Best 4 Solar Companies in Greenwood, IN

How To Choose the Best Solar Company in Greenwood

The cost and effectiveness of solar panels often rely on which company installed them. Here are some crucial criteria to consider while searching for a solar provider.

Licensing and Training

Indiana does not issue 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 credentials. Two of the most respected are the Solar Heating Installer and PV Installation Professional certificates, granted 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 Greenwood

Your solar panels' type will affect how much energy you can produce. Monocrystalline panels are among the highest quality and cost the most but perform the best. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.

If you want to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By choosing the right components, you can make your system more efficient and user-friendly. Not every solar provider offers these add-ons, so look for a contractor that installs them if it's crucial for you.

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

Financing Solar Energy in Greenwood

Choosing the ideal financing solution will affect your overall solar system cost and possible savings. Common payment options include loans, leases, cash payments, and power purchase agreements. Most solar experts recommend paying cash or using a solar loan. Cash payments require 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 as little as $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, akin to an electric bill. We typically don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. Look for providers that offer multiple payment plans to find the right fit for your pocket.

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

A 26% federal solar tax credit applies to new home solar systems purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.