Solar Panels Cost $14k-$25k in Whitley County, IN | November, 2024
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How much do solar panels cost in Whitley County, IN in 2024?
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During November, 2024, the current cost for a solar panel installation in Whitley County, IN was $4.08/W.
You should expect the cost to be $4,080, on average, for every 1 kW (or 1000 watts) of solar energy your panels can generate. You are able to come to this conclusion based on this rate price cost per watt above. When you deduct the 30% federal tax credit, a 5 kW solar panel system in Whitley County will cost you $14,280. Keep in mind that you may need a higher capacity system to adequately cover your energy consumption.
On the left side, choose your county to find the typical roof size and the maximum capacity of solar panels for homes in your area. Below, you can see an analysis 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.
Whitley County: $14,280US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Whitley County: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Whitley County: $17,345US Average: $16,169
Solar Potential in Whitley County
Estimated system size and solar electricity production per median viable roof in Whitley County.
Roof size 1,001sq. ft.
Capacity 14kW DC
Electricity 15.7kkWh AC per yr.
Electricity Costs in Whitley County, IN & What that Means for Your Solar Panel Pricing
On average, Whitley County residents use 1,052 kWh each month, and the electric bill is 157.27. Compact homes, such as micro-apartments, are also included in the statistics noted in the previous sentence.
In November 2024, the average electricity rate in Whitley County, IN is 14.95¢ per kWh.
Initially, a 9 kW solar panel installation costs around $36,720, but with a 30% federal tax credit, this drops to $25,704.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Whitley County
On the left and below, you'll find the pricing details for multiple sizes of the solar panel systems set up in Whitley County. A larger solar array will expectedly cost more, but it will also offer greater electricity savings and more substantial income tax credits.
The cost and benefit breakdown for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $157.27 in Whitley County. Replace the $157.27 with your typical electricity bill to get customized 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 $1,109 a year
Est. Price
$14,280
Savings from a 5kWthis system
Est. yearly production 7,395 kWh
Est. monthly savings $92
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 13,461 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$17,136
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $111
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.53 tons a year
Equivalent to planting 300 trees a year
Equivalent to driving 16,154 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$19,992
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 7.61 tons a year
Equivalent to planting 350 trees a year
Equivalent to driving 18,846 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$22,848
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $148
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 8.7 tons a year
Equivalent to planting 400 trees a year
Equivalent to driving 21,538 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$25,704
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $157
Full payback in 14 years
Environmental Impacts
Reduces CO2 emissions by 9.24 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,864 mi less a year
Whitley County Solar Panel Installation Incentives & Rebates | 2024
For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.
For those considering residential solar, the 30% federal income tax credit is available to nearly everyone, making solar power a good investment in numerous parts of the country. State and local efforts are also in place to further drive the growth of solar energy use.
A number of utilities and governmental agencies in Indiana provide 6 solar rebate and incentive programs.
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 Whitley County, IN?
If you plan to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Whitley County is an good decision. Having a 5 kW solar system in Whitley County, IN can potentially save you around $23,464.8 over a span of 20 years, with an average break even point of 8 years.
The cost of not having solar panels in Whitley County, IN
Forgoing solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted above and be fully dependent on your electric utility for power. Recent news stories have shown that complete dependence on your utility is not always ideal.
Customers in Whitley County have encountered around 1.04 outages per year on average. Outages generally last for an average of 124.77 minutes. During major occurrences like earthquakes, construction accidents, or grid management errors, these times can extend significantly.
Take a look at the info below to see the number of current electricity customers without power in Whitley County.
A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Whitley County.
What impacts the cost of solar panels in Whitley County, IN?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Individuals often find that installing a solar system that can replace their electric bill is highly beneficial. This strategy results in greater savings.
Make & Model - Similar to other industries, the solar energy sector features a range of solar panel and mounting equipment brands and designs. Considering the particular system preferences an contractor might have, selecting a highly rated company is critical. Superior quality makes and models generally lead to a more positive long-term experience for buyers.
Solar Panel Type - There are valid reasons why monocrystalline panels are now the industry standard. Although the cost is higher, they yield more energy. Many installers use these kinds of panels.
Your Property - No two homes or properties are the same. Elements such as trees, irregular terrain, or other challenges might complicate the installation process. Most solar installers today leverage satellite imagery to evaluate your home and include these factors into the initial cost estimate.
Labor Rates - The varied employee wages paid by companies cause costs that consumers eventually bearing . It is frequently observed that businesses with higher wages receive superior reviews for their services and customer service.
Permitting & Interconnection - Your final installation cost will be influenced by local permitting and utility interconnection fees, which change by area. Good installers will factor these costs into your first quotes to prevent unexpected expenses.
See what solar panels cost in other Whitley County cities
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Whitley County, IN Solar Panel Cost FAQs
The typical cost per watt for solar panels in Whitley County, IN as of November, 2024 is $4.08/W. The installation of a 5 kW solar panel system in Whitley County, IN will cost about $14,280 after federal tax credits.
Homeowners in Indiana can take advantage of 6 different rebates and incentives from a variety of utility companies and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.
Even though paying cash provides the most savings, there are now several financing options for solar panels that also are cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, on average, the return on investment for 5 kW solar panel systems in Whitley County, IN is achieved in 8 years, with electricity savings amounting to $23,464.8 over 20 years.
Savings from 
Environmental Impacts 
