Indiana Energy Rebates & Tax Credits

17 state-level programs plus 15 federal programs available to Indiana residents.

Key Takeaways

Indiana offers 17 energy incentive programs — ranking #2 of 51 states and 42% above the national average of 12. Residents have more options than most states.
Residential electricity costs 14.24¢/kWh, near the national average of 15.9¢/kWh. Energy efficiency upgrades provide moderate but steady savings here.
Indiana was allocated $204M in IRA (Inflation Reduction Act) funding — above the state average of $194M. Programs cover HOMES rebates ($103M) and HEEHR electrification ($101M).
IRA HOMES rebate status: Planning. HEEHR status: Planning.

State Programs

Tax Credits

Rebates

Utility Programs

Indiana Electricity Rates

14.24 ¢/kWh

Residential

11.39 ¢/kWh

Commercial

7.83 ¢/kWh

Industrial

National rank: #24 | Compare all states

IRA Rebate Status in Indiana

HOMES Program

Status: Planning

Funding: $103M

IURC coordination needed

HEEHR Program

Status: Planning

Funding: $101M

Expected 2026

Administered by: IN Office of Energy Development | Total IRA allocation: $204M

View all states →

Appliances(1 programs)

Indiana Electric Appliance Rebate

$614Rebate

Electric Vehicles(4 programs)

Indiana EV Charging Infrastructure Grant

$9,234Grant

Indiana EV Rebate

$5,623Rebate

Indiana Michigan Power EV Charger Rebate

$250-$500Rebate

Indianapolis Power & Light EV Charger Rebate

$250-$500Rebate

HVAC / Heat Pumps(7 programs)

Duke Energy Indiana Heat Pump Rebate

$500-$3,000Rebate

Duke Energy Indiana Smart Thermostat Rebate

$50-$100Rebate

Indiana Heat Pump Rebate

$2,472Rebate

Indiana Michigan Power Heat Pump Rebate

$500-$3,000Rebate

Indiana Michigan Power Smart Thermostat Rebate

$50-$100Rebate

Indianapolis Power & Light Heat Pump Rebate

$500-$3,000Rebate

Indianapolis Power & Light Smart Thermostat Rebate

$50-$100Rebate

Solar(3 programs)

Duke Energy Indiana Solar Panel Rebate

$500-$2,500Rebate

Indiana Net Metering

VariesPolicy

Indiana Renewable Energy Property Tax Exemption

VariesTax Exemption

Weatherization(1 programs)

Indiana Home Weatherization Rebate

$653Rebate

Federal Programs Available in Indiana

All 15 federal programs apply to Indiana residents and stack with state incentives.

Battery Storage Tax Credit30%ENERGY STAR Appliance Tax Credit30% up to $1,200 EV Charger Installation Credit (EVSE)30% up to $1,000 EV Tax Credit (New Clean Vehicle)Up to $7,500 Electric Panel Upgrade Credit30% up to $600 Energy-Efficient Commercial Building Deduction (179D)Up to $5.00/sq ft Energy-Efficient New Homes Credit (45L)Up to $5,000 Geothermal Heat Pump Tax Credit30%

View all federal programs →

Frequently Asked Questions

How many energy rebate programs are available in Indiana?

Indiana currently has 17 state-level energy incentive programs, plus all 15 federal programs that apply nationwide. These include tax credits, rebates, utility incentives, and financing programs.

Can Indiana residents claim federal energy tax credits?

Yes. All Indiana residents can claim federal energy tax credits including the 30% solar credit, up to $2,000 heat pump credit, and up to $7,500 EV credit, in addition to any Indiana-specific programs.

What are the IRA rebate programs in Indiana?

The IRA established two rebate programs: HOMES (for whole-home energy savings) and HEEHR (for electrification like heat pumps and appliances). Each state administers these programs independently. Check our Indiana state page for current launch status and funding details.

How do I apply for Indiana energy rebates?

Application processes vary by program. State tax credits are claimed on your state tax return. Utility rebates typically require submitting a form to your utility company. IRA rebates are applied at the point of sale through participating contractors.

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Indiana Energy Rebates & Tax Credits

Key Takeaways

Indiana Electricity Rates

IRA Rebate Status in Indiana

HOMES Program

HEEHR Program

Appliances(1 programs)

Electric Vehicles(4 programs)

HVAC / Heat Pumps(7 programs)

Solar(3 programs)

Water Heating(1 programs)

Weatherization(1 programs)

Federal Programs Available in Indiana

Frequently Asked Questions

Indiana Energy Rebates & Tax Credits

Key Takeaways

Indiana Electricity Rates

IRA Rebate Status in Indiana

HOMES Program

HEEHR Program

Appliances(1 programs)

Electric Vehicles(4 programs)

HVAC / Heat Pumps(7 programs)

Solar(3 programs)

Water Heating(1 programs)

Weatherization(1 programs)

Federal Programs Available in Indiana

Frequently Asked Questions