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Best 4 Solar Companies in Anderson, IN

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Written By Max Peterson|Last Updated: February 05, 2024

With Anderson's clear skies and little rainfall, it's a great area for families and businesses hoping to harness the added sunlight. 549 homes in the area already use a solar PV or water heating system. Expert installers will therefore have the exact experience you need to embrace the solar trend with confidence. Discover Anderson's top-rated solar companies and learn important decision-making advice on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies

Top Anderson Solar Companies

Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Financing AssistanceTesla PowerwallBattery StoragePanel Installation

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
7966 Zionsville Rd, Indianapolis, IN 812-226-4688 sesre.com
Bone Dry Solar Logo

Bone Dry Solar

4.4/5
Based on 15 customer reviews.

Services Offered

Panel InstallationConsultationSkilled RepairsCleaning And Maintenance

Highlights

  • Clear pricing policy
  • Free quotes
  • Reliable customer support
7735 Winton Dr, Indianapolis, IN 317-873-6005 bonedry.solar
Green Alternatives Inc. Logo

Green Alternatives

4.1/5
Based on 19 customer reviews.

Services Offered

Battery StorageCleaning And MaintenancePanel Installation

Highlights

  • Reliable customer support
  • Free quotes
  • Clear pricing policy
702 E Columbia St, Flora, IN 765-480-4138 solargai.com

Ranking Methodology

Our team has screened dozens of solar companies near Anderson, keeping in mind the following criteria:

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Facts about Anderson
Average Max Temp:60°F
Solar Payback Period:10.4 years
Average Daily Sunlight:52%
Homes Powered by Solar:549
Average Annual Energy Bill:$1,513
Solar Power per Capita Percentile:48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers multiple advantages. Here are some highlights.

  • Better energy independence: Solar systems with energy storage function through power outages and emergencies, and you won't have to rely on the electrical grid for your safety and comfort.
  • Lowered energy bills: Solar panels allow you to generate your own energy to power your home, lowering your regular electricity costs. You can eliminate your bills completely if you go off-grid.
  • Reduced carbon footprint: The sun is a highly abundant clean energy source, meaning you can lower or beat your home's dependence on non-renewable sources.

What Solar Incentives Are Available to Anderson Homeowners?

Indiana agencies and electric companies offer numerous solar incentives to help minimize your solar system costs. Here is a breakdown of eligible solar programs where you live.

Incentive Type: Property Tax Incentive

Website: in.gov

Incentive Amount:

Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system

Incentive Type: Rebate Program

Website: powermoves.com

Incentive Amount:

Dual Fuel Heat Pump: $500
Pool Pumps: $250/unit
Heat Pump Water Heaters: $400/unit
Air-Source Heat Pumps: $250 - $1,500/unit
Geothermal Heat Pumps: $1,500/unit

Incentive Type: Rebate Program

Website: nobleremc.com

Incentive Amount:

Dual Fuel Heat Pump: $500
Variable Speed Pool Pump: $250
Air-Source Heat Pump: $250-$750
Ground Source Heat Pump: $1500
Heat Pump Water Heater: $400

Incentive Type: Feed-in Tariff

Website: nipsco.com

Incentive Amount:

Wind 3 - 10 kW: $0.23 - $0.25/kWh
Wind 10 kW-200 kW: $0.15 - $0.138/kWh
Solar 5 kW - 10 kW: $0.17 - $0.1564/kWh
Solar 10 - 200 kW: $0.15/kWh - $0.138/kWh
Biomass 100kW - 1 MW: $0.0918/kWh

Incentive Type: Rebate Program

Website: duke-energy.com

Incentive Amount:

HVAC Install (Heat Pumps, Geothermal Heat Pumps, Central Air Conditioners): $300 - $400/unit with additional $125 if installed along with a smart thermostat
Heat Pump Water Heater: $350
Attic Insulation and Air Sealing: $250/unit
Duct Sealing: $100/unit
Variable Speed Pool Pump: $300

Incentive Type: Rebate Program

Website: electricideas.com

Incentive Amount:

Wi-Fi/Smart Thermostat: $50-$100
Air Source Heat Pump: $100 - $200/ton
Ductless Heat Pump/Mini Split: $80 - $285/ton
Geothermal Heat Pump: $120-$240/ton
Packaged Terminal Heat Pump: $100-$250
ECM Furnace Fan Motor: $100
Heat Pump Water Heater: $350
Variable Speed Pool Pumps: $200
Dehumidifier: $25

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Anderson

Choosing a company is the first step toward an effective and valuable solar system. Consider each of these elements in your contractor search.

Licensing and Training

In Indiana, there are no electrical or solar contracting licenses at the state level, though local communities might adopt their own licensing programs. Solar companies can also earn certifications from standards organizations and trade groups. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Anderson

Your solar modules' model will affect how much energy you can produce. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can maximize your solar system's performance. Not all solar companies offer these additional features, so look for a company that sells them if it's important for you.

Generally speaking, it costs about $20,500 for a five-kilowatt solar array in Anderson. This table displays more specific pricing information for different solar panel types and system components in your area.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,122
Solar Polycrystalline$875
Thin-Film$512
Solar Battery$718
Solar Home EV Charger$2,693

Financing Solar Energy in Anderson

Solar providers use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar loans and solar leases. Most solar experts recommend a cash payment or using a solar loan. Cash payments demand a large up-front sum, but they help you avoid paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a car or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with a company that offers multiple financing options. Talk to each agent about what's available, and get more than one estimate for the best odds of staying within your financial plan.

The table below lists the average payback periods for different capacities of solar systems in Anderson.

The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.

Solar System CapacityEstimated Payback period
1 kW2.1 years
2 kW4.1 years
5 kW10.4 years
10 kW20.7 years

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Frequently Asked Questions About Solar in Anderson

How much energy and money could I save per year by switching to solar?

On average, Anderson homeowners spend approximately $1,513 per year on electric bills. Once you pay off your solar array, you could save $894.34 for every kilowatt you produce.

How common is solar energy in Anderson?

Yes, solar energy is spreading quickly in Anderson. Some homes already generate solar power on-site or through utility grids, and they're backed by a state solar economy with 3600 jobs and counting.

Should I expect a property value increase after going solar?

Yes, solar panels will raise your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

What's a Anderson solar panel's average lifespan?

Today's solar systems are remarkably durable, lasting up to 25 years. Monocrystalline options and other premium models tend to last longer than less expensive models.

What size should my new Anderson solar system be?

A typical Anderson solar home has a 8.9-kW panel array, but you might need a smaller system if your energy needs are more demanding. Solar contractors will consider your property's power usage and roof shading to recommend the appropriate system for you.

What is the average payback period for Anderson solar panels?

The average payback period for a solar loan in Anderson is 16.0 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How are traditional solar loans and PPAs different?

A power purchase agreement is an agreement between you and your installer. They install, own, and maintain the panels, and you buy the generated electricity from them for 10–25 years. There will usually be options to extend the agreement and buy out early to own your system.

In contrast, solar loans can come from local banks, the government, installer and specialty lenders. You'll need to pass a credit check to qualify for most of them. While the upfront costs are higher, and you'll be responsible for maintenance, you'll also have full ownership rights and can apply for many more incentives.

Should I get quotes from multiple Anderson solar companies?

It's wise to obtain three or more estimates before committing to a single solar provider. This allows you to evaluate pricing, product quality, customer feedback, and warranty options. It also lets you assess a provider's reliability, responsiveness and knowledge, all of which are "green flags".

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources