Indiana / Madison
Is solar worth it in Madison?
Duke Energy Indiana, LLC averages 12.8¢/kWh. With 4.4 peak sun hours a day, a typical 8.1 kW system makes ~10,384 kWh a year and saves about $1,324 in year one.
No federal tax credit is included. The 30% homeowner credit (IRS §25D) ended for systems installed after Dec 31, 2025. What changed in 2026 →
How Madison compares
That is slower than the Indiana average of 12.3 years, mainly because Madison's rate is below the state average of 14.8¢/kWh. Your own payback depends on your bill: enter your ZIP and monthly bill above for your number.
| Nearby city | Rate | Payback | 25-yr net |
|---|---|---|---|
| Seymour | 12.8¢ | 13.8 yrs | $25,981 |
| Sellersburg | 12.8¢ | 13.8 yrs | $25,981 |
| Jeffersonville | 12.8¢ | 13.8 yrs | $25,981 |
| Clarksville | 12.8¢ | 13.8 yrs | $25,981 |
| New Albany | 12.8¢ | 13.8 yrs | $25,981 |
| Greensburg | 12.8¢ | 13.8 yrs | $25,981 |
| Columbus | 12.8¢ | 13.8 yrs | $25,981 |
| Shelbyville | 12.8¢ | 13.8 yrs | $25,981 |
Questions
How long does solar take to pay off in Madison, IN?
About 13.8 years for a typical 8.1 kW system at 12.8 cents/kWh, assuming $2.75/W installed, full net metering and 3% yearly rate increases, with no federal tax credit.
Is solar worth it in Madison?
Often, if you plan to stay long-term. Our estimate is $1,324 saved in year one and $25,981 net over 25 years after paying for the system.
How much does a solar system cost in Madison?
A 8.1 kW system sized for an average home (863 kWh/month) is about $22,275 before any local rebates, at $2.75 per watt. Real quotes vary by roof and installer.
Is there a federal solar tax credit in 2026?
Not for homeowners who buy their system. The 30% Residential Clean Energy Credit (IRS section 25D) does not apply to installations completed after December 31, 2025. State rebates, SRECs and utility incentives may still apply.
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