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6 Best Solar Companies in Indianapolis, IN

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Written By David Cusick

Last Updated February 2024

A new solar energy system could give you a renewable power source that will pay for itself in time. Adopting solar energy can reduce your monthly energy expenses and shrink your carbon output. Before you begin the process, you want to make sure you find a trustworthy installer. Luckily, we've reviewed the options and created a guide to the best and most dependable solar installation companies in Indianapolis.

Our Recommended Providers

Best Overall
4.7/5
  • High-quality Maxeon solar panels
  • Nearly 30 years in business
  • Great customer service
Best Financing Options
4.3/5
  • BluePower Plus+ financing program
  • Good selection of quality panels
  • Most affordable options

Top 6 Best Solar Companies in Indianapolis

Blue Raven Solar

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3901 W 86th St Unit 124, Indianapolis, IN 46268 (855) 912-3219 blueravensolar.com

Free quotes

Reliable customer support

Clear pricing policy

Informative resources

Services Offered

Solar panel upgrades
Skilled repairs
Cleaning
Off-grid solar systems
Permit assistance
Financing assistance
Residential panels
Battery storage
Maintenance

Bone Dry Solar

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7735 Winton Dr, Indianapolis, IN 46268 (317) 873-6005 bonedry.solar

Clear pricing policy

Free quotes

Family-operated business

Reliable customer support

Informative resources

Services Offered

Residential panels
Skilled repairs
Tailored solutions
Expert panel installation
Home installations
Integrated roofing
Business installations

Solar Energy Solutions

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7966 Zionsville Rd, Indianapolis, IN 46268 (812) 226-4688 sesre.com

Prompt service delivery

Free quotes

Clear pricing policy

Reliable customer support

Informative resources

Services Offered

Residential panels
Financing assistance
Commercial panels
Tesla powerwall
Battery storage

Atomic Electric and Solar

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1401 S Madison St, Bloomington, IN 47403 (812) 325-5164 atomicsolarelectric.com

Clear pricing policy

Reliable customer support

Free quotes

Informative resources

Services Offered

Commercial panels
Battery storage
Off-grid solar systems
Residential panels

MPI Solar

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1750 W 17th St, Bloomington, IN 47404 (812) 336-8518 mpisolar.com

Informative resources

Free quotes

Reliable customer support

Services Offered

Financing assistance
Commercial panels
Residential panels

Green Alternatives Inc.

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702 E Columbia St, Flora, IN 46929 (765) 480-4138 solargai.com

Clear pricing policy

Reliable customer support

Informative resources

Free quotes

Services Offered

Commercial panels
Maintenance
Residential panels
Today's Homeowner Ranking Methodology

Today's Homeowner looks at dozens of datapoints on solar companies to come up with our data-driven rankings. It's not possible for a company to pay for preferential treatment in our rankings. We look at the following key factors in determining who should top our list:

  • Company Experience
  • Real User Reviews
  • Company Reputation
  • Accreditations and Licenses
  • Service Area
  • Customer Service
Have questions about our methodology or company ratings? Reach out to FindAPro@TodaysHomeowner.com.

How To Choose a Solar Company

Going solar can be a great way to reduce electricity costs and help the environment by reducing your carbon footprint using renewable energy. Here are some crucial factors to consider when evaluating if a solar installer is reliable.

Check Licensing

Confirm that your solar installer is properly licensed. This helps ensure that the work is done correctly using the most up-to-date installation methods. Indiana does not issue electrical or solar contracting licenses at the state level, though cities and counties might adopt their own licensing programs.

Read Customer Reviews

Check Google Reviews, TrustPilot, the Better Business Bureau (BBB), and other review sites to see what past customers are saying about local solar installers. Detailed reviews can help you assess a provider's reliability and customer service. Avoid providers with few or mainly poor reviews.

Compare Multiple Quotes

Get free, detailed quotes from three to five solar companies. The quotes should outline all costs and identify the exact solar parts included. Looking at several quotes can help you find the most cost-effective option.

Ask About the Warranty

High-quality solar installations should come with robust workmanship and performance warranties. The workmanship guarantee covers any installation issues like cracks in the panels, poor alignment, or poor wiring. The output guarantee ensures an energy generation baseline. Strong warranties reflect a solar provider's faith in its installations.

Evaluate Financing and Incentives

Installing solar panels can help reduce your electric bills over time. When considering the total price and value of solar panels, be sure to consider these factors.

  • Research federal and state tax credits: A 26% federal tax credit for solar the applies to the full system cost is available through 2032. Many states also offer incentives. These credits offer substantial savings for solar buyers.
  • Compare system purchase options: Solar panels may be paid for upfront or financed through loans or leases. Check important financing details such as annual percentage rate (APR), fees, payment schedule, and ownership implications when financing your solar system.
  • Look into utility rebates: Some energy providers may provide additional discounts to motivate homeowners to adopt solar power. Check the requirements and the rebate amounts offered by your local electric provider to determine the possible savings.

Cost of Solar Installation in Indianapolis

In Indianapolis, solar panels cost an average of $4,100 per kilowatt, with an average system size of 8.8 kilowatts. The typical Indianapolis homeowner spends $25,331 on their solar array after federal tax refunds. An estimate from a local provider will take into account additional information reflecting your desired system's panel type, capacity, required preliminary work, and size. In some cases, homeowners may prefer to lease solar panels to reduce upfront costs.

Indianapolis Solar Incentives Guide

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: Green Building Incentive

Website: indy.gov

Incentive Amount:

30%-50% reduction in permit fees

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: 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: 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: 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: 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: 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: 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: 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.

Frequently Asked Questions About Solar in Indianapolis, IN

A solar photovoltaic (PV) array can generate power to run any electric appliance or system in your home. If you don't want to use solar power for your entire home, you can install a solar heating system for your water.

There are many benefits to home solar energy. You can save money, reduce emissions, and raise your property values. With the right storage equipment, solar panels can also provide you with additional energy security and offer some protection from power outages.

It depends on your home's location and what type of panels you're installing. Since there's a moderate amount of snowfall in Indianapolis, your best time to get solar is in the spring and fall.

Generally speaking, your energy bills will decrease significantly after you install solar panels. This is because you're using the energy you generate for free rather than buying it from your power company. In Indianapolis, the average amount someone can save is $1,542 per year. With net metering programs offered by many utilities, you could ultimately make a profit from your system after the payback period concludes.

Your payback period is the time to earn a net profit from your solar panels. It will vary based on the average sunlight in your area, their rated capacity, and the rate your utility charges per kilowatt of power. Indianapolis gets quite a bit of sunlight per day, so an average payback period could last up to 16.4 years per 5 kW of capacity.

The specific required maintenance steps will vary based on the type of solar panels you have. With any system, you should clean and inspect each panel once a quarter. Your solar energy company might offer comprehensive plans where they'll do the maintenance on your behalf.

Net metering is a power purchasing policy that allows solar energy system owners to receive compensation for the amount of energy they put back into the grid. It's available in most states and is a great way to reduce energy costs.

While solar energy is an ideal option for many, it might not be ideal for homeowners in wet, dark areas. In these cases, a contractor might recommend other forms of renewable energy, such as wind or geothermal power, as a primary source. It is also important to speak to a qualified installer to determine if their solar system is compatible with the climate and environment of your area. Even if you choose a different form of renewable energy altogether, you'll still help the environment and could still qualify for distributed generation or other money-saving programs.

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