We may be compensated if you purchase through links on our website. Our Reviews Team is committed to delivering honest, objective, and independent reviews on home products and services. More

Best 5 Solar Companies in Indianapolis, IN

Get matched with a top local pro
Join the 10,601 people who have received a free, no-obligation quote in the last 30 days
  1. Home
  2. Find Local Pros
  3. Solar Near Me
  4. Indiana
  5. Indianapolis
  6. Indianapolis Solar
Written By Max Peterson | Last Updated: February 05, 2024

With Indianapolis' clear skies and below-average rainfall, it's an excellent area for homeowners and businesses hoping to harness the extra sunlight. If you live in one of the area's many old homes, you might question whether your electrical system would accommodate solar panels. However, new innovations and experienced installers can help these homeowners access renewable, clean power. In this guide, we'll highlight Indianapolis' best solar companies and offer advice for your company choice, so you can find the perfect one for your household.

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 Indianapolis Solar Companies

Jefferson Electric of Greater Indianapolis, Serving Indiana Logo

Jefferson Electric of Greater Indianapolis, Serving Indiana

4.6/5
Based on 46 customer reviews.

Services Offered

Maintenance Residential Panels Off-Grid Solar Systems Skilled Repairs Consultation Ev Charger Solar Panel Upgrades Emergency Services Tesla Powerwall Battery Storage Commercial Panels Cleaning

Highlights

  • Prompt service delivery
  • Clear pricing policy
  • Reliable customer support
2950 E Hanna Ave, Indianapolis, IN 317-418-3917 jeffersonelectricllc.com
GRNE Solar Logo

GRNE Solar

4.4/5
Based on 21 customer reviews.

Services Offered

Maintenance Commercial Panels Ev Charger Off-Grid Solar Systems Battery Storage Consultation Financing Assistance Residential Panels Full-Service

Highlights

  • Free quotes
  • Clear pricing policy
  • Reliable customer support
7718 N Michigan Rd, Indianapolis, IN 317-662-0013 grnesolar.com
Atomic Electric and Solar Logo

Atomic Electric and Solar

4.4/5
Based on 38 customer reviews.

Services Offered

Residential Panels Off-Grid Solar Systems Commercial Panels Battery Storage

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
1401 S Madison St, Bloomington, IN 812-325-5164 atomicsolarelectric.com
Whole Sun Designs Inc Logo

Whole Sun Designs

4.6/5
Based on 19 customer reviews.

Services Offered

Residential Panels Maintenance Commercial Panels

Highlights

  • Clear pricing policy
  • Reliable customer support
  • Informative resources
5233 S Old Indiana 37, Bloomington, IN 812-550-1251 wholesundesigns.com

More Local Solar Companies

Green Alternatives Inc.

User Reviews: 4.1/5 

702 E Columbia St
Flora, IN 46929

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

Ranking Methodology

We assessed a multitude of Indianapolis solar installers, using the following criteria to select the finest:

Get Your Solar Project Quote Today

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Facts about Indianapolis
Average Max Temp: 61°F
Solar Payback Period: 10.4 years
Average Daily Sunlight: 53%
Homes Powered by Solar: 8,921
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 has multiple advantages that will enhance your home for years to come.

  • Reduced energy costs: Generating some or all of your own power will cut power costs long-term.
  • Reduced carbon footprint: The sun is the universe's most abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.
  • Better energy independence: Solar systems with energy storage operate through power outages and emergencies, and you won't have to depend on the grid for your safety and comfort.

What Solar Incentives Are Available to Indianapolis Homeowners?

