The state of Indiana offers a handful of enticing reasons to install a solar energy system for your home or business. Net metering, sales/property tax exemptions, and solar easement laws all help reduce the total cost of installing solar in the Hoosier State.
To start, folks that go solar in Indiana will enjoy the benefits of a couple key laws. There has already been over 444 megawatts (MW) of solar energy installed in Indiana. Join countless others who are have switched to solar in the Hoosier State.
Net metering in Indiana allows you to earn credits on your electric bill on days when your system produces more energy than you use. You can then use those credits on days when your system produces less than what you need (can happen in wintertime some) and avoid paying the utility company a cent.
The Indiana Renewable Energy Property Tax Exemption benefit ensures that your new solar energy system is exempt from being part of your property tax assessment value, forever! Obviously, this helps you to recoup the cost of your system even quicker. Your property will likely be worth more to prospective buyer, but you won’t have to pay for it!
These laws help ensure your Indiana solar installation isn’t covered by shade (say, from a neighbors yard) that would limit the production of your system. There are also many cities and towns in Indiana that have solar easements & rights laws preventing home owner associations (HOA) and zoning authorities from blocking your home solar panel installation.
2020 is the last year the Federal Solar Tax Credit will be at 26 percent! After. that it goes down significantly each year. Similar to the 15% state of Iowa tax credit, the ITC allows you to deduct 26% of the cost of your solar energy system from your federal taxes.
MOXIE is one of the largest solar installation companies in the country. We’ll work with you to create a complete solar system that is affordable, sustainable and dependable.