Is solar worth it in 46406 (Gary, IN)?

With an average payback period of 12.9 years and 25-year savings of $27,175, solar panels in Gary, Indiana can be worthwhile with available incentives.

How much do solar panels cost in 46406?

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

How much solar electricity does 46406 get?

Gary receives 4.53 kWh/m²/day of solar irradiance. A 6kW system in zip code 46406 produces approximately 7,937 kWh per year.

Solar Panel ROI in 46406

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

1.9x ROI Score

12.9 yrs Payback Period

$1,087/yr Annual Savings

$27,175 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,087

Payback 12.9 yrs

25-yr savings $27,175

Solar Calculator for 46406 (Gary)

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

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.53 kWh/m²/day

Based on NREL data for Gary, IN

ROI Score 1.9x

Annual Production 7,937 kWh

Annual Savings $1,087

Payback Period 12.9 years

25-Year Savings $27,175

After 30% ITC $9,800

Solar Data for 46406 – Gary, IN

Solar Irradiance 4.53 kWh/m²/day -8.7% vs national avg

vs Indiana Avg -2.2% State avg: 4.66 kWh/m²/day

Electricity Rate $0.137/kWh Indiana average rate

Annual Production 7,937 kWh 6kW system estimate

Gary's 4.53 kWh/m²/day is 8.7% below the national average. At $0.137/kWh, the 12.9-year payback is moderate. Tax credits and incentives can shorten it meaningfully.

Solar Incentives for Gary, Indiana

★

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.

★

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 Gary.

46406 vs Indiana Average

Solar Irradiance

46406: 4.53 IN avg: 4.66

Payback Period

46406: 12.9 yrs IN avg: 12.8 yrs

Annual Savings

46406: $1,087 IN avg: $1,090

25-Year Savings

46406: $27,175 IN avg: $27,250

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

Nearby Zip Codes — Solar Comparison

60617 Chicago, IL 2.1x ROI 11.9 yr payback 60637 Chicago, IL 2.1x ROI 11.9 yr payback 60620 Chicago, IL 2.1x ROI 11.9 yr payback 60601 Chicago, IL 2.1x ROI 11.9 yr payback 60608 Chicago, IL 2.1x ROI 11.9 yr payback