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  • Written by
    Max Peterson
  • Fact Checked
  • Updated

Lafayette residents are purposeful about preserving its natural resources and embracing sustainability. That's why many homeowners are purchasing panels from the top solar installers for their homes. While switching to solar energy comes with upfront costs, local homeowners could ultimately save $910 per kilowatt on their electric bills. A professional technician can help you choose the best panels to maximize your savings. On this page, we'll showcase Lafayette's most reputable solar providers and provide insightful advice for your solar journey.

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 Lafayette

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

4.5/5

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

Based on 284 reviews


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

(855) 912-3219

blueravensolar.com
Green Alternatives Inc. Logo

Green Alternatives Inc.

4.1/5

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

Based on 19 reviews


702 E Columbia St, Flora, IN 46929

(765) 480-4138

solargai.com
Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5

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

Based on 17 reviews


7966 Zionsville Rd, Indianapolis, IN 46268

(812) 226-4688

www.sesre.com

Bone Dry Solar

4.4/5

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

Based on 15 reviews


7735 Winton Dr, Indianapolis, IN 46268

(317) 873-6005

www.bonedry.solar

Ranking Methodology

Our team focuses on the following criteria to assess the best Lafayette solar companies.

  • Certifications and licenses: Each provider on our list meets state and city licensing requirements and keeps current with industry best practices. Many of them have served the Lafayette community for a decade or longer.
  • Feedback and reviews from customers: Most Lafayette solar providers have both positive and critical reviews. However, a good review ratio shows a company's dependability and responsiveness to issues.
  • Warranty and service offerings: Solar installers should stand behind their systems and services with warranties. We evaluated how each contractor responds to issues and warranty claims, focusing on timeliness and customer satisfaction.
  • Educational programs and business model: Solar technicians must be knowledgeable. They should utilize their years of experience answer your questions on how to look after your system and improve its performance.
  • Panel quality and brand offerings: The top solar companies stay up-to-date with new technology, providing equipment from innovative, dependable manufacturers.

Facts about Lafayette

  • Average Max Temperature:
    60°F
  • Solar Payback Period:
    16 years
  • Average Daily Sunlight:
    53%
  • Homes Powered by Solar:
    718
  • Average Annual Energy Bill:
    $1,326
  • Solar Power per Capita:
    62.7%

Benefits of Solar Energy

Solar energy provides multiple advantages that will enhance your home for years to come.

  • Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
  • Better energy independence: Solar panel systems with battery storage systems function through blackouts and emergencies, and you won't have to depend on the grid for your safety and well-being.
  • Lowered energy bills: You can dodge the expensive cost of grid-tied power by producing some electricity right where you use it. Plus, many states offer net metering which can allow you to sell your unused energy back for credits on your bill.

What Solar Incentives Are Available to Lafayette Homeowners?

Governments and power companies often incentivize homeowners for switching to solar. Here are some of the rebates, tax credits 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 Lafayette

Choosing a company is the first step toward a well-oiled and cost-efficient solar array. 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 local communities might adopt their own licensing programs. Solar companies can also pursue certifications from standards organizations and trade groups. The most recognized ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Lafayette

Your photovoltaic panels' type will influence how much electricity you can produce. Monocrystalline panels are among the highest quality and 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.

Additional accessories, such as battery storage and electric vehicle (EV) chargers, will raise your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies include these additional features, so look for a provider that installs them if it's essential for you.

If you're a resident of Lafayette and are looking into a five-kilowatt solar energy system, you could expect to pay about $20,500 for parts and installation. See more information on specific component and solar panel costs in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,092.14
Solar Polycrystalline$851.87
Thin-Film$498.02
Solar Battery$698.97
Solar Home EV Charger$2,621.14

Financing Solar Energy in Lafayette

There are a plethora of ways to pay for a solar energy system, and the right one will lower your costs. A few of the most common options include cash payments, leases, loans, and power purchase agreements (PPAs). Though it involves a large up-front payment, cash is the most cost-effective 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 money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to rent your panels for a set 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 don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for providers that offer multiple payment plans to find the right fit for your financial needs.

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

You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and dedicated financing plans that could save you more.

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 Lafayette

Sources

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