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6 Best Solar Companies in Speedway, IN

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Written By David Cusick

Last Updated April 2024

Rooftop solar is one of the most easily accessible forms of renewable energy for Speedway residents. Adopting solar energy can help you save money and shrink your carbon footprint, but you want to make sure you find a qualified installer. Luckily, we’ve analyzed local solar providers and put together a guide to the best solar companies in Speedway. These reliable providers are smart choices homeowners can depend on.

Our Recommended Providers

Top Pick
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 Speedway

Blue Raven Solar

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

Reliable customer support

Free quotes

Informative resources

Clear pricing policy

Services Offered

Grid-tied solar system
Financing assistance
Cleaning and maintenance
Panel installation
Battery storage
Skilled repairs
Permit assistance
Off-grid solar systems

Solar Energy Solutions

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

Clear pricing policy

Prompt service delivery

Informative resources

Free quotes

Reliable customer support

Services Offered

Tesla powerwall
Panel installation
Battery storage
Financing assistance

Bone Dry Solar

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

Free quotes

Clear pricing policy

Reliable customer support

Family-operated business

Informative resources

Services Offered

Panel installation
Consultation
Cleaning and maintenance
Skilled repairs

Atomic Electric and Solar

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

Reliable customer support

Clear pricing policy

Informative resources

Free quotes

Services Offered

Battery storage
Grid-tied solar system
Off-grid solar systems
Panel installation

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

Panel installation
Financing assistance
Battery storage

Green Alternatives Inc.

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

Free quotes

Reliable customer support

Informative resources

Clear pricing policy

Services Offered

Cleaning and maintenance
Panel installation
Battery storage
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

Adopting solar power lets homeowners reduce utility bills while helping the environment by reducing your carbon footprint using clean energy. If you’re deciding whether to go solar, consider these key factors for choosing an installer.

Check Licensing

Make sure you hire a licensed solar installer. This help guarantee that the work is done correctly using current best installation practices. In Indiana, there are no electrical or solar contracting licenses at the state level, though localities might adopt their own licensing programs.

Read Customer Reviews

Look at review platforms such as the Better Business Bureau (BBB), Google Reviews, and TrustPilot to find out what previous customers have to say about local solar installers. Reviews can give you an idea of a company’s trustworthiness and customer service. Be cautious of companies lacking reviews or with predominantly negative feedback.

Compare Multiple Quotes

Call 3–5 solar companies for free, itemized quotes. The quotes should describe all costs and list the solar equipment included. Reviewing multiple quotes helps you find the option that aligns with your budget.

Ask About the Warranty

Top-notch solar installations should include strong workmanship and performance warranties. A workmanship warranty covers installation defects, such as poor wiring, cracks in the panels, or poor alignment. A performance guarantee ensures a minimum energy output. Comprehensive warranties indicate that a solar company believes in its work.

Evaluate Financing and Incentives

Solar energy can help reduce your energy expenses over time. Be sure to evaluate these aspects when judging the cost and value of solar panels.

  • Compare system purchase options: Homeowners can pay for solar panels outright or finance payments over time with a lease or loan. Be sure to confirm key details like fees, payment schedule, annual percentage rate (APR), and what ownership means when financing solar panels.
  • Look into utility rebates: Some energy providers may provide additional rebates to motivate homeowners to install solar panels. Check the requirements and the rebate amounts offered by your local electric utility to determine your potential savings.
  • Research federal and state tax credits: A 26% federal tax credit on the full cost of solar systems is available through 2032. Many states also provide incentives. These credits can result in substantial savings for solar buyers.

Cost of Solar Installation in Speedway

The cost of home solar panels in Speedway depends on several factors, including your system's expected capacity and the type of solar technology being used. Generally speaking, a typical solar energy system costs $4,100 per kilowatt, not including preliminary work, labor, or permit fees. Most solar systems in Speedway are 8.8 kilowatts, and the typical Speedway homeowners spends $25,383 after accounting for federal tax refunds. Some homeowners may prefer to lease solar panels and reduce upfront costs.

Speedway Solar Incentives Guide

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: 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.

Frequently Asked Questions About Solar in Speedway, IN

Generally speaking, a solar photovoltaic (PV) array can be used to power any household appliance or system that uses electricity. In the smallest case, you can use a solar water heater.

There are many advantages of home solar energy. You can save money, reduce emissions, and qualify for tax benefits. With the right storage equipment, solar panels can also offer you further energy independence and offer some protection from power outages.

Yes, you can use home solar energy alongside conventional power sources. In most parts of the country, solar panels are designed to supplement your existing energy sources, meaning that you can reap the savings and environmental benefits of solar energy without having to completely switch over.

Your installer can give you an estimate of what your energy bills will look like after you install solar panels. Generally, your energy bills will decrease significantly because you'll be using energy from the sun for free, instead of buying energy from the utility company. The average annual savings in Speedway amount to $1,451.

Your payback period is the time to achieve an ROI on your solar panels. It will vary based on their rated capacity, the rate your utility charges per kilowatt of power, and the average sunlight in your area. Speedway gets quite a bit of sunlight per day, so an average payback period could last up to 17.5 years per 5 kW of capacity.

Yes, solar panels can still provide you with energy during a grid outage. To ensure that your solar system will keep working during a power outage, make sure to choose a quality solar provider and look for a solar system that includes a battery backup.

Some frequently-used types of home solar panels in Speedway include thin-film, monocrystalline and polycrystalline. Monocrystalline panels are balanced and efficient, while thin-film and polycrystalline panels pair good performance with greater upfront value. Ask your local provider about the types of solar panels they work with.

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