Solar Panels in
Coal City, IN

Updated 6/8/2019

How much do solar panels cost in Coal City, IN in 2020?

As of February 2020, the average solar panel cost in Coal City, IN is $3.26/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Coal City, IN ranges in cost from $13,855 to $18,745, with the average gross price for solar in Coal City, IN coming in at $16,300. 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 Coal City, IN

System Size System Cost System Cost (after ITC)
3 kW $9,780 $7,237
4 kW $13,040 $9,650
5 kW $16,300 $12,062
6 kW $19,560 $14,474
7 kW $22,820 $16,887
8 kW $26,080 $19,299
9 kW $29,340 $21,712
10 kW $32,600 $24,124

2020 average solar panel cost graph in Coal City, IN

for a 5kW system

Great Price
$13,855 or less
Market Average
$16,300
Above Market
$18,745 or more
Note: Showing cost data for Owen County, IN.

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

11.11 Years

20-Year Savings

$29,718

Cost per Watt

$3.26

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True Cost of Solar Guide™ for Indiana

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