Solar Panels in
Clay County, IN

Updated 6/8/2019

How much do solar panels cost in Clay County, IN in 2020?

As of January 2020, the average solar panel cost in Clay County, IN is $3.01/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Clay County, IN ranges in cost from $12,792 to $17,308, with the average gross price for solar in Clay County, IN coming in at $15,050. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Average solar panel cost by system size in Clay County, IN

System Size System Cost System Cost (after ITC)
3 kW $9,030 $6,682
4 kW $12,040 $8,910
5 kW $15,050 $11,137
6 kW $18,060 $13,364
7 kW $21,070 $15,592
8 kW $24,080 $17,819
9 kW $27,090 $20,047
10 kW $30,100 $22,274

2020 average solar panel cost graph in Clay County, IN

for a 5kW system

Great Price
$12,792 or less
Market Average
$15,050
Above Market
$17,308 or more

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local IN incentives, tax credits & rebates.

Payback Period

11.58 Years

20-Year Savings

$32,112

Cost per Watt

$3.01

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