There can be solar tax credits and incentives available at the federal, state and local levels. The calculator above will show you the value of all incentives your home is eligible for.
Indiana is set to phase out net metering, a rule that makes your utility credit you for all the power you produce but aren’t able to use onsite. This solar benefit gets cut for all people who install solar after 2022, so now is a great time to install home solar to lock in your credits. Read on to discover all your need to know about home solar policy, incentives, and savings in the Hoosier State.
Learn what solar incentives are available to Indiana homeowners
See what Indiana solar incentives you qualify for based on your utility company and city
Find out how much these incentives and/or Indiana solar tax credits will reduce your cost to go solar and add batteries
The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in Indiana
If you install your photovoltaic system before 2032, the federal tax credit is 30% of the cost of your solar panel system. This is 30% off the entire cost of the system including equipment, labor and permitting.
Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 30% = $6,000.
The federal tax credit falls to 26% at the end of 2032.
With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.
Net Metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume, and make sure you get credit for the surplus.
Current Indiana net metering standards call for surplus energy production to be applied as a credit on your next monthly bill. Credits can be carried over indefinitely, but there are no provisions forcing the utility to cut you a check if you continually run a surplus. However, the program is set to expire at the end of 2022, so it’s important to get enrolled in the program before that date arrives!
Overall the net metering incentive in Indiana is pretty good. 40% of current net metering capacity is reserved for residential use, you shouldn’t have any problems getting into the program.
Indiana does not currently offer any rebates for people who purchase solar panels for their home. Thankfully, the state does offer tax exemptions to help make solar power more attractive.
First up, you are 100% exempt from all property taxes associated with the increase in home value caused by installing a solar power system. And there is an increase. That’s going to save you a pretty nice chunk of change every year.
You also are exempt from all sales tax (that’s 7% here) on the purchase of your solar power system, which is a really nice benefit in a state without much going for it in terms of solar policy. However, the actual law for solar sales tax exemption states you need to be selling this energy to qualify for a sales tax exemption.
Technically, with net metering, you are selling power back to the utility, but you may want expert opinion on the matter in Indiana, particularly if you don’t see a sales tax exemption on your solar installation quote. If all this is sounding complicated and discouraging, don’t worry – the solar installers we partner with can take care of all these details for you and make sure you save the most money possible. Start by calculating your potential savings with solar power.
If you’re lucky enough to live in an area served by NIPSCO, you can enroll in a special program to get excess credit for your solar power. Under this program you can install a solar system up to 10 kilowatts in size, and either elect to sell all the electricity back to NIPSCO at a rate of $0.15 per kilowatt-hour (kWh), OR you can declare a kWh allotment to sell back to NIPSCO at this rate, while using the rest for yourself.
With going electric rates at $0.12/kWh, you can stand to make some additional money with this program and also cover your electric usage. For more details on how this program works, check the NIPSCO Feed-in Tariff Website.
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Prices based on a 11.4kW system, after 30% federal tax credit
19 solar companies in Indiana provide pricing on SolarReviews. Here are the best rated companies near you.
4.64 34 Reviews
Todd B, over 1 month
The company that installed my solar system went out of business so I hired Jeremy to come and check things over and get the online monitoring back in order. He was very easy to deal with and very honest about my system. I wish I would have hired him to do the job in the first place but am glad to have him available for the future.
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Todd B, over 1 month
The company that installed my solar system went out of business so I hired Jeremy to come and check things over and get the online monitoring back in order. He was very easy to deal with and very honest about my system. I wish I would have hired him to do the job in the first place but am glad to have him available for the future.
4.53 1,612 Reviews
Bay Roberts, 2 days ago
My son in law works for this company. For his past 3 paychecks, Blue Raven has not paid him for all his jobs that he has completed. He has contacted his supervisor, the general manager and tomorrow he is going to human resources. Each time the person refers him to someone else. My impression is that this company does not value their employees and is comfortable "stiffing them". A company that does not care for their employees and does not even do the bare minimum (pay them) is a company that will have unhappy workers who will not be motivated to do a good job. I would hire a different company to install your panels. One that cares.
