utility is not always ideal.

Each year, utility customers in Dubois County have faced an average of 1.55 outages per year. On average, an outage lasts 169.03 minutes. Major events such as planned maintenance, overloaded power grids or hurricanes can significantly extend these time frames.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Dubois County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Jasper, IN?

Your Energy Needs - Larger solar panel systems have a higher initial cost, yet the average cost per watt falls as the system size expands. It is often beneficial for homeowners to install a solar system that can generate enough electricity to completely replace their electric bill, which results in significant savings.

Make & Model - There are a range of makes and models of solar panels. Considering the brand preferences that your installer may have, it's essential to choose a reputable contractor. Selecting better quality materials usually provides a more positive long-term experience for the buyer.

Solar Panel Type - For several valid reasons, monocrystalline panels are now the industry standard. Despite the higher price tag, these panels provide greater energy output. Many installation experts use panels constructed from this material.

Your Property - Factors such as trees, uneven landscapes, or additional hurdles may cause the installation to be more difficult. These days, the majority of solar installers can leverage satellite imagery to assess your home and factor in these aspects into the first cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Businesses paying more to their employees often receive higher reviews for their services and customer service.

Permitting & Interconnection - Depending on the area, local permitting and utility interconnection fees will impact the cost of your installation. Experienced local installers will include these figures in your initial estimates to guarantee transparency.

See what solar panels cost in other IN cities

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Who are the best solar installers in Jasper?

YellowLite

Cleveland, OH(877) 743-8757

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Icon Solar

Milford, OH(513) 396-7777

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Jasper, IN Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Jasper, IN is $4.15/W. Post federal tax credit, a 5 kW solar panel system installation in Jasper, IN will roughly cost $14,525.

  • Currently, Indiana residents can benefit from 4 rebates and incentives available through various utilities and government bodies. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Paying cash will lead to the most savings, but currently there are multiple options for financing solar panels that make great money sense as well. Installers frequently offer financing options and will include them in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in Jasper, IN averages 12 years, with electricity savings of about $9,578.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01