Solar Panels Cost 8.5k-19k in Tell City, IN | October, 2024

Solar Panels Cost $8.5k-$19k in Tell City, IN | October, 2024

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How much do solar panels cost in Tell City, IN in 2024?

On average, in Tell City, IN in the month of October, 2024, the cost per watt for going solar is $4.05/W.

Stemming from this rate, we can conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $4,050 for installation. A 5 kW solar panel install in Tell City averages approximately $14,175 after accounting for the 30% federal income tax credit. Remember, a more extensive system may be needed to fully meet your energy demands effectively.

By selecting your county on the left, you can find out the typical roof size and the maximum capacity for residential solar on homes in your area. The following summary, below, highlights 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.
Tell City: $14,175US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Tell City: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Tell City: $7,669US Average: $15,784

Solar Potential in Tell City

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

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

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

On average, the electric bill for a Tell City resident is $116.33, and they use 808 kWh each month. Apartments and compact residences with reduced energy consumption are included in this statistic.

Tell City, IN's electricity rate is 14.39¢ per kWh in October 2024.

Typical electricity users in Tell City may require a solar power system of 7 kW or larger to meet their entire electricity consumption needs. Installing a a 7 kW solar panel installation will cost around $28,350 before applying incentives, but with the federal income tax credit, you can get 30% back, bringing the total to $19,845.

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Average solar panel costs by system size in Tell City

Presented on the left, you will find a price breakdown for various solar panel system sizes installed in Tell City. A larger solar array will naturally cost more, but it will also provide higher electricity savings and higher income tax credits.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $116.33 in Tell City. Swap the $116.33 with your average electricity bill for custom results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $621 a year
Est. Price
$8,505
Savings from a 3kWthis system
  • Est. yearly production 4,437 kWh
  • Est. monthly savings $52
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 4.08 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,099 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $828 a year
Est. Price
$11,340
Savings from a 4kWthis system
  • Est. yearly production 5,916 kWh
  • Est. monthly savings $69
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 5.44 tons a year
  • Equivalent to planting 250 trees a year
  • Equivalent to driving 13,465 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,035 a year
Est. Price
$14,175
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $86
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 6.8 tons a year
  • Equivalent to planting 312 trees a year
  • Equivalent to driving 16,832 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,242 a year
Est. Price
$17,010
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $104
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 8.16 tons a year
  • Equivalent to planting 375 trees a year
  • Equivalent to driving 20,198 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,449 a year
Est. Price
$19,845
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $116
  • Full payback in 14 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

Tell City Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a practical solution in numerous parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

A variety of utilities and governmental bodies in Indiana provide 4 solar rebate and incentive programs.

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?

For those expecting to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in Tell City. If you install a 5 kW solar system in Tell City, IN, you might save $13,744.2 over 20 years on average, with a break even point at approximately 10 years.

The cost of not having solar panels in Tell City, IN

The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. As recent examples in the news have shown, total dependence on your utility provider is not always ideal.

The utilities in Tell City have averaged about 1.53 outages per customer per year recently. The average length of an outage is 167.9 minutes. However, during significant events such as high winds, grid management errors, or planned maintenance, this duration can grow considerably.

A solar energy system, with or without a backup battery, could help reduce the effects of any future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Perry County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Tell City, IN?

Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Consumers often find that setting up a solar system that can fully cover their electric bill is extremely useful. This method leads to greater savings.

Make & Model - There are a variety of makes and models of solar panels. Because the installer you select might have specific brand preferences, choosing a reputable installer is especially important. For consumers wanting a superior long-term experience, opting for better quality models is important.

Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for valid reasons. Although the cost is higher, they provide more energy. The majority of installers use these panels.

Your Property - Every home and property differs in its own way. Challenges like sloped land, trees, or other hindrances can increase the difficulty of installing solar panels. Many solar installers now are able to leverage satellite imagery to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Companies that invest in higher wages usually see higher reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which vary by area. Good local installers will build these figures into your preliminary 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 Tell City?

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.

Tell City, IN Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Tell City, IN is $4.05/W. A 5 kW solar panel system will cost you around $14,175 in Tell City, IN after the federal tax credit is applied.

  • There are 4 rebates and incentives available in Indiana from a range of utility providers and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Many installers work with financing partners and will include this information in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Tell City, IN is 10 years, with expected savings of $13,744.2 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01