Solar Panels Cost $17k-$28k in Switzerland County, IN | November, 2024
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How much do solar panels cost in Switzerland County, IN in 2024?
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To get a solar system costs approximately $4.12 per watt in Switzerland County, IN in November, 2024.
Based on this cost per watt, you are able to come to the conclusion that for every 1 kW (1000 watts) your system can produce you will have to spend $4,120 to have your panels installed. After applying the 30% federal tax credit, a 5 kW solar panel install in Switzerland County generally costs $14,420. Your electricity consumption levels may need a larger system.
On the left-hand side, pick your county to determine the average roof size and the average maximum capacity for solar panels on homes within your area. Find below a full analysis of the {price|costs, 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.
Switzerland County: $14,420US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Switzerland 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.
Switzerland County: $24,827US Average: $16,169
Solar Potential in Switzerland County
Estimated system size and solar electricity production per median viable roof in Switzerland County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Switzerland County, IN & What that Means for Your Solar Panel Pricing
For Switzerland County households, the average monthly kWh usage is 1,204, with an typical electric bill of 189.28. Please note that this number covers data from apartments and other compact residences with lower energy needs.
The rate of electricity in Switzerland County, IN, averaging, is 15.72¢ per kWh for November 2024.
You'll spend $28,840 on a 10 kW setup after including the 30% federal income tax credit in your calculations.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Switzerland County
On the left, you will find a breakdown of prices for various solar panel system sizes installed in Switzerland County. The bigger the solar array, the larger the initial expense, but also the greater electricity savings and income tax credits you'll receive.
In the solar panel cost calculator found below and to the right, you can examine a cost and benefit breakdown to match an average $189.28 electric bill in Switzerland County. To get tailored results, just adjust the $189.28to reflect your usual electricity bill amount.
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 $1,420 a year
Est. Price
$17,304
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $118
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 0 tons a year
Equivalent to planting 0 trees a year
Equivalent to driving 0 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$20,188
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $138
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 0 tons a year
Equivalent to planting 0 trees a year
Equivalent to driving 0 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$23,072
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $158
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 0 tons a year
Equivalent to planting 0 trees a year
Equivalent to driving 0 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,130 a year
Est. Price
$25,956
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $177
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 0 tons a year
Equivalent to planting 0 trees a year
Equivalent to driving 0 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,366 a year
Est. Price
$28,840
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $189
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 0 tons a year
Equivalent to planting 0 trees a year
Equivalent to driving 0 mi less a year
Switzerland County Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant is designed to assist rural agricultural enterprises and small businesses by covering 80% to 100% of the costs associated with solar or wind turbine installations. If you think you might be in this category, we suggest verifying your qualification with our REAP Grant eligibility tool.
For residential solar installations, the majority of homeowners are eligible for a 30% federal income tax credit, which makes solar energy a feasible choice in many parts of the country. State and local governments offer various programs to promote the switch to solar energy.
Residents of Indiana can access 6 solar rebate and incentive initiatives from a variety of utilities and governmental 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 Switzerland County, IN?
If you're intending to stay in your home past the period required to pay back your solar investment, opting for solar panels is a good decision in Switzerland County. In Switzerland County, IN, a 5 kW solar system installation might save you $31,007.2 on average over 20 years, with a standard break even point of 6 years.
The cost of not having solar panels in Switzerland County, IN
In addition to missing out on the aforementioned savings, not having solar panels or a separate backup energy source results in complete dependence on your electric utility for electricity. Recent news coverage has demonstrated that complete reliance on your utility company is not always ideal.
In recent times, the average number of utility outages per customer annually in Switzerland County has been about 1.23. On average, the length of an outage is 176.85 minutes. Major events like heavy rain and flooding, wildlife damage, or aging infrastructure can cause these durations to rise considerably.
Take a look at the component below to see the number of current electricity customers without power in Switzerland County.
A solar energy system, regardless of a backup battery, could lessen the effects of any future power interruptions you might encounter.
Power Outages
Currently, 0 customers are being tracked in Switzerland County.
What impacts the cost of solar panels in Switzerland County, IN?
Your Energy Needs - While the upfront cost is higher, the price per watt drops with larger solar panel systems. Individuals often realize that installing a solar system to fully cover their electric bill is a beneficial decision, resulting in the most savings.
Make & Model - Just like many products, solar panels are offered in a variety of makes and models. The system preferences of your chosen installer can make it essential to choose a highly rated company. Selecting superior quality materials generally provides a more favorable long-term experience for the buyer.
Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is more, they yield more energy. Most installers use these types of panels.
Your Property - Each property and home presents unique challenges. Sloping terrain, trees, or other impediments may complicate the installation process. By using satellite images, solar installers these days can evaluate your home and incorporate these elements into the first cost estimate.
Labor Rates - The costs associated with the different wages given by companies to their employees are borne by the consumers. Companies paying more to their employees typically get higher reviews for their work and customer service.
Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Quality local installers will integrate these numbers into your preliminary quotes to prevent any surprises.
See what solar panels cost in other Switzerland County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Switzerland County?
Solar systems for selling electricity back to the grid.
Expertise in consulting on advantageous financing for solar.
Consulting on all things solar related.
Switzerland County, IN Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Switzerland County, IN is $4.12/W. In Switzerland County, IN, installing a 5 kW solar panel system will set you back approximately $14,420 after federal tax incentives.
Various utility providers and government organizations in Indiana are offering 6 rebates and incentives at this time. In addition, the 30% federal income tax credit is available to almost everyone.
Cash payments result in the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Financing options are frequently available through installers and will be included in your initial quotes.
Yes, on average, 5 kW solar panels in Switzerland County, IN pay for themselves in 6 years, with homeowners saving approximately $31,007.2 on electricity over 20 years.
Savings from 
Environmental Impacts 
