AES Indiana and solar
AES Indiana is an investor-owned utility serving about 469,634 homes in Indiana. Here's what its rates and export rules mean for solar: for a typical customer, solar is not worth it.
- Average price (2026 est.)
- 15.6¢8% below Indiana average
- Typical bill
- $147941 kWh a month
- Exports credited
- 5.4325¢Reduced export credit
- Typical payback
- 18 yrs4.2 kW, cash
Export rules for AES Indiana customers
Reduced export credit — about 5.4325¢ per exported kWh, instantaneous netting.
Rider 16 EDG rate 5.4325 cents/kWh effective July 27, 2026 (Cause 46258).
Solar for a typical AES Indiana home
| System | 4.2 kW (50% of 941 kWh/month) |
|---|---|
| Cost | $14,210 |
| First-year savings | $726 |
| Payback | 18.0 years |
| 25-year net | $7,736 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 1,019
- Share of customers
- 0.2%
- Residential solar capacity
- 7 MW
- Residential customers
- 469,634
EIA-861, 2025.
Questions about AES Indiana and solar
Does AES Indiana have net metering?
Rider 16 EDG rate 5.4325 cents/kWh effective July 27, 2026 (Cause 46258). Exported power is credited at about 5.4325¢ per kWh.
How much does electricity cost with AES Indiana?
Residential customers paid an average of 14.7¢ per kWh in 2025 (EIA), about 15.6¢ adjusted to 2026. The typical home uses 941 kWh a month, a bill of about $147.
Is solar worth it with AES Indiana?
For a typical customer, solar is not worth it: a 4.2 kW system costing about $14,210 pays back in about 18 years, with $7,736 net over 25 years.
How many AES Indiana customers have solar?
About 1,019 homes had net-metered solar at the end of 2025, roughly 0.2% of residential customers (EIA-861).
Legal name: AES Indiana (EIA ID 9273). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.