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Bay Roberts, 2 days ago
My son in law works for this company. For his past 3 paychecks, Blue Raven has not paid him for all his jobs that he has completed. He has contacted his supervisor, the general manager and tomorrow he is going to human resources. Each time the person refers him to someone else. My impression is that this company does not value their employees and is comfortable "stiffing them". A company that does not care for their employees and does not even do the bare minimum (pay them) is a company that will have unhappy workers who will not be motivated to do a good job. I would hire a different company to install your panels. One that cares.
4.49 55 Reviews
Solar45224, over 1 month
I had a 19 panel system installed last week. I’m overall very satisfied with SIF on pricing, quality of equipment, and quality of install. The only area that I wish was a little better is their communication. During my 3 month install process, I called the office 3 times. I never had anyone answer the phone when I called, but they did call me or text me back within 24 hours. Ultimately, no major issue, but hope they improve this going forward. If/when I move, I would be happy to have SIF install a system on my next home.
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Solar45224, over 1 month
I had a 19 panel system installed last week. I’m overall very satisfied with SIF on pricing, quality of equipment, and quality of install. The only area that I wish was a little better is their communication. During my 3 month install process, I called the office 3 times. I never had anyone answer the phone when I called, but they did call me or text me back within 24 hours. Ultimately, no major issue, but hope they improve this going forward. If/when I move, I would be happy to have SIF install a system on my next home.
4.47 28 Reviews
Anonymous, over 1 month
I am very pleased with my solar system. It runs my whole shop and since the installation in 2015 I have had zero issues. The people at Photon Electric are professional's and I would highly recommend them.
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Anonymous, over 1 month
I am very pleased with my solar system. It runs my whole shop and since the installation in 2015 I have had zero issues. The people at Photon Electric are professional's and I would highly recommend them.
4.42 22 Reviews
Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
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Anonymous, over 1 month
Midwest installed an 18.9 kw ground mounted system for us that was an especially challenging set of circumstances. Without going into all the details, let's just say they went above and beyond to do whatever it took to make this work, and stayed at their quoted amount even after a lot of challenges. Top notch organization!
4.25 5 Reviews
Irene Pletka, over 1 month
Very pleasant and professional. Have recommended them to others.<br />I think education about renewable energy resources is a vital component of public policy.
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Irene Pletka, over 1 month
Very pleasant and professional. Have recommended them to others.<br />I think education about renewable energy resources is a vital component of public policy.
4.06 6 Reviews
Anonymous, over 1 month
The whole team at Morton Solar was professional, courteous, on time and efficient. I've been very pleased with my Morton Solar investment!
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Anonymous, over 1 month
The whole team at Morton Solar was professional, courteous, on time and efficient. I've been very pleased with my Morton Solar investment!
4.06 3 Reviews
Bendix - Huntington, IN, over 1 month
PSG was selected after a lengthy bid process involving numerous solar providers. For us, PSG provided the right combination of experience, customer service and value. From the time Bendix selected PSG as our renewable energy partner for our Huntington, IN solar array project, they worked hard to ensure the designed system would meet our business objectives. The team members assigned to our installation always did a professional job of keeping us well informed as they navigated through several unexpected project challenges. We continue to be impressed with the level of service even after project completion. Very happy we chose PSG Energy Group.
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Bendix - Huntington, IN, over 1 month
PSG was selected after a lengthy bid process involving numerous solar providers. For us, PSG provided the right combination of experience, customer service and value. From the time Bendix selected PSG as our renewable energy partner for our Huntington, IN solar array project, they worked hard to ensure the designed system would meet our business objectives. The team members assigned to our installation always did a professional job of keeping us well informed as they navigated through several unexpected project challenges. We continue to be impressed with the level of service even after project completion. Very happy we chose PSG Energy Group.
4.02 31 Reviews
Steve, 2 weeks ago
they will not follow through nor return to help if you have anything that fails after install. They claim they will support you but that claim is a complete lie.
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Steve, 2 weeks ago
they will not follow through nor return to help if you have anything that fails after install. They claim they will support you but that claim is a complete lie.