Solar Panels Cost $12k-$23k in Johnson County, IN | November, 2024
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How much do solar panels cost in Johnson County, IN in 2024?
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Going solar is $3.69 per watt in November, 2024 in Johnson County, IN.
Each 1 kW (1000 watts) of solar power capacounty will require an investment of $3,690 for installation. In Johnson County, the price of a 5 kW solar installation is typically $12,915, after you subtract 30% federal tax credit. A higher capacity system may be needed to adequately cover your energy needs.
To the left,choose your area to view the typical roof size and the average maximum capacity of solar panels for homes in your county. Shown below is a summary 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.
Johnson County: $12,915US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Johnson 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.
Johnson County: $18,424US Average: $16,169
Solar Potential in Johnson County
Estimated system size and solar electricity production per median viable roof in Johnson County.
Roof size 840sq. ft.
Capacity 11.75kW DC
Electricity 13.8kkWh AC per yr.
Electricity Costs in Johnson County, IN & What that Means for Your Solar Panel Pricing
In Johnson County, energy consumers usually spend 153.64 on their electric bill each month, consuming 1,105 kWh on average. This data account for apartments and other smaller living spaces with reduced energy consumption.
The rate of electricity in Johnson County, IN, on average, is 13.9¢ per kWh in November 2024.
The upfront cost for a 9 kW solar installation amounts to $33,210, but after a 30% tax credit, your total comes down to $23,247.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Johnson County
Displayed on the left and below is the pricing structure for various sizes of solar panel systems installed in Johnson County. The investment for a bigger solar panel setup is greater, but it also yields greater electricity savings and more substantial income tax credits.
The solar panel cost calculator, situated down and to the right, offers a breakdown of costs and benefits using an average $153.64 electric bill for Johnson County. Easily replace the $153.64 with your usual electricity bill amount to see more accurate results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,035 a year
Est. Price
$12,915
Savings from a 5kWthis system
Est. yearly production 7,395 kWh
Est. monthly savings $86
Full payback in 7 years
Environmental Impacts
Reduces CO2 emissions by 5.17 tons a year
Equivalent to planting 237 trees a year
Equivalent to driving 12,796 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,242 a year
Est. Price
$15,498
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $104
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 6.2 tons a year
Equivalent to planting 285 trees a year
Equivalent to driving 15,355 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,449 a year
Est. Price
$18,081
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $121
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 7.24 tons a year
Equivalent to planting 332 trees a year
Equivalent to driving 17,914 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$20,664
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $138
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 8.27 tons a year
Equivalent to planting 380 trees a year
Equivalent to driving 20,473 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,864 a year
Est. Price
$23,247
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $154
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 9.23 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,840 mi less a year
Johnson County Solar Panel Installation Incentives & Rebates | 2024
If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.
Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which renders switching to solar energy a practical choice in many regions of the U.S. Furthermore, numerous state and local programs aim to promote further adoption of solar energy.
There are 6 solar incentive and rebate initiatives in Indiana, provided by various utilities and governmental 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 Johnson County, IN?
For homeowners in Johnson County who intend to stay in their residence beyond the solar payback period, solar panels make an good investment. If you install a 5 kW solar system in Johnson County, IN, you might save $23,958.6 over 20 years on average, with a break even point at roughly 7 years.
The cost of not having solar panels in Johnson County, IN
In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Several recent news reports have illustrated that total reliance on your utility is not always ideal.
Lately, the average number of utility outages per customer annually in Johnson County has been about 1.1. Outages generally last for an average of 113.14 minutes. During major occurrences like aging infrastructure, thunderstorms or vandalism, these times can extend significantly.
See the info below to see the number of current electricity customers without power in Johnson County.
Even if it is without a backup battery, a solar panel system can reduce the stress of possible future outages.
Power Outages
Currently, 0 customers are being tracked in Johnson County.
What impacts the cost of solar panels in Johnson County, IN?
Your Energy Needs - The upfront cost for larger solar panel systems is higher, but the cost per watt reduces as the system size expands. A lot of people find it useful to install a solar energy system that can replace their entire electric bill. This ensures optimal savings.
Make & Model - Similar to other industries, the solar energy sector includes a range of solar panel brands and designs. The system preferences of your chosen installer can make it important to pick a highly rated company. The use of high-quality models can greatly better the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and for valid reasons. They are associated with a higher price, but they produce more energy. Most solar panel installers opt for this type of material.
Your Property - Every property and home is distinct. Sloping terrain, trees, or other barriers can make the installation more difficult. Currently, many solar installers are able to utilize satellite images to evaluate your home and incorporate these aspects for the first cost estimate.
Labor Rates - The wages that companies give their employees vary, and these expenses are eventually passed on in consumer prices. Businesses typically receive higher reviews for their work and customer service when they pay higher wages.
Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.
See what solar panels cost in other Johnson County cities
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Johnson County, IN Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Johnson County, IN is $3.69/W. For a 5 kW solar panel system, the total cost in Johnson County, IN after federal tax credits is around $12,915.
Various utility providers and government organizations in Indiana are offering 6 rebates and incentives at this time. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Opting to pay in cash provides the highest savings, but there are now numerous financing options for solar panels that make financial sense. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, in Johnson County, IN, the average payback period for 5 kW solar panels is 7 years, resulting in average electricity savings of $23,958.6 over 20 years.
Savings from 
Environmental Impacts 
