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Best 4 Solar Companies in West Lafayette, IN

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

With West Lafayette's clear skies and below-average rainfall, it's an ideal area for homeowners and businesses looking to harness the added sunlight. While going solar comes with upfront costs, local homeowners could ultimately save $940 per kilowatt on their electric bills. A professional installer can help you select the best panels to maximize your savings. On this page, we'll show you West Lafayette's leading solar companies and give expert 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 West Lafayette Solar Companies

Green Alternatives Inc. Logo

Green Alternatives

4.1/5
Based on 19 customer reviews.

Services Offered

Battery Storage Cleaning And Maintenance Panel Installation

Highlights

  • Free quotes
  • Informative resources
  • Clear pricing policy
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

Battery Storage Panel Installation Tesla Powerwall Financing Assistance

Highlights

  • Prompt service delivery
  • Reliable customer support
  • 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

Consultation Panel Installation Cleaning And Maintenance Skilled Repairs

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Free quotes
7735 Winton Dr, Indianapolis, IN 317-873-6005 bonedry.solar

Ranking Methodology

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

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Facts about West Lafayette
Average Max Temp: 60°F
Solar Payback Period: 10.4 years
Average Daily Sunlight: 53%
Homes Powered by Solar: 518
Average Annual Energy Bill: $1,418
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 advantages. Let's look at a few of them.

  • Better energy independence: Photovoltaic systems with battery storage operate through power outages and emergencies, and you won't have to rely on your power company for your safety and comfort.
  • Lowered energy bills: Solar panels allow you to generate your own energy to power your home, decreasing your monthly electricity costs. You can eliminate your bills completely if you go off-grid.
  • Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.

What Solar Incentives Are Available to West Lafayette Homeowners?

The state of Indiana offers multiple solar incentives to help reduce your solar system costs. Check out a breakdown of available 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: Rebate Program

Website: tipmont.org

Incentive Amount:

Sense Home Energy Monitor: $75
Nest Thermostat: up to $50
Electric Water Heater: $50 - $100

Incentive Type: Rebate Program

Website: cwremc.com

Incentive Amount:

Air Source Heat Pump: $300/unit
Geothermal Heat Pump: $500/unit
Contractor Incentive: $150

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 West Lafayette

The purchase price and effectiveness of solar panels often depend on the solar company that installed them. Consider each of these factors in your contractor search.

Licensing and Training

Indiana does not issue electrical or solar contracting licenses at the state level, but 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 West Lafayette

The kind of solar panels you choose determines how much power you can produce. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.

If you'd like to charge an electric vehicle (EV) or use your solar power in inclement weather, you can pay extra for add-ons. By selecting the right components, you can make your panel array more efficient and convenient to use. Not every solar contractor offers these optional components, so look for a company that sells them if it's important for you.

You can expect to pay about $20,500 on average for a five-kilowatt solar energy system in West Lafayette. Check the table in this section to get an idea of what amount West Lafayette solar companies might quote for your specific system.

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

Financing Solar Energy in West Lafayette

Choosing the ideal financing solution will affect your overall solar system cost and potential savings. Common payment options include power purchase agreements, loans, cash payments, and leases. 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 next best option. As with a car or home loan, 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 allow you to use your panels for a set monthly rate, while PPAs let you pay only for the energy you use, akin 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. We suggest working with a company that offers multiple financing options. Speak with each consultant about what's available, and secure more than one estimate for the best odds of keeping within your financial plan.

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

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 Capacity Estimated Payback period
1 kW 2.1 years
2 kW 4.1 years
5 kW 10.4 years
10 kW 20.7 years

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Frequently Asked Questions About Solar in West Lafayette

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

On average, West Lafayette homeowners spend approximately $1,418 per year for energy. Once you repay your solar array, you could reduce your costs by $940.19 per kilowatt you produce.

How prevalent is solar energy in West Lafayette?

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

Will solar panels boost my West Lafayette home value?

Yes, solar energy systems will boost your property value. According to the National Renewable Energy Laboratory, for every dollar you save on energy bills, your home value increases 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 rainy

A solar setup could still operate in bad weather. Your provider will position your panels to absorb the most sunlight possible. They might also recommend a battery backup system to keep your system functioning at its best.

What's the average solar system size in West Lafayette?

The average West Lafayette solar system size is 8.9 kilowatts (kW). However, your final system size depends on your household's electricity usage. Your panel model, surrounding shading, and roof size could also impact your final result. A professional solar company will consider these factors and determine the right system size for your home.

What is the average payback period for West Lafayette solar panels?

Most West Lafayette homeowners pay back a solar loan in 15.3 years. You can shorten the payback period by paying off extra loan principal each month.

Should I get quotes from multiple West Lafayette solar companies?

It's wise to gather at least three different estimates before committing to a single solar company. This lets you evaluate warranty options, product quality, pricing, and customer feedback. It also helps you assess a company's responsiveness, reliability and knowledge, all of which are "green flags".

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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