Solar Panels Cost $11k-$22k in Marshall County, IN | August, 2025
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How much do solar panels cost in Marshall County, IN in 2025?
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To go solar is around $4.06 per watt in Marshall County, IN in August, 2025.
It will cost $4,060, on average, per 1000 watts (1 kW) your panels can produce. A 5 kW system in Marshall County averages approximately $14,210 after accounting for the 30% federal income tax credit. A 5kW system may not be big enough to fully meet your energy needs.
On the left, you can choose your county to find the typical roof size and the maximum capacity for solar panels on houses in your area. Below, you can see a summary of the price, payback period and 20 year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Marshall County: $14,210US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Marshall County: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Marshall County: $24,412US Average: $17,429
Solar Potential in Marshall County
Estimated system size and solar electricity production per median viable roof in Marshall County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Marshall County, IN & What that Means for Your Solar Panel Pricing
In Marshall County, the average electric bill is 186.30 per month, and residents use 952 kWh. Smaller houses, such as condos and duplexes, are also encompassed in the figures mentioned in the previous sentence.
As of August 2025, the mean rate for electricity per kWh in Marshall County, IN amounts to 19.56¢.
At this time, an 8 kW solar system is priced at $32,480, but with a 30% tax credit, it is reduced to $22,736
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Marshall County
Displayed on the left and below is the pricing structure for various sizes of solar panel systems installed in Marshall County. When you opt for a bigger solar system, the cost is greater, but it also yields more significant electricity savings and a more substantial income tax credit.
The solar panel calculator, positioned down and to the right, provides a detailed cost and benefit analysis based on a typical $186.30 electric bill for Marshall County. For tailored results, update the $186.30 to what your average electricity bill is.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,183 a year
Est. Price
$11,368
Savings from a 4kWthis system
Est. yearly production 5,916 kWh
Est. monthly savings $99
Full payback in 5 years
Environmental Impacts
Reduces CO2 emissions by 4.96 tons a year
Equivalent to planting 228 trees a year
Equivalent to driving 12,269 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,479 a year
Est. Price
$14,210
Savings from a 5kWthis system
Est. yearly production 7,395 kWh
Est. monthly savings $123
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 6.2 tons a year
Equivalent to planting 285 trees a year
Equivalent to driving 15,337 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$17,052
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $148
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 7.44 tons a year
Equivalent to planting 341 trees a year
Equivalent to driving 18,404 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,071 a year
Est. Price
$19,894
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $173
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 8.67 tons a year
Equivalent to planting 398 trees a year
Equivalent to driving 21,471 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $2,366 a year
Est. Price
$22,736
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $186
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 9.35 tons a year
Equivalent to planting 429 trees a year
Equivalent to driving 23,145 mi less a year
Marshall County Solar Panel Installation Incentives & Rebates | 2025
Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar energy or wind energy systems. Not sure if you are eligible? Use our REAP Grant eligibility tool to verify.
For those considering residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar power a smart investment in numerous parts of the country. A variety of regional and state programs are in place to support solar energy adoption.
A total of 6 solar incentive and rebate initiatives are available in Indiana from multiple utilities and government bodies.
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 Marshall County, IN?
For those looking to stay in their home past the solar system's payback period, solar panels are a smart investment in Marshall County. By installing a 5 kW solar system in Marshall County, IN, you can expect to save roughly $30,502 over 20 years, with the break even point generally being 6 years.
The cost of not having solar panels in Marshall County, IN
If you don't have solar panels or an alternate backup power source, you forgo the previously mentioned savings and your household is completely dependent on your electric utility for electricity. As shown by numerous recent news reports, total reliance on your utility isn't always the best situation.
Each year, the average number of outages per customer in Marshall County is about 1.05. Outages generally last for an average of 176.59 minutes. During major occurrences like winter storms, wildlife damage, or overloaded power grids, these times can extend significantly.
Take a look at the graphic below to see the number of current electricity customers without power in Marshall County.
A solar energy system, with or without a backup battery or not, can relieve the pressure of future power outages you may face.
Power Outages
Currently, 0 customers are being tracked in Marshall County.
What impacts the cost of solar panels in Marshall County, IN?
Your Energy Needs - When opting for larger solar panel systems, the overall expense is greater; however, the cost per watt decreases with an increase in system size. Homeowners often find that setting up a solar system to replace their electric bill is a good move, resulting in the most savings.
Make & Model - Solar panels and mounting equipment are offered in a wide variety of makes and models. Because the installer you choose might have particular brand preferences, selecting a recommended contractor is especially important. Opting for higher quality equipment generally ensures a more favorable long-term experience for the buyer.
Solar Panel Type - For valid reasons, monocrystalline panels have emerged as the standard in the industry. They have a higher price, but they produce more energy. Many solar panel installers choose this type of material.
Your Property - Every home and property differs in its own way. Challenges like uneven land, trees, or other challenges can increase the difficulty of installing solar panels. These days, solar installers commonly utilize satellite images to assess your home and factor in these considerations into the first cost estimate.
Labor Rates - The varied employee wages paid by companies lead to costs that consumers ultimately paying . Higher wages generally correlate with better reviews for businesses' services and customer service.
Permitting & Interconnection - Installation costs will be influenced by varying local permitting and utility interconnection fees, depending on the region. That said, experienced local installers will be able to incorporate these numbers into your initial quotes so there are no surprises.
See what solar panels cost in other Marshall County cities
Solar systems for selling electricity back to the grid.
Marshall County, IN Solar Panel Cost FAQs
In August, 2025, the average cost of solar panels per watt in Marshall County, IN is $4.06/W. A 5 kW solar panel system will cost you around $14,210 in Marshall County, IN after the federal tax credit is applied.
In Indiana, you have access to 6 rebates and incentives provided by numerous utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
While cash payments offer the most savings, there are now many financing options for solar panels that are also financially beneficial. Financing options from installers will often be detailed in your initial quotes.
Yes, homeowners in Marshall County, IN can expect 5 kW solar panels to pay off in 6 years, with an estimated $30,502 in electricity savings during a 20-year span.
Savings from 
Environmental Impacts 
