Indiana's electricity prices average $0.12/kWh, below the national average of $0.14/kWh and roughly the same as the year prior.
The average cost of a 5kW (equivalent to saving almost 100 trees a year) solar power system starts around $11,000 in Indiana. That system would pay for itself through energy savings within 5.5-7 years. System life can span well over 25 years, and savings will improve with inflation.
According to the Indiana Office of Utility Consumer Counselor (OUCC), Indianapolis International Airport now boasts the largest airport-based solar farm in North America. In partnership with Duke Energy, OUCC has received IURC approval of purchased power agreements with solar facilities in Clay, Sullivan, Howard, and Vigo counties.
In 2017 Indiana passed Senate Bill 309, which will gradually step down the net metering rate for new system owners from the retail to the wholesale rate. Basically if you're thinking about going solar in Indiana, time is of the essence. Since Indiana is one of just seven states with a renewable portfolio standard (RPS) that is voluntary, it's fair to expect a low chance of solar incentives improving in the state in the near future.
Data from DSIRE. For more info visit: https://www.dsireusa.org/
|Name||Implementing Sector||Program Type||Administrator||DSIRE ID|
|Energy Education and Demonstration Grant Program||State||Grant Program||Indiana Office of Energy Development||55|
|DSM Programs Incorporating Renewables||State||Other Policy||278|
|Net Metering||State||Net Metering||342|
|Energy Efficient State Building Initiative||State||Energy Standards for Public Buildings||3045|
|Income Tax Deduction for Solar-Powered Roof Vents or Fans||State||Personal Tax Deduction||Department of Revenue||3974|
|Sales and Use Tax Exemption for Electrical Generating Equipment||State||Sales Tax Incentive||Indiana Department of Revenue||5106|
|Indianapolis Power & Light - Builder Energy Efficiency Rebate Program||Utility||Rebate Program||Indianapolis Power & Light||5232|
|Community Conservation Challenge||State||Grant Program||Indiana Office of Energy Development||5318|
|NIPSCO Custom Commercial and Industrial Gas and Electric Incentive Program||Utility||Rebate Program||Lockheed Martin||5326|
|NIPSCO - Feed-In Tariff||Utility||Feed-in Tariff||5672|
|NIPSCO (Gas & Electric) Small Business Direct Install Program||Utility||Grant Program||5726|
|NIPSCO (Gas & Electric) - Commercial & Industrial Energy Efficiency Program||Utility||Rebate Program||5727|
|LaGrange County REMC - Business Energy Efficiency Rebate Program||Utility||Rebate Program||5731|
|LaGrange County REMC - Business New Construction Energy Efficiency Rebate Program||Utility||Rebate Program||5732|
|Income Tax Deduction for the Installation of Building Insulation||State||Personal Tax Deduction||5844|
|Vectren Energy - Online Energy Audit||Utility||Energy Analysis||Vectren Energy||15110|
|Indianapolis Power & Light - PowerView||Other||Energy Analysis||Indianapolis Power & Light||17129|
|Indiana Manufacturers Association - Energy Consulting and Educational Services||Other||Energy Analysis||Indiana Manufacturers Association||17132|
|Indiana Small Business Development Center - Market Research||Other||Energy Analysis||Indiana Small Business Development Center||17133|
|South Central Indiana REMC - Efficiency||Utility||Energy Analysis||South Central Indiana REMC||18809|
|Crawfordsville Electric Light & Power - Energy Depot for Businesses||Other||Energy Analysis||Crawfordsville Electric Light & Power||19587|
|Richmond Power & Light - Infrared Imaging/Ultrasonic Detection||Other||Energy Analysis||Richmond Power & Light||20097|
|Seventhwave (formerly Energy Center of Wisconsin) - Energy Consulting||Non-Profit||Energy Analysis||Seventhwave (formerly Energy Center of Wisconsin)||21564|
|Seventhwave (formerly Energy Center of Wisconsin) - Back of the Envelope Calculator||Non-Profit||Energy Analysis||Seventhwave (formerly Energy Center of Wisconsin)||21565|
|Midwest Energy Efficiency Alliance - Midwest Industrial Initiative||Non-Profit||Energy Analysis||Midwest Energy Efficiency Alliance||21626|
|Midwest Energy Efficiency Alliance - Building Operator Certification||Non-Profit||Training and Information||Midwest Energy Efficiency Alliance (MEEA)||21642|
|South Central Indiana REMC - Free Energy Audit Program||State||Energy Analysis||22030|