Best 4 Solar Companies in Fishers, IN

How To Choose the Best Solar Company in Fishers

The price and effectiveness of solar panels often rely on the provider 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 companies can also pursue 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 Fishers

Your solar panels' style will affect how much power you can generate. Monocrystalline panels are among the highest quality and perform the best but cost the most. Polycrystalline panels generate less, but they're a great traditional option for low budgets. 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 electric car (EV) chargers and battery backup systems. These will increase your total installation cost, but they can enhance your solar system's efficiency. Not every solar company includes these add-ons, so look for a company that installs them if it's crucial for you.

If you're a resident of Fishers and are looking into a five-kilowatt solar energy system, you could expect to pay about $20,500 for parts and installation. See more information on specific component and solar panel costs in the table.

Financing Solar Energy in Fishers

Solar contractors use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar leases, solar loans and cash payments. Most solar experts recommend paying cash 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 solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like an auto or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to use your panels for a set monthly rate, while PPAs let you pay just for the energy you use, akin to 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 installers that offer multiple payment plans to find the right fit for your budget.

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

You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own rebates and financing plans that could reduce your total cost even more.