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Best 5 Solar Companies in Carmel, IN

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

Carmel homeowners are purposeful about conserving resources and living sustainably. That includes using alternative energy sources like solar. If you live in one of the area's numerous old homes, you might doubt your electrical system would support solar panels. However, new technology and experienced installers can help these homeowners access renewable, clean power. Discover Carmel's top-rated solar companies and learn vital decision-making tips 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 Carmel Solar Companies

Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Battery Storage Panel Installation Tesla Powerwall Financing Assistance

Highlights

  • Free quotes
  • Reliable customer support
  • Informative resources
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

Cleaning And Maintenance Panel Installation Skilled Repairs Consultation

Highlights

  • Reliable customer support
  • Informative resources
  • Family-operated business
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

Cleaning And Maintenance Panel Installation Battery Storage

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
702 E Columbia St, Flora, IN 765-480-4138 solargai.com
Atomic Electric and Solar Logo

Atomic Electric and Solar

4.4/5
Based on 39 customer reviews.

Services Offered

Off-Grid Solar Systems Panel Installation Battery Storage Grid-Tied Solar System

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Free quotes
1401 S Madison St, Bloomington, IN 812-325-5164 atomicsolarelectric.com

Ranking Methodology

We evaluated a multitude of Carmel solar providers, using the following criteria to determine the top-notch:

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Facts about Carmel
Average Max Temp: 60°F
Solar Payback Period: 10.4 years
Average Daily Sunlight: 52%
Homes Powered by Solar: 1,021
Average Annual Energy Bill: $1,285
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 provides multiple advantages that will enhance your home for years to come.

  • Lowered energy bills: You can avoid the expensive cost of grid-tied power by generating some electricity at home.
  • Reduced carbon footprint: Using clean solar power reduces your dependence on fossil fuels, which release greenhouse gases that damage the environment.
  • Better energy independence: Adding a battery backup lets you have trustworthy energy during storms and grid outages.

What Solar Incentives Are Available to Carmel Homeowners?

Governments and utility companies often reward homeowners for switching to solar. Here are some of the tax credits, rebates, or other programs you could qualify for.

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: Rebate Program

Website: powermoves.com

Incentive Amount:

Dual Fuel Heat Pump: $500
Variable Speed Pool Pump: $250
Air-Source Heat Pump: $250 - $750
Geothermal Heat Pump: $1,500
Heat Pump Water Heater: $400/unit
HVAC: Varies depending on ZIP code. See program website

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: 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 Carmel

The price and effectiveness of solar panels often depend on the solar company that mounted them. Make your choice based on the following important considerations.

Licensing and Training

In Indiana, there are no electrical or solar contracting licenses at the state level, but cities and counties might adopt their own licensing programs. Solar providers can also obtain certificates from standards organizations and trade groups. The most respected ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Carmel

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options. Polycrystalline panels provide a lower price point but produce less power. 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.

Additional components, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar contractor offers these add-ons, so look for a contractor that installs them if it's important for you.

If you're a resident of Carmel and want a five-kilowatt solar energy system, you could expect to pay about $20,500 for materials and labor. Find more information on specific component and panel costs in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,153
Solar Polycrystalline $899
Thin-Film $526
Solar Battery $738
Solar Home EV Charger $2,766

Financing Solar Energy in Carmel

There are a plethora of ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include cash payments, leases, power purchase agreements (PPAs), and loans. We advise making a cash payment 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 incentives to cut 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 monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases let you use your panels for a fixed 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. Look for contractors that offer several payment plans to find the right fit for your financial needs.

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

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

Solar System Capacity Estimated Payback period
1 kW 2.1 years
2 kW 4.1 years
5 kW 10.4 years
10 kW 20.7 years

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Frequently Asked Questions About Solar in Carmel

How much money could I save by going solar in Carmel?

On average, Carmel homeowners shell out around $1,285 per year for energy. Once you pay off your solar array, you could save $861.31 for every kilowatt you produce.

Is solar energy common in Carmel?

Yes, solar energy is readily available in Carmel. A growing number of local homes generate or access solar power on-site or through utility grids, and Indiana has about 3600 jobs forming its solar economy.

Will a solar PV system improve my Carmel home worth?

Yes, new solar systems translate to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.

What if I live in a heavily-wooded or dark

Even if your property has high tree cover, you could still use solar energy. Your contractor will maximize your system's performance by choosing the proper site for panels, positioning them to capture the most sunlight throughout the year, installing a battery backup system, and cleaning them regularly. This way, you can store solar power and use it as necessary.

How can I check my property's solar potential?

To determine your home's solar readiness, nothing substitutes for a comprehensive estimate from a local solar contractor. However, you can use the PVWatts tool for a simple solar viability prediction based on public data, including system size, tree cover, local weather and topography, and panel efficiency.

What is the average payback period for Carmel solar panels?

Most Carmel homeowners pay back a solar loan in 16.7 years. You can shorten the payback period by paying off extra loan principal each month.

How many estimates should I get before making a final solar company decision?

Yes, we recommend obtaining free solar quotes from three to five companies. You should review each quote and compare labor fees, prework scope and costs, equipment costs, financing options and warranty details. Ensure each quote presents an itemized financial plan and includes your projected payback period.

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

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