Indiana's electricity prices average $0.12/kWh, below the national average of $0.14/kWh and roughly the same as the year prior.
Cost of a Solar Install
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.
Indiana Solar Farms
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.
Indiana Solar Net Metering
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.
