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Best 5 Solar Companies in Lawrence, IN

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

Lawrence homeowners are increasingly using solar panels to generate energy and heat their water. If you're contemplating going solar, you might be worried about high prices or long payback periods. By working with a professional installer, you'll have both the economic and practical support you need for a successful transition. On this page, we'll show you Lawrence's leading solar contractors and offer insightful advice for your solar journey.

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 Lawrence Solar Companies

Solar Energy Solutions Logo

Solar Energy Solutions

4.7/5
Based on 17 customer reviews.

Services Offered

Panel InstallationBattery StorageTesla PowerwallFinancing Assistance

Highlights

  • Free quotes
  • Informative resources
  • Prompt service delivery
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

ConsultationCleaning And MaintenancePanel InstallationSkilled Repairs

Highlights

  • Family-operated business
  • Free quotes
  • Clear pricing policy
7735 Winton Dr, Indianapolis, IN 317-873-6005 bonedry.solar
Atomic Electric and Solar Logo

Atomic Electric and Solar

4.4/5
Based on 39 customer reviews.

Services Offered

Off-Grid Solar SystemsPanel InstallationBattery StorageGrid-Tied Solar System

Highlights

  • Free quotes
  • Clear pricing policy
  • Reliable customer support
1401 S Madison St, Bloomington, IN 812-325-5164 atomicsolarelectric.com
Green Alternatives Inc. Logo

Green Alternatives

4.1/5
Based on 19 customer reviews.

Services Offered

Battery StorageCleaning And MaintenancePanel Installation

Highlights

  • Informative resources
  • Reliable customer support
  • Free quotes
702 E Columbia St, Flora, IN 765-480-4138 solargai.com

Ranking Methodology

We assessed dozens of Lawrence solar installers, using the following criteria to determine the finest:

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Facts about Lawrence
Average Max Temp:61°F
Solar Payback Period:10.4 years
Average Daily Sunlight:53%
Homes Powered by Solar:497
Average Annual Energy Bill:$1,285
Solar Power per Capita Percentile:48.0%

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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 several advantages that will enhance your home for years to come.

  • Better energy independence: Solar panels can keep your home functioning through blackouts and emergencies, giving you additional security. You can use your solar energy anytime with an optional battery storage system.
  • Lowered energy bills: Solar panels let you generate your own energy to power your home, reducing your periodic electricity costs. Going off-grid can eliminate your bills completely.
  • Reduced carbon footprint: Solar is a highly abundant clean energy source, meaning you can minimize or conquer your home's dependence on non-renewable sources.

What Solar Incentives Are Available to Lawrence Homeowners?

Governments and utilities often reward homeowners for adopting solar. Here are some of the rebates, tax credits or other programs you could qualify for.

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: 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: 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: 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: 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 Lawrence

The more thorough your provider search is, the better your solar system will ultimately work. Here are some key items 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. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Lawrence

Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

If you need to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for add-ons. By choosing the right components, you can make your panel array more productive and user-friendly. Not every solar provider includes these optional components, so look for a provider that installs them if it's essential for you.

A majority of Lawrence homeowners opt for solar systems designed for five kilowatts (kW) of electrical capacity. These systems cost about $20,500 to set up, considering both materials and labor. You can see more specific cost information in the table.

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

Financing Solar Energy in Lawrence

Solar companies offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are cash payments, solar leases, solar loans and power purchase agreements (PPAs). We suggest paying with cash or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in specific circumstances. We advise working with an installer that offers multiple financing options. Speak with each salesperson about what's available, and obtain more than one estimate for the best odds of keeping within your spending limits.

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

A 26% federal tax credit applies to new home solar systems 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 Lawrence

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

On average, Lawrence homeowners spend approximately $1,285 per year for energy. Once you pay off your solar array, you could save $875.62 per kilowatt you produce.

How common is solar energy in Lawrence?

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

Will solar energy systems increase my Lawrence home worth?

Yes, a solar PV system will boost your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you save on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

What if I live in a dark or gloomy

A solar system could still operate in dark areas. Your technician will position your panels to absorb the most sunlight possible. They might also recommend a back-up power source to keep your system working at its best.

How long does the solar installation process last?

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

What is the average payback period for Lawrence solar panels?

Most Lawrence homeowners pay back a solar loan in 16.4 years. You can shorten the payback period by paying off extra loan principal each month.

How can I enhance my solar array's performance?

To enhance your solar system's performance, you can use the following strategies:
  • optimize the panels' position with your solar installer
  • regularly clean your solar panels
  • upgrade to a more efficient inverter trim or cut down trees in the way of your panels
  • use energy-efficient appliances

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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