Solar Energy Financial Incentives

Converting to solar energy use in Indiana has become more affordable in recent years, largely because of tax credits and financial incentives being offered to homeowners who make the switch to this renewable energy.

Federal Solar Tax Credit

The federal solar tax credit is also known as “ITC” or the Investment Tax Credit. If you have your solar energy system installed before the end of 2032, the tax credit is 30% of your cost.. It includes equipment costs, labor, and any permit fees.

For example, if your system costs $20,000 your tax credit would be $6,000.

Keep in mind that this tax credit is scheduled to reduce to 26% at the end of 2032. So now is the perfect time to go solar to take advantage of the higher tax credit rate!

Indiana State Solar Tax Exemptions

As a property owner in the state of Indiana, you are 100% exempt from all property taxes associated when your home’s value increases due to your solar power system installation.

If your home is located in an area of Indiana served by NIPSCO, you can enroll in a program to get credit for your solar energy.You can install a residential solar energy system up to 10 kilowatts and then choose to either sell the energy back to NIPSCO or you can declare a kilowatt allotment to sell back to them, using the rest of the energy for your home.

For more information about this program, go to the NIPSCO Feed-In Tariff website.

If you’re interested in going solar in Indiana, Advanced Solar is here to answer your questions. We serve Kosciusko, Elkhart, LaGrange, Noble, Whitley, Huntington, Wabash, Miami, Cass, Fulton, and Marshall counties.

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