Best 4 Solar Companies in Anderson, IN

How To Choose the Best Solar Company in Anderson

The more thorough your provider search is, the better your solar installation will ultimately operate. Consider each of these factors in your business search.

Licensing and Training

In Indiana, there are no electrical or solar contracting licenses at the state level, but local communities might adopt their own licensing programs. You should also visit a company's website to learn about its private accreditations. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Anderson

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can improve your solar system's performance. Not all solar providers include these additional features, so look for a provider that sells them if it's crucial for you.

You can plan to spend about $20,500 on average for a five-kilowatt solar energy system in Anderson. Check the table in this section to get an idea of what amount Anderson solar companies might quote for your specific solar system's price.

Financing Solar Energy in Anderson

There are numerous ways to pay for new solar panels, and the right one will help you decrease overhead. A few of the most common options include power purchase agreements (PPAs), cash payments, leases, and loans. We suggest paying with cash or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, as with an electric bill. We typically don’t recommend these two choices because you won't own the panels and cannot use solar incentives. Ask each installer you're evaluating about the financing options it offers. A salesperson can help you determine the best option for your pocketbook.

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

You are eligible for a 26% federal solar tax credit for new solar energy equipment until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and unique financing solutions that could save you more.