Another calculation that potential solar buyers have to consider is the solar payback period.
Indiana solar panel law.
Indiana gets a decent amount of sunlight over the year up to 5 peak sun hours per day to the south of the state and all of it represents potential solar energy savings for homeowners who invest in solar power.
Indiana s average cost of a solar panel installation ranges from 12 878 to 17 422.
In fact in the entire state only ip l offers a rebate on the installation of a residential solar power system and the rebate program is set to expire at the end of 2014.
2 impose unreasonable limitations on the owner s ab.
The bill which was signed into law by gov.
31 to be locked in to the current incentive for 30 years.
If you re an ip l customer you are eligible for a solar power rebate of 1 000 kw up to 4 000.
When your panels aren t producing all the electricity you need you can use your credits instead of having to pay for electricity from your utility.
Eric holcomb in may and implemented july 1 set a deadline.
Before 2017 state law allowed indiana utility customers who installed solar panels to upload the power they did not use to the power grid.
Ic 36 7 2 8 solar energy systems.
Check your savings costs tax breaks incentives and rebates.
1 prohibit the owner of a dwelling unit from installing a solar energy system.
Install solar panels by dec.
The state capital of indianapolis for example averages at around 4 5 peak sun hours per day.
Customer bills could then be offset by that same amount.
Like many other states indiana has solar easement and rights laws that help you work with your neighbors to make sure your solar installation isn t covered by shade.
Indiana solar panel rebates are extremely limited as well.