Solar Panels Cost 16k-27k in Zionsville, IN | October, 2024

Solar Panels Cost $16k-$27k in Zionsville, IN | October, 2024

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How much do solar panels cost in Zionsville, IN in 2024?

In October, 2024, the current price per watt of solar in Zionsville, IN is $3.92/W.

So, solar panel installations will cost you about $3,920 per 1 kW (or 1000 watts) of generation capacity. In Zionsville, the cost of a 5 kW panel install is typically $13,720, after the 30% federal tax credit. However, please keep in mind that a higher capacity system might be required to satisfy your energy demands.

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.
Zionsville: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Zionsville: 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.
Zionsville: $19,081US Average: $15,784

Solar Potential in Zionsville

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 13.9kkWh AC per yr.

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

The monthly electricity usage for a typical Zionsville household is 1,129 kWh, with a standard bill of $161.17. These figures include apartments and smaller residences with typically reduced energy demand.

In October 2024, Zionsville, IN's average electricity rate amounts to 14.27¢ per kWh.

For the typical energy consumer in Zionsville, a system size of 10 kW or more is necessary to satisfy their entire power usage requirements. After incentives, a 10 kW solar system will cost around $27,440.

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Average solar panel costs by system size in Zionsville

Shown on the left and below is the cost analysis for multiple sizes of solar panel systems set up in Zionsville. While a more extensive solar installation has a larger expense, it also provides higher electricity savings and larger income tax credits.

Look at the solar panel cost calculator below and to the right to see the cost and benefit details derived from an average $161.17 electric bill in Zionsville. To get personalized results, change the $161.17 to reflect your average electricity payment.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,242 a year
Est. Price
$16,464
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $104
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.88 tons a year
  • Equivalent to planting 270 trees a year
  • Equivalent to driving 14,553 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,449 a year
Est. Price
$19,208
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $121
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 6.86 tons a year
  • Equivalent to planting 315 trees a year
  • Equivalent to driving 16,978 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$21,952
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 7.84 tons a year
  • Equivalent to planting 360 trees a year
  • Equivalent to driving 19,403 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,864 a year
Est. Price
$24,696
Savings from a 9kWthis system
  • Est. yearly production 13,311 kWh
  • Est. monthly savings $155
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 8.82 tons a year
  • Equivalent to planting 405 trees a year
  • Equivalent to driving 21,829 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,071 a year
Est. Price
$27,440
Savings from a 10kWthis system
  • Est. yearly production 14,790 kWh
  • Est. monthly savings $161
  • 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

Zionsville 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 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?

If you expect to live in your home beyond the time it takes to recoup your solar investment, adding solar panels in Zionsville is an excellent decision. Installing a 5 kW solar system in Zionsville, IN will, on average, save you $24,960.8 over 20 years, and you can expect to break even in about 7 years.

The cost of not having solar panels in Zionsville, 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.

The average number of outages per customer per year for utilities in Zionsville has been 1.17 recently. The average duration of each outage is 124.33 minutes. During severe events like aging infrastructure, thunderstorms or planned maintenance, these times can grow significantly longer.

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 Boone County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Zionsville, 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 IN cities

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Who are the best solar installers in Zionsville?

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

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

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

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

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

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

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.

Zionsville, IN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Zionsville, IN has reached $3.92/W. A 5 kW solar panel system will cost you around $13,720 in Zionsville, IN after the federal tax credit is applied.

  • Homeowners in Indiana can take advantage of 4 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, homeowners in Zionsville, IN generally see a payback time of 7 years for 5 kW solar panel systems, with electricity savings averaging $24,960.8 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01