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Best 4 Solar Companies in Fishers, IN

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

Fishers homeowners are lucky to live in abundant sunlight, both to bask in and use for energy. If you're thinking about going solar, you might be anxious about costly initial investments. By working with a professional installer, you'll have both the monetary and technical support you need for a successful transition. On this page, we'll show you Fishers' leading solar companies and provide expert advice for your solar journey.

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 Fishers Solar Companies

Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Battery Storage Tesla Powerwall Financing Assistance Panel Installation

Highlights

  • Reliable customer support
  • Free quotes
  • 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

Panel Installation Cleaning And Maintenance Consultation Skilled Repairs

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Informative resources
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 Storage Panel Installation Cleaning And Maintenance

Highlights

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

Ranking Methodology

We reviewed dozens of Fishers solar installers, using the following criteria to select the top-notch:

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Facts about Fishers
Average Max Temp: 60°F
Solar Payback Period: 10.4 years
Average Daily Sunlight: 52%
Homes Powered by Solar: 975
Average Annual Energy Bill: $1,290
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 numerous advantages that will enhance your home for years to come.

  • Better energy independence: Adding a battery backup lets you have trustworthy energy during storms and grid outages.
  • Reduced carbon footprint: Using clean solar power lowers your dependence on conventional, less environmentally-friendly sources.
  • Lowered energy bills: With solar energy systems, you generate power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid.

What Solar Incentives Are Available to Fishers Homeowners?

The state of Indiana offers a range of solar incentives to help lower your solar system costs. Below is a breakdown of available 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 Fishers

The cost and efficacy of solar panels often rely on the provider that mounted them. Consider each of these criteria in your service provider search.

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 earn certificates from trade groups and standards organizations. The most prestigious 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 Fishers

The type of solar panels you choose dictates how much power you can generate. Monocrystalline panels cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can boost your solar system's performance. Not all solar providers include these add-ons, so look for a company that installs them if it's a priority for you.

If you're a resident of Fishers and are considering getting a five-kilowatt solar energy system, you could plan to spend about $20,500 for materials and labor. See 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 Fishers

Solar installers use multiple different financing options to increase your savings and lower your costs. 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 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 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.

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 Fishers

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

Most Fishers homeowners spend about $1,290 on energy each year. Your costs could drop by $870.18 for each kilowatt you generate after you pay off a solar array.

How popular is solar energy in Fishers?

Yes, solar energy is readily available in Fishers. A growing number of local homes are already using solar power on-site or through utility grids, and Indiana has about 3600 jobs making up its solar economy.

Will solar panels improve my Fishers home price?

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 increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

What can I do to calculate my home's solar potential?

One common way to determine your home's solar viability is by using PVWatts. This powerful free tool considers local weather and topography, tree cover, system size, and panel efficiency to determine how much electricity your array could generate. However, it's not a substitute for consulting with a local solar installation company, who can build a full estimate with the most updated data.

What is a Fishers 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 work longer than cheaper models.

What is the average payback period for Fishers solar panels?

The average payback period for a solar loan in Fishers is 16.5 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What is "net metering," and how does it work?

Net metering is a billing mechanism that credits solar homeowners for any excess electricity they generate and feed back to the grid.

Some states or utilities mandate you to join net metering when installing your solar system, while others give you a choice. Either way, once you join, you'll receive a check or bill credit for your excess generation at a retail or wholesale rate.

How are traditional solar loans and PPAs different?

The main differences between a PPA and traditional financing are that you pay a fluctuating monthly rate based on your energy usage and don't own your system. Your service provider installs and maintains the panels, and you pay for the generated electricity for 10–25 years. Afterward, you can continue the contract or buy the system.

You might look into a PPA if you don’t want to be responsible for maintaining your panels and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any cost-saving solar incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.

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