Is solar worth it in 46902 (Kokomo, IN)?

With an average payback period of 12.7 years and 25-year savings of $27,550, solar panels in Kokomo, Indiana can be worthwhile with available incentives.

How much do solar panels cost in 46902?

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

How much solar electricity does 46902 get?

Kokomo receives 4.59 kWh/m²/day of solar irradiance. A 6kW system in zip code 46902 produces approximately 8,042 kWh per year.

Solar Panel ROI in 46902

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

2.0x ROI Score

12.7 yrs Payback Period

$1,102/yr Annual Savings

$27,550 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $1,102

Payback 12.7 yrs

25-yr savings $27,550

Solar Calculator for 46902 (Kokomo)

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

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.59 kWh/m²/day

Based on NREL data for Kokomo, IN

ROI Score 2.0x

Annual Production 8,042 kWh

Annual Savings $1,102

Payback Period 12.7 years

25-Year Savings $27,550

After 30% ITC $9,800

Solar Data for 46902 – Kokomo, IN

Solar Irradiance 4.59 kWh/m²/day -7.5% vs national avg

vs Indiana Avg -0.9% State avg: 4.66 kWh/m²/day

Electricity Rate $0.137/kWh Indiana average rate

Annual Production 8,042 kWh 6kW system estimate

Kokomo's 4.59 kWh/m²/day is 7.5% below the national average. At $0.137/kWh, the 12.7-year payback is moderate. Tax credits and incentives can shorten it meaningfully.

Solar Incentives for Kokomo, 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.

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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 Kokomo.

46902 vs Indiana Average

Solar Irradiance

46902: 4.59 IN avg: 4.66

Payback Period

46902: 12.7 yrs IN avg: 12.8 yrs

Annual Savings

46902: $1,102 IN avg: $1,090

25-Year Savings

46902: $27,550 IN avg: $27,250

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

Nearby Zip Codes — Solar Comparison

46240 Indianapolis, IN 2.0x ROI 12.6 yr payback 46218 Indianapolis, IN 2.0x ROI 12.6 yr payback 46224 Indianapolis, IN 2.0x ROI 12.6 yr payback 46201 Indianapolis, IN 2.0x ROI 12.6 yr payback 46203 Indianapolis, IN 2.0x ROI 12.6 yr payback