Solar Installers Market: ZIP 47305
Opportunity Score
48
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47305 is an urban area with moderate foot traffic. with a population of 3,570 and household incomes below the national median ($33,125).
Area Profile
3,570
Population
$33,125
Median Income
-56% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 37.9 —
mixed-age market, broad menu appeal.
College-Educated: 13.2% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$744
Median Gross Rent
$77 K
Median Home Value
5
Bank Branches
$1.7 M deposits
Tips for Starting a Solar Business in Indiana
- The federal Investment Tax Credit (ITC) is the single biggest factor in your customers' buying decisions. Know the current rate and expiration timeline cold.
- Become a certified installer for at least two major panel manufacturers. Certification unlocks better wholesale pricing and warranty terms.
- Permitting and interconnection timelines vary wildly by utility. In some territories it takes 2 weeks. In others, 6 months. Map this before you set customer expectations.
- Roof condition kills more solar deals than price objections. Partner with a roofer or learn to assess roof life remaining.
- Median income sits at $33,125. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Bank Branches
- 5
vs. National Average
Median Income
-56% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
47306
1.7 mi
Pop: 3,866
Walk: 8.3
47302
4.5 mi
Pop: 25,365
$47,185
Walk: 8.5
47303
5.4 mi
Pop: 24,115
$42,556
Walk: 8.3
47304
5.9 mi
Pop: 31,432
$67,756
Walk: 8.9
47367
7.6 mi
Pop: 105
Walk: 4.5
47383
8.6 mi
Pop: 2,564
$59,700
47396
9.1 mi
Pop: 7,808
$80,490
Walk: 5.8
47320
9.5 mi
Pop: 4,486
$68,244
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits