Solar in New Albany, IN
With Duke Energy Indiana's electricity at about 15.9¢ per kWh and 1,346 kWh of sun per kW, solar is not worth it for a typical New Albany home today: about a 17.8-year payback.
- Payback, typical home
- 17.8 yrsIndiana: 16.9 yrs
- 25-year net
- $8,465after paying $14,720
- Sun
- 1,346kWh per kW per year
- Electricity
- 15.9¢12% below U.S. average
A typical New Albany home, by the numbers
| Utility | Duke Energy Indiana |
|---|---|
| Electricity use | 992 kWh a month |
| Best-value system | 4.4 kW, about 10 panels, 5,922 kWh a year (50% of use) |
| Cost | $14,720 |
| First-year savings | $757 |
| Payback | 17.8 years |
| Exported power | Reduced export credit (Duke Energy Indiana) |
Cash purchase, no federal credit, 3.3% yearly rate increases. Run it with your own numbers.
Homes in New Albany
- Owner-occupied homes
- 55%
- Single-family detached
- 61%
- Median home value
- $181k
- Median year built
- 1965
- Population
- 37,581
- Roofs suitable for solar†
- 87%
Census ACS 2020–2024. †Share of 13,777 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 New Albany
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 New Albany
Is solar worth it in New Albany, IN?
For a typical home in New Albany, solar is not worth it at 2026 prices: a 4.4 kW system costs about $14,720 after state incentives, saves about $757 in year one and pays back in about 17.8 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in New Albany?
About 1,346 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 New Albany?
Most homes in New Albany are served by Duke Energy Indiana, at about 15.9¢ per kWh on average. Some areas are served by Harrison County Rural E M C, Clark County Rural E M C.
How much do solar panels cost in New Albany?
A fair cash price is around $3.05 per watt before incentives, so about $14,720 for a 4.4 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Jeffersonville 17.8 yrs
- Columbus 18 yrs
- Bloomington 18 yrs
- Franklin 17.7 yrs
- Greenwood 17.7 yrs
- Evansville 13.8 yrs
- Plainfield 17.9 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.