Does Indiana have a solar investment tax credit?

Indiana residents are incentivized by both the state and federal governments to convert to solar energy via solar incentives. One of the most significant incentives is the federal solar investment tax credit, also called the ITC.

Will Indiana become more solar-friendly?

Still, the specific policy isn’t usually a make-or-break factor for going solar. The solar industry is well-established in Indiana and throughout the country, but it’s still relatively young and is expanding and improving. As such, some states will likely become more solar-friendly as adoption increases.

How can I reduce my solar cost in Indiana?

As an Indiana homeowner, the federal solar tax credit, formerly known as the ITC, is the most impactful way to reduce your solar costs. The Residential Clean Energy Credit, formerly known as the federal investment tax credit (ITC), can reduce your solar panel system's cost by 30%.

What solar incentives are available in Indiana?

There are some additional solar incentives available in Indiana, which are listed below: Net Metering: Net metering is mandated throughout Indiana, which means all solar owners can reduce their energy bills with overproduced power from their solar panels.

Do solar panels work in Indiana?

Solar panels require sunlight to produce energy, which means homes that are hit with abundant and direct sunlight will benefit more from installing a solar energy system. Indiana receives an average of 187 sunny days per year, which is a bit below the national average of 205 days.

How much does a solar system cost in Indiana?

Indiana homeowners need similarly sized systems to most US homeowners, typically requiring a 9.5-kW system. That brings the total upfront price to $34,770 before the federal tax credit or $24,339 after the credit. While this is expensive, most solar panel systems in Indiana pay for themselves because energy usage is relatively high.