$100
682 kWh
1,010 lbs
Average solar panel installation
$21,720Federal Incentives
$6,516Total
$15,204
Average monthly bill without solar
$100Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $21,720. We calculated this because we think your electricity usage for the year is about 8180 kWh, and a 5.93 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.66/W, which we get from Energy Sage.
The current electricity costs for Indianapolis Power & Light Co are 15¢/kWh. So, by replacing 100% of your usage, you’ll save $1,198 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 18.12 years. If the costs of Indianapolis Power & Light Co electricity rise 3%, then your savings will pay for your solar system in 17.59 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 830 kWh in August, to a low of 480 kWh in December. For the entire year, we estimate that your 5.93 kW sized system would produce 8180 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $6,516.
From Department of Energy Data, it looks like 6 homes have installed solar panels in your zip code, 46239. In your city, Indianapolis, 256 homes have installed solar panels. And in the state of Indiana, 987 homes have installed solar panels.
There are 5 solar installers that operate in Indiana. WattBuy recommends Modernize, RGR Marketing, and EnergySage.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.