Indiana Solar Incentives, Tax Credits And Rebates Of 2024 – Forbes

Installing a solar energy system is about more than simply purchasing the best solar panels for your Indiana home. If you’re like most homeowners, you’ll be looking for ways to save on your installation, too. There are no Indiana solar rebates at this time, but there are other incentives you can take advantage of.

Renewable Energy Property Tax Exemption

If the value of your Indiana home increases after installing a solar power system (it usually will), your state property taxes won’t increase because of it. Remember, though, that this doesn’t mean you’re exempt from paying state property taxes.

NIPSCO Feed-In Tariff

If you live in an area served by the Northern Indiana Public Service Company (NIPSCO), you can enroll in the NIPSCO feed-in tariff program. This program allows homeowners generating renewable energy to sell excess solar power back to NIPSCO for a credit of up to $0.23 per kilowatt-hour (kWh). Though the program has limited availability, it does offer homeowners a chance to earn credits to cover their traditional electricity usage.

Learn more about the program on NIPSCO’s website.

Indiana Solar Sales Tax Exemption

Certain components of a solar power system purchase in Indiana may be exempt from the state’s 7% sales tax. This includes solar modules, racking, inverters and other components directly involved in solar production. This exemption may not be available in all Indiana municipalities, so talk to your solar installer to learn whether you can qualify.

Solar Easement Laws

Indiana has solar easement laws in place to ensure that installed solar energy systems have access to direct sunlight. The laws help homeowners enter into voluntary agreements with neighbors to prevent shading and obstructions to sunlight. It also prevents homeowners associations (HOAs) from blocking solar power system installations.

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