Indiana Electricity Rates 2026 — Cost per kWh & Savings
The average electricity rate in Indiana (IN) is $0.1382/kWh, ranking #18 among US states. The average monthly bill is $128 for 926 kWh of usage.
Calculate Your Indiana Electric Bill
Electricity Savings Tips for Indiana
Indiana relies heavily on coal generation, keeping rates moderate but carbon intensity high. The state offers net metering for solar customers up to 1 MW. Consider solar if your roof faces south — payback is typically 8-10 years.
Primary Utility: Indiana Michigan Power, Duke
Indiana has a regulated electricity market served primarily by Indiana Michigan Power, Duke. Rates are set by the state public utility commission and cannot be changed by shopping for providers. Focus on reducing usage and investing in efficiency improvements to lower your bill.
Solar Energy in Indiana
Indiana receives an average of 4 peak sun hours per day. While not the sunniest state, solar panels still produce meaningful energy here. At $0.14/kWh, a solar system that produces 7008 kWh/year saves approximately $969/year. With the 30% federal tax credit, typical payback is 8-12 years.