Indiana's public agencies and power companies offer several solar incentives to help reduce your solar system costs. Check out a breakdown of eligible 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: rse.coop

Incentive Amount:

Geothermal Heat Pump: $1,500
Mini-Split Heat Pump: $300-$1,500
Heat Pump/Hybrid Water Heater: $500
Single Speed Compressor: $800
Dual/Variable Speed Compressor: $750 - $1,500
HVAC Tune-Up: 50% of cost
Lighting: Varies

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: sciremc.com

Incentive Amount:

Heat Pump Water Heater: $500
Geothermal Heat Pump: $1,500
Air-Source, Ductless Mini Split, or Dual Fuel Heat Pump with Dual/Variable Speed Compressor: $750
Air-Source, Ductless Mini Split, or Dual Fuel Heat Pump with Single Speed Compressor Replacing Electric Resistance Heat: $800
Air-Source, Ductless Mini Split, or Dual Fuel Heat Pump with Dual/Variable Speed Compressor Replacing Electric Resistance Heat: $1,500

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: jcremc.com

Incentive Amount:

Air Source Heat Pumps: $750/unit - $1,500/unit
Geothermal Heat Pumps: $1,500/unit
Heat Pump Water Heater: $500/unit
Mini-Split ductless Heat Pump: $750/unit - $1500/unit
Lighting: Instant rebates through online lighting store (small businesses, farms, or workshops)

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: Green Building Incentive

Website: indy.gov

Incentive Amount:

30%-50% reduction in permit fees

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 Indianapolis

Choosing a company is the first step toward a well-oiled and valuable solar system. Consider all of these aspects in your company search.

Licensing and Training

In Indiana, there are no electrical or solar contracting licenses at the state level, though localities might adopt their own licensing programs. You should also visit a company's website to learn about its private credentials. Two of the most recognized 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 Indianapolis

The type of solar panels you select decides how much energy you can produce. 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 the best for large residential installations, but they are excellent accessories for non-traditional roofs.

You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can improve your solar system's efficiency. Not all solar companies provide these extras, so look for a contractor that sells them if it's a priority for you.

Most Indianapolis homeowners choose solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $20,500 to install, considering both materials and labor. You can find more specific cost information in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,144
Solar Polycrystalline $893
Thin-Film $522
Solar Battery $732
Solar Home EV Charger $2,746

Financing Solar Energy in Indianapolis

Solar companies use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, solar leases, solar loans and power purchase agreements (PPAs). Though it requires a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put 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, like 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. We advise working with a company that offers multiple financing options. Talk to each salesperson about what's available, and secure more than one estimate for the best odds of staying within your budget.

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

You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities 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

Ready to Get a Quote on Your Solar Project?

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Frequently Asked Questions About Solar in Indianapolis

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

On average, Indianapolis homeowners pay around $1,285 per year on electric bills. Once you repay your solar array, you could save $873.51 for every kilowatt you produce.

How prevalent is solar energy in Indianapolis?

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

Will a solar PV system improve my Indianapolis home price?

Yes, new solar systems lead 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.

How can I check my home's solar suitability?

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

How do I care for my new solar system?

To preserve your solar system's efficiency, inspections and cleanings every six months are usually sufficient. In dusty or dry seasons, your panels might need cleanings every few months. Your installer can recommend a maintenance schedule. Its team could also tackle the cleaning for you.

What size should my new Indianapolis solar system be?

A typical Indianapolis solar home uses a 8.8-kW panel array, but you might need a smaller system if your energy needs are more demanding. Solar professionals will consider your property's power usage and roof shading to determine the right system for you.

What are the signs I shouldn't use a particular solar company for my job?

Even the most respected Indianapolis solar companies will have both supportive and unfavorable reviews. To make the most informed choice possible, focus on these signs to know if a company isn't worth your attention:
  • High-pressure sales tactics
  • Being evasive about training and credentials, warranties, references and cost
  • "One-size-fits-all" approach
  • Not thoroughly inspecting your site
  • Limited online information

How are a solar lease and PPA different?

After you sign a PPA, your solar provider will not charge to install or maintain your new panel array. Instead, you'll pay them only for the electricity you generate. Typically, PPAs last for 10–25 years or until you "buy out" of the contract.

If you choose a lease, you'll make set monthly payments.

With both leases and PPAs, you do not own your panels and lose eligibility for most incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.

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

Sources