Solar Panels Cost 14k-25k in Jeffersonville, IN | October, 2024

Solar Panels Cost $14k-$25k in Jeffersonville, IN | October, 2024

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

In Jeffersonville, IN, the price per watt for solar panel installations is around $4.07 per watt in October, 2024.

Put another way, solar panels will cost you $4,070 per 1 kW (or 1000 watts) of generation capacity. After subtracting the 30% federal tax credit, a 5 kW panel install in Jeffersonville typically costs $14,245. Subject to your energy usage, you might require a larger system.

To the left,choose your area to see the average roof size and the average maximum capacity of residential solar for homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Jeffersonville: $14,245US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Jeffersonville: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Jeffersonville: $11,203US Average: $15,784

Solar Potential in Jeffersonville

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 14.3kkWh AC per yr.

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

With an average monthly usage of 1,004 kWh, Jeffersonville citizens see electric bills around $131.47 each month. This number also encompasses data from apartments and other smaller homes, which typically require lower energy requirements.

The electricity rate per kWh in Jeffersonville, IN for October 2024 is 13.1¢.

In Jeffersonville, average users need a system size of 9 kW or greater to fully account for all of their power demands. Currently, a 9 kW solar system will initially set you back around $36,630, but the 30% tax credit lowers the cost to $25,642.

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Average solar panel costs by system size in Jeffersonville

Displayed below and to the left, you can find a thorough pricing structure for various solar panel system sizes set up in Jeffersonville. When you select a bigger solar system, the cost is higher, but it also results in higher electricity savings and a more substantial income tax credit.

Using the solar panel cost calculator situated down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $131.47 in Jeffersonville. Modify the $131.47 to your usual electricity bill payment for results that are tailored to you.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $961 a year
Est. Price
$14,245
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $80
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.59 tons a year
  • Equivalent to planting 257 trees a year
  • Equivalent to driving 13,840 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,154 a year
Est. Price
$17,094
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $96
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 6.71 tons a year
  • Equivalent to planting 308 trees a year
  • Equivalent to driving 16,608 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,346 a year
Est. Price
$19,943
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $112
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 7.83 tons a year
  • Equivalent to planting 360 trees a year
  • Equivalent to driving 19,376 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,538 a year
Est. Price
$22,792
Savings from a 8kWthis system
  • Est. yearly production 11,832 kWh
  • Est. monthly savings $128
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 8.95 tons a year
  • Equivalent to planting 411 trees a year
  • Equivalent to driving 22,144 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,730 a year
Est. Price
$25,641
Savings from a 9kWthis system
  • Est. yearly production 13,311 kWh
  • Est. monthly savings $131
  • Full payback in 16 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

Jeffersonville Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farms might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Wondering if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

The federal government offers a 30% tax credit for residential solar systems, which makes solar appealing and sensible for a wide range of homeowners. There are also a range of state and local programs aimed at enhancing solar energy use.

Several utilities and government bodies in Indiana currently offer 4 solar rebates and incentives.

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?

When you intend to live in your home beyond the payback period of your solar system, solar panels are an clear choice in Jeffersonville. A 5 kW solar system in Jeffersonville, IN might save you an average of $17,307.8 over 20 years, with the break even point usually being 9 years.

The cost of not having solar panels in Jeffersonville, IN

Beyond missing out on the savings, the absence of solar panels or another backup energy source leads to full dependence on your electric utility for your power needs. Recent news coverage has revealed that total dependence on your utility company isn't always the most favorable scenario.

On average, customers in Jeffersonville have experienced 0.95 utility outages per year in recent times. The average duration of each outage is 120.14 minutes. During severe events like vandalism, overloaded power grids or wildfires, these times can grow significantly longer.

A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.

Power Outages

Currently, 0 customers are being tracked in Clark County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even if the initial expense is higher, the price per watt drops with larger solar panel systems. Many consumers realize it's a good idea to set up a solar system that can generate enough power to offset their electric bill, because it helps them save more money.

Make & Model - Solar panels come in a range of makes and models. Because the installer might have specific brand preferences, it's essential to select a recommended installer. The selection of superior models can greatly enhance the long-term experience for buyers.

Solar Panel Type - For numerous good reasons, monocrystalline panels are now the standard in the industry. Even with a higher cost, this technology generate more energy. The majority of installers choose panels made using this material.

Your Property - Each property and home is one of a kind. Sloped land, trees, or other barriers can increase the difficulty of installing solar panels. These days, solar installers frequently utilize satellite images to evaluate your home and incorporate these considerations into the first cost estimate.

Labor Rates - The wages employees are paid from their employers are different, and these expenses are transferred to the consumers. It is frequent for companies that provide higher wages to receive better reviews for their work and customer service.

Permitting & Interconnection - Installation costs will be influenced by varying local permitting and utility interconnection fees, depending on the region. Reliable local installers will incorporate these figures into your first estimates to eliminate any surprises.

See what solar panels cost in other IN cities

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Who are the best solar installers in Jeffersonville?

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.

Jeffersonville, IN Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Jeffersonville, IN as of October, 2024 is $4.07/W. A 5 kW solar panel system will cost you around $14,245 in Jeffersonville, IN after the federal tax credit is applied.

  • Right now, Indiana has 4 rebates and incentives available through a variety of utility companies and government entities. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Although paying in cash provides the most savings, several financing options for solar panels now exist that are cost-effective. Initial quotes from installers will frequently detail information about available financing options.

  • Yes, homeowners in Jeffersonville, IN generally see a payback time of 9 years for 5 kW solar panel systems, with electricity savings averaging $17,307.8 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01