Solar Energy Incentives Indiana

The two biggest barriers to solar power installation are high upfront cost and long payback period.

Solar energy incentives indiana. 59mw indiana solar energy farm although indiana recently passed the controversial senate bill 309 that limits net metering incentives for residential home solar systems. This tax offers the promise of bringing solar energy to the masses. Indiana gets a decent amount of sunlight over the year up to 5 peak sun hours per day to the south of the state and all of it represents potential solar energy savings for homeowners who invest in solar power. Indiana state law includes both covenant restrictions and solar easement provisions.

The federal itc is eliminated for residential solar installations after 2021 but commercial solar energy system owners can still deduct 10 percent of a commercial solar system cost from their taxes in 2022 and beyond. Unlike some states such as california which seem like a natural fit for residential and small scale commercial solar power systems indiana probably isn t a state that comes to. Indiana has lots of sunshine and laws that are favorable for solar power and renewable energy. The state s covenant restrictions prevent planning and zoning authorities from prohibiting or unreasonably restricting the use of solar energy.

Tax incentives indiana tax incentives. The state capital of indianapolis for example averages at around 4 5 peak sun hours per day. Indiana s solar easement provisions are similar to those in many other states. For any new solar pv system installed in indiana the assessed value of the system is exempt from your property taxes.

Renewable energy property tax exemption. Solar and wind technologies. Indiana tax benefits for solar. Epa provides tax credits and incentives for various projects involving efficiency and efficiency measures for both consumers home owners and businesses.

These are provided by the energy policy act of 2005. One of the most beneficial incentive that is available for both homeowners and renters is the property tax exemption in which the property is. Check out the most significant incentives that will sweeten the deal for solar in indiana. To advance solar energy use indiana needs to implement a carbon tax.

The state has numerous other incentives for homeowners to take advantage of. Without some type of public initiative solar power will never be successful. Besides the federal itc indiana has additional incentives for going solar that are dependent on your area and utility company. The next installment in our series on state solar incentives and facts has information on indiana solar incentives for the residential and commercial sector followed by some facts about solar energy in indiana.

Check your savings costs tax breaks incentives and rebates.