Solar in Anderson, IN
With Indiana Michigan Power's electricity at about 18.2¢ per kWh and 1,343 kWh of sun per kW, solar is a close call for a typical Anderson home today: about a 16.4-year payback.
- Payback, typical home
- 16.4 yrsIndiana: 16.9 yrs
- 25-year net
- $9,942after paying $13,190
- Sun
- 1,343kWh per kW per year
- Electricity
- 18.2¢1% above U.S. average
A typical Anderson home, by the numbers
| Utility | Indiana Michigan Power |
|---|---|
| Electricity use | 853 kWh a month |
| Best-value system | 3.8 kW, about 9 panels, 5,102 kWh a year (50% of use) |
| Cost | $13,190 |
| First-year savings | $738 |
| Payback | 16.4 years |
| Exported power | Reduced export credit (Indiana Michigan Power) |
Cash purchase, no federal credit, 3.3% yearly rate increases. Run it with your own numbers.
Homes in Anderson
- Owner-occupied homes
- 55%
- Single-family detached
- 70%
- Median home value
- $119k
- Median year built
- 1961
- Population
- 55,367
- Roofs suitable for solar†
- 76%
Census ACS 2020–2024. †Share of 17,598 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Older housing stock. Many homes here were built before 1975. Have the roof and electrical panel checked before signing; a roof or panel upgrade can add thousands. Roof first?
Installers working in Anderson
Public installation records for Indiana don't name installers, so we can't rank local companies here. Browse installers in Indiana.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Anderson
Is solar worth it in Anderson, IN?
For a typical home in Anderson, solar is a close call at 2026 prices: a 3.8 kW system costs about $13,190 after state incentives, saves about $738 in year one and pays back in about 16.4 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Anderson?
About 1,343 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 1% more than the Indiana average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Anderson?
Most homes in Anderson are served by Indiana Michigan Power, at about 18.2¢ per kWh on average. Some areas are served by City of Anderson, Duke Energy Indiana.
How much do solar panels cost in Anderson?
A fair cash price is around $3.05 per watt before incentives, so about $13,190 for a 3.8 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Noblesville 17.8 yrs
- Fishers 17.9 yrs
- Muncie 16.5 yrs
- Lawrence 18 yrs
- Westfield 18 yrs
- Carmel 18.2 yrs
- Marion 16.7 yrs
- Indianapolis 18 yrs
- All of Indiana
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.