Indiana Incentives

123SolarPower is the leading North American network of energy efficiency experts and solar power solutions. We have hundreds of locations across the U.S. and Canada. We connect homeowners and businesses with the best renewable energy solutions. Our team is committed to assisting you with local solar panel sales, installations and home energy evaluations. 123SolarPower wants to help you save money when you go solar.

Indiana Solar Power

Between 2009 and 2012, Indiana’s solar power capacity increased from 0.3MWp to 4.4MWp. Thanks to ongoing solar power projects including the installation of 37,500 panels near the Indianapolis airport, the state is making significant strides in the realm of solar panels Indiana. Much of this progress can be attributed directly to the Indiana Solar Energy Working Group. Created by the Indiana Office of Energy Development, this group is promoting solar energy development through many efforts including the support of local manufacturing. These steps mean more local jobs and local production of solar panels Indianapolis.

State Tax Incentives

The state of Indiana provides a 100% off property tax increase for installing residential solar panels Indiana. This deduction also applies to any solar, wind, geothermal or hydroelectric power generating device. You can claim this deduction by using State Form 18865.

In addition to the property tax deduction, Indiana offers three other financial incentives when you buy solar panels Indiana. The first financial incentive provided by the state of Indiana is a sales tax exemption. If you purchase a solar energy system, it will be 100% exempt from sales tax. Since the average cost for a solar energy system in Indiana is just over $12,000, being fully exempt from any sales tax provides significant savings on a purchase.

The second incentive is a tax deduction for solar-powered roof vents or fans. This incentive can provide a deduction of up to $1,000. The last state incentive is net metering. This program applies to on-site electrical generation of up to 1 MW. Net metering allows any excess solar electricity you produce each month to offset roll over and reduce the cost of the next electricity bill.

Federal Tax Incentives

You can get additional tax credits from the federal government for using renewable energy resources. The Energy Policy Act of 2005 provides a tax credit of up to 30% of what it costs you to use renewable energy. You can claim this credit by filing Form 5695 at the same time you file your standard tax return. To make things even better, if this credit creates a surplus, the excess credit will be carried over to next year’s tax return.

If you want to save money and the environment, now is the time to look into solar power and take advantage of the available tax credits. Let 123SolarPower help you find the best deals on solar panels for sale Indiana.

Help For All Indiana Residents

123SolarPower is here to help with all your Indiana solar power needs. We pride ourselves on only working with partners who provide the industry’s best equipment. Adding solar panels Indiana to your home can reduce utility costs, help protect the environment, and increase your home’s value. To learn more about how much solar panels can save you and get a free estimate of installation costs, simply fill out the above form. You can also speak directly with a 123SolarPower expert by calling us at: 800-294-2397.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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