Solar in Greenwood, IN
With AES Indiana's electricity at about 15.6¢ per kWh and 1,365 kWh of sun per kW, solar is not worth it for a typical Greenwood home today: about a 17.7-year payback.
- Payback, typical home
- 17.7 yrsIndiana: 16.9 yrs
- 25-year net
- $8,054after paying $13,955
- Sun
- 1,365kWh per kW per year
- Electricity
- 15.6¢13% below U.S. average
A typical Greenwood home, by the numbers
| Utility | AES Indiana |
|---|---|
| Electricity use | 941 kWh a month |
| Best-value system | 4.1 kW, about 10 panels, 5,598 kWh a year (50% of use) |
| Cost | $13,955 |
| First-year savings | $726 |
| Payback | 17.7 years |
| Exported power | 5.4325¢/kWh (AES Indiana) |
Cash purchase, no federal credit, 3.3% yearly rate increases. Run it with your own numbers.
Homes in Greenwood
- Owner-occupied homes
- 59%
- Single-family detached
- 63%
- Median home value
- $276k
- Median year built
- 1996
- Population
- 66,029
- Roofs suitable for solar†
- 91%
Census ACS 2020–2024. †Share of 15,919 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Greenwood
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 Greenwood
Is solar worth it in Greenwood, IN?
For a typical home in Greenwood, solar is not worth it at 2026 prices: a 4.1 kW system costs about $13,955 after state incentives, saves about $726 in year one and pays back in about 17.7 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Greenwood?
About 1,365 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 3% more than the Indiana average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Greenwood?
Most homes in Greenwood are served by AES Indiana, at about 15.6¢ per kWh on average. Some areas are served by Johnson County Rural E M C, South Central Indiana REMC, Duke Energy Indiana.
How much do solar panels cost in Greenwood?
A fair cash price is around $3.05 per watt before incentives, so about $13,955 for a 4.1 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Franklin 17.7 yrs
- Indianapolis 18 yrs
- Plainfield 17.9 yrs
- Lawrence 18 yrs
- Brownsburg 18.1 yrs
- Carmel 18.2 yrs
- Fishers 17.9 yrs
- Columbus 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.