Is solar worth it in 46218 (Indianapolis, IN)?

With an average payback period of 12.6 years and 25-year savings of $27,775, solar panels in Indianapolis, Indiana can be worthwhile with available incentives.

How much do solar panels cost in 46218?

The average cost of a 6kW residential solar system in Indianapolis, Indiana is $14,000 before incentives. The federal 30% Investment Tax Credit reduces this to about $9,800.

How much solar electricity does 46218 get?

Indianapolis receives 4.63 kWh/m²/day of solar irradiance. A 6kW system in zip code 46218 produces approximately 8,112 kWh per year.

Solar Panel ROI in 46218

Indianapolis, Indiana — Is solar worth it here? Here's what the data says.

2.0x ROI Score

12.6 yrs Payback Period

$1,111/yr Annual Savings

$27,775 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,111

Payback 12.6 yrs

25-yr savings $27,775

Solar Calculator for 46218 (Indianapolis)

Adjust values to see your personalized solar ROI estimate for Indianapolis, Indiana.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.63 kWh/m²/day

Based on NREL data for Indianapolis, IN

ROI Score 2.0x

Annual Production 8,112 kWh

Annual Savings $1,111

Payback Period 12.6 years

25-Year Savings $27,775

After 30% ITC $9,800

Solar Data for 46218 – Indianapolis, IN

Solar Irradiance 4.63 kWh/m²/day -6.7% vs national avg

vs Indiana Avg +0% State avg: 4.66 kWh/m²/day

Electricity Rate $0.137/kWh Indiana average rate

Annual Production 8,112 kWh 6kW system estimate

Indianapolis's 4.63 kWh/m²/day is 6.7% below the national average. At $0.137/kWh, the 12.6-year payback is moderate. Tax credits and incentives can shorten it meaningfully.

Solar Incentives for Indianapolis, Indiana

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Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $14,000 system, that's $4,200 back.

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Net Metering

Most Indiana utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

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Indiana State Programs

Check with the Indiana energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Indianapolis.

46218 vs Indiana Average

Solar Irradiance

46218: 4.63 IN avg: 4.66

Payback Period

46218: 12.6 yrs IN avg: 12.8 yrs

Annual Savings

46218: $1,111 IN avg: $1,090

25-Year Savings

46218: $27,775 IN avg: $27,250

See the full Indiana solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

46201 Indianapolis, IN 2.0x ROI 12.6 yr payback 46203 Indianapolis, IN 2.0x ROI 12.6 yr payback 46240 Indianapolis, IN 2.0x ROI 12.6 yr payback 46224 Indianapolis, IN 2.0x ROI 12.6 yr payback 46902 Kokomo, IN 2.0x ROI 12.7 yr payback