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Best 4 Solar Companies in Greenwood, IN

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  • Written by
    Max Peterson
  • Fact Checked
  • Updated

Greenwood homeowners are fortunate to live in ample sunlight, both to appreciate and use for energy. Many are hiring top solar installers to get panels on their roofs. While going solar comes with upfront costs, local homeowners could ultimately save $960 per kilowatt on their electric bills. A professional company can help you choose the best panels to maximize your savings. Discover Greenwood's top-rated solar companies and learn essential decision-making advice on this page.

Most Reputable
Blue Raven Solar logo
4.4/5

Ratings are based on our detailed proprietary methodology and review standards.

  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies

4 Best Solar Companies in Greenwood

Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.

Featured Partner
Blue Raven Solar Logo
Top Rated

Blue Raven Solar

4.7/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 311 reviews


3901 W 86th St Unit 124, Indianapolis, IN 46268

(855) 912-3219

blueravensolar.com
Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 19 reviews


7966 Zionsville Rd, Indianapolis, IN 46268

(812) 226-4688

www.sesre.com

Bone Dry Solar

4.5/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 35 reviews


7735 Winton Dr, Indianapolis, IN 46268

(317) 873-6005

www.bonedry.solar

Atomic Electric and Solar

4.4/5

Ratings are based on our detailed proprietary methodology and review standards.

Based on 41 reviews


1401 S Madison St, Bloomington, IN 47403

(812) 325-5164

www.atomicsolarelectric.com

Ranking Methodology

Our team has thoroughly vetted dozens of solar installers near Greenwood, focusing on the following criteria:

  • Customer reviews and feedback: Most Greenwood solar contractors have both positive and critical reviews. However, a good review ratio reflects a company's dependability and responsiveness to issues.
  • Panel brands and quality: The best solar companies stay up-to-date with new technology, providing equipment from reliable, innovative manufacturers.
  • Certifications and credentials: Each installer on our list complies with state and city licensing requirements and keeps current with industry best practices. Many of them have served the Greenwood community for a decade or longer.
  • Educational approach and support: Solar technicians must be good teachers. They should utilize their years of experience answer your questions on how to care for your system and improve its performance.
  • Warranty and service offerings: Solar providers should stand behind their systems and services with warranties. We evaluated how each company responds to issues and warranty claims, focusing on promptness and customer happiness.

Facts about Greenwood

  • Average Max Temperature:
    61°F
  • Solar Payback Period:
    15 years
  • Average Daily Sunlight:
    53%
  • Homes Powered by Solar:
    606
  • Average Annual Energy Bill:
    $1,298
  • Solar Power per Capita:
    7.2%

Benefits of Solar Energy

Solar energy offers numerous advantages that will enhance your home for years to come.

  • Better energy independence: Adding a battery storage system lets you have reliable energy during grid outages and storms.
  • Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can reduce or eliminate your home's dependence on "traditional" sources.
  • Lowered energy bills: You can avoid the premium cost of grid-tied power by producing some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back to credit part of your bill.

What Solar Incentives Are Available to Greenwood Homeowners?

Governments and power companies often incentivize homeowners for going solar. Here are some of the tax credits, rebates, or other programs you could qualify for.

Incentive Type:Property Tax Incentive

Website:https://www.in.gov/dlgf/deductions-property-tax/

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

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.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,122
Solar Polycrystalline$875
Thin-Film$512
Solar Battery$718
Solar Home EV Charger$2,693

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.

Solar System CapacityEstimated Payback period
1 kW2.1 years
2 kW4.1 years
5 kW10.4 years
10 kW20.7 years

Frequently Asked Questions about Solar in Greenwood

Sources

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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