Solar panel cost and savings in New Albany, Indiana

New Albany sits at 38.31°N, 85.82°W in Indiana, United States. A typical residential solar system there is sized at 7.5 kW, laid out as 17 panels of 440 W each, mounted at a 38 degree tilt facing the sun's midday path.

Based on PVGIS solar radiation data for New Albany's coordinates, that system produces an estimated 10,367 kWh in its first year. At the local electricity price of $0.18 per kWh (export $0.06 per kWh, daily supply charge $0.55), that generation is worth an estimated $1,223 a year to a household with typical usage patterns for a 3-person home.

Incentives in New Albany

No incentive currently applies to a system installed in New Albany.

Cost and payback

A typical system in New Albany costs an estimated $16,456 to $26,180 installed. With no incentive currently applying, that is also the net cost, and the system pays back in about 19 years at today's local electricity price.

These figures assume a typical 3-person household with no pool, electric vehicle or electric heating, and installation in 2026. Incentive schemes change, and one may apply here by the time you install. Electricity prices shown here are set at the country level. Incentive amounts, when present, use each scheme's national or regional scope as noted above, except where an incentive's value is itself calculated from New Albany's local solar zone; only the production and payback figures are calculated specifically for New Albany's coordinates.

Frequently asked questions

Nearby locations

• Louisville
• Frankfort
• Bloomington
• Lexington
• Owensboro

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