Solar Panels Cost $19k-$31k in Wabash County, IN | November, 2024
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How much do solar panels cost in Wabash County, IN in 2024?
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Solar systems in Wabash County, IN in the month of November, 2024 average out to $4.05 per watt.
Stemming from this rate per watt, you should expect costs to be $4,050, on average, for every 1000 watts (or 1 kW) of solar energy your system can produce. A 5 kW solar system in Wabash County is typically about $14,175 after accounting for the 30% federal income tax credit. It's worth noting that a more powerful system could be needed to ensure your energy demands are met.
Use the left-hand menu to choose your area and see the typical roof size and the maximum capacity for solar panels on homes in your county. Outlined below are the 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.
Wabash County: $14,175US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Wabash 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.
Wabash County: $22,537US Average: $16,169
Solar Potential in Wabash County
Estimated system size and solar electricity production per median viable roof in Wabash County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Wabash County, IN & What that Means for Your Solar Panel Pricing
Wabash County energy consumers consume an average of1,233 kWh each month, resulting in an average electric bill of 178.28. This figure also covers data from apartments and other smaller living spaces with lower energy demand.
The average rate for electricity in Wabash County, IN in November, 2024 is 14.46¢ per kWh.
After incentives, an 11 kW solar panel system costs around $31,185.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Wabash County
Visible below and to the left is the cost analysis for multiple sizes of solar panel systems in Wabash County. Although a bigger solar installation carries a greater cost, it also offers increased electricity savings and larger income tax credits.
The solar panel cost calculator to the right and below breaks down costs and benefits, considering an average $178.28 electric bill in Wabash County Swap the $178.28 with your typical electricity bill for custom results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
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 $121
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.26 tons a year
Equivalent to planting 288 trees a year
Equivalent to driving 15,497 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$22,680
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 7.16 tons a year
Equivalent to planting 329 trees a year
Equivalent to driving 17,710 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,864 a year
Est. Price
$25,515
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $155
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 8.05 tons a year
Equivalent to planting 370 trees a year
Equivalent to driving 19,924 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,071 a year
Est. Price
$28,350
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $173
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 8.94 tons a year
Equivalent to planting 411 trees a year
Equivalent to driving 22,138 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,278 a year
Est. Price
$31,185
Savings from a 11kWthis system
Est. yearly production 16,269 kWh
Est. monthly savings $178
Full payback in 15 years
Environmental Impacts
Reduces CO2 emissions by 9.23 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,837 mi less a year
Wabash 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.
When it comes to residential solar, almost all people can take advantage of the 30% federal income tax credit, which makes solar a viable option in most regions of the nation. In addition, various regional and state incentives are in place to boost solar energy adoption.
Indiana features 6 solar rebate and incentive initiatives offered by multiple utilities and government 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 Wabash County, IN?
If you plan to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Wabash County is an smart decision. Having a 5 kW solar system in Wabash County, IN can potentially save you roughly $28,612.2 over a span of 20 years, with an average break even point of 7 years.
The cost of not having solar panels in Wabash County, IN
In addition to forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. Complete reliance on your utility provider isn't always the best idea, as recent examples in the news have shown.
Recently, Wabash County has seen an average of 1.08 utility outages per customer each year. On average, an outage lasts 144.93 minutes. When major events such as high winds, planned maintenance, or grid management errors occur, these durations can increase significantly
Take a look at the component below to see the number of current electricity customers without power in Wabash County.
A solar energy system, whether it includes a backup battery or not, could help relieve the burden of future power outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Wabash County.
What impacts the cost of solar panels in Wabash County, IN?
Your Energy Needs - While larger solar panel systems involve a greater upfront expense, the average price per watt drops as the system size grows. It is often useful for consumers to set up a solar system that can generate enough electricity to offset their electric bill, which ensures significant savings.
Make & Model - Solar panels come in a wide variety of makes and models. The contractor’s preference for system makes it important to select a highly rated company. Better quality makes and models often lead to a more favorable long-term experience for buyers.
Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Even with a higher cost, this technology yield more energy. The majority of installers choose panels constructed using this material.
Your Property - No two homes or properties are the same. Elements like trees, irregular terrain, or other challenges might complicate the installation process. Solar installers nowadays commonly use satellite imagery to evaluate your home and factor in these elements into the preliminary cost estimate.
Labor Rates - The costs related to the varying wages given by companies to their employees are transferred to the consumers. Higher wages typically lead to businesses getting better reviews for their services and customer service.
Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Quality local installers will include these figures in your initial estimates to guarantee transparency.
See what solar panels cost in other Wabash County cities
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Wabash County, IN Solar Panel Cost FAQs
In November, 2024, the average cost of solar panels per watt in Wabash County, IN is $4.05/W. The cost of installing a 5 kW solar panel system in Wabash County, IN is about $14,175post federal tax credit.
At present, there are 6 rebates and incentives available to Indiana residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.
Even though paying cash offers the most savings, there are now multiple financing options for solar panels that also make financial sense. Installers often have financing partners and will include this information in your initial quotes.
Yes, in Wabash County, IN, 5 kW solar panel systems usually pay off in 7 years, providing an average electricity cost savings of $28,612.2 over a 20-year period.
Savings from 
Environmental Impacts 
