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Best 4 Solar Companies in Kokomo, IN

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

With Kokomo's clear skies and little rainfall, it's an ideal area for homeowners and businesses looking to harness the additional sunlight. While switching to solar energy comes with upfront costs, local homeowners could ultimately save $920 per kilowatt on their electric bills. A professional installation team can help you choose the best panels to maximize your savings. In this article, we'll show you Kokomo's best solar companies and offer tips for your company choice, so you can find the perfect one for your home.

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 Kokomo Solar Companies

Green Alternatives Inc. Logo

Green Alternatives

4.1/5
Based on 19 customer reviews.

Services Offered

Battery StoragePanel InstallationCleaning And Maintenance

Highlights

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

Solar Energy Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Financing AssistancePanel InstallationBattery StorageTesla Powerwall

Highlights

  • Reliable customer support
  • Clear pricing policy
  • 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

Cleaning And MaintenancePanel InstallationConsultationSkilled Repairs

Highlights

  • Family-operated business
  • Informative resources
  • Free quotes
7735 Winton Dr, Indianapolis, IN 317-873-6005 bonedry.solar

Ranking Methodology

Our team has carefully researched dozens of solar providers near Kokomo, with emphasis on the following criteria:

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Facts about Kokomo
Average Max Temp:60°F
Solar Payback Period:10.4 years
Average Daily Sunlight:53%
Homes Powered by Solar:585
Average Annual Energy Bill:$1,326
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 multiple perks. Here are some highlights.

  • Lowered energy bills: Solar panels let you generate your own energy to power your home, decreasing your regular electricity costs. You can eliminate your bills completely if you go off-grid.
  • Better energy independence: Solar systems with battery storage function through power outages and emergencies, and you won't have to depend on the grid for your safety and comfort.
  • Reduced carbon footprint: Solar is one of the universe's most abundant clean energy sources, meaning you can minimize or conquer your home's dependence on fossil fuels.

What Solar Incentives Are Available to Kokomo Homeowners?

Indiana agencies and electric companies offer a range of solar incentives to help lower your solar system costs. Below is a breakdown of relevant 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: 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: 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: 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 Kokomo

The more comprehensive your provider search is, the better your solar system will ultimately work. Make your choice based on the following vital factors.

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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Kokomo

Your photovoltaic panels' model will impact how much electricity you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.

You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can maximize your solar system's efficiency. Not every solar provider offers these additional features, so look for a company 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 Kokomo. Use the table in this section to get an idea of how much Kokomo solar companies might quote for your specific system.

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 Kokomo

Solar providers offer 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), cash payments, solar leases and solar loans. Though it requires a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the second most effective option. As with a car or home loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you rent your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, similar 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 companies that offer several payment plans to find the right fit for your wallet.

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

A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Extra incentives may be available through local 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

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Frequently Asked Questions About Solar in Kokomo

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

On average, Kokomo homeowners shell out roughly $1,326 per year on electric bills. Once you repay your solar array, you could reduce your costs by $918.65 per kilowatt you produce.

How common is solar energy in Kokomo?

Yes, solar energy is spreading quickly in Kokomo. Some homes already benefit from solar power on-site or through utility grids, and they're backed by a state solar economy with 3600 workers and counting.

Should I anticipate a property value increase after going solar?

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 boost your property value by $12,000.

Is solar installation a quick job?

There's no universal answer for how long a solar project might take. Ultimately, it depends on the necessary prework, the permitting and inspection process, panel style, local weather, and system size. Most homeowners can be solar-ready within two months from their initial estimate visit.

How do I care for my new solar system?

To protect your solar system's performance, inspections and cleanings every six months are usually enough. In dry or dusty seasons, your panels might need cleanings every one to two months. Your installer can recommend a maintenance schedule. Its team could also handle the cleaning for you.

How long does it take to pay back a solar loan in Kokomo?

The average payback period for a solar loan in Kokomo is 15.6 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?

Most utilities and states administrate net metering programs, and some mandate homeowners to join. Once you enroll, you can get a check or bill credit for any surplus electricity you generate and send to the grid. Generally, power companies reimburse solar homeowners at a wholesale or "avoided-cost" rate.

What are some "red flags" to watch for as I research companies?

While many online reviews are positive, even the best solar providers might have critical feedback. You should know these early red flags for the best chances of a well-done job:
  • Pushy sales approach
  • Being evasive about references, cost, warranties and credentials and training
  • Inflexible options
  • Rushing through the site assessment
  • More mixed or negative reviews than positive ones

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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