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6 Best Solar Companies in Speedway, IN

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Written By David Cusick

Last Updated June 2024

Rooftop solar is one of the most easily accessible forms of renewable energy for Speedway homes. 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 reputable providers are smart choices homeowners can depend on.

Our Recommended Providers

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Top Pick
4.3/5
  • BluePower Plus+ financing program
  • Good selection of quality panels
  • Most affordable options

Top 6 Best Solar Companies in Speedway

Advertisement This site receives compensation from some of the companies featured in this listing, which may impact where and how products appear. When you click "Get Quote," you will be connected with partners who may contact you with information related to your inquiry. This listing doesn't feature all companies, products, or offers that may be available.

Blue Raven Solar

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

Reliable customer support

Informative resources

Clear pricing policy

Free quotes

Services Offered

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

Bone Dry Solar

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

Prompt service delivery

Clear pricing policy

Free quotes

Informative resources

Reliable customer support

Services Offered

Skilled repairs
Cleaning and maintenance
Panel installation
Consultation

Solar Energy Solutions

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

Clear pricing policy

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Free quotes

Reliable customer support

Prompt service delivery

Services Offered

Battery storage
Financing assistance
Panel installation
Tesla powerwall

Atomic Electric and Solar

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

Reliable customer support

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Free quotes

Clear pricing policy

Services Offered

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

MPI Solar

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

Reliable customer support

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Free quotes

Services Offered

Battery storage
Financing assistance
Panel installation

Green Alternatives Inc.

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

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Panel installation
Cleaning and maintenance
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 benefiting the planet 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

Verify that your solar installer is properly licensed. This helps ensure 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 reliability and customer service. Be cautious of companies lacking reviews or with predominantly negative feedback.

Compare Multiple Quotes

Contact three to five solar companies to receive free, detailed quotes. Quotes should clearly explain all costs and specify the exact solar components included. By comparing multiple quotes, you can identify the best value based on 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 show that a solar company believes in its work.

Evaluate Financing and Incentives

Solar energy can help lower your electric bills over time. When considering the total price and value of solar panels, make sure to consider these factors.

  • Compare system purchase options: Solar panels can be purchased outright or financed over time through loans or leases. Review all terms when financing, such as annual percentage rate (APR), payment schedule, fees, and ownership implications.
  • Look into utility rebates: More discounts might be available from electric companies looking to encourage homeowners to go solar. Contact your local utility provider to find out rebate values and qualification criteria, so you can determine your possible savings.
  • Research federal and state tax credits: A 26% federal solar tax credit on total system costs is available through 2032. Many states also have incentives. These credits offer substantial savings for solar buyers.

Cost of Solar Installation in Speedway

The cost of solar panels varies based on system capacity and the solar technology used. The average solar system in Speedway has a capacity of 8.8 kilowatts. Homeowners in the area can expect to pay approximately $4,100 per kilowatt; the average Speedway homeowners spends about $25,383 on a new solar array after accounting for federal tax breaks. (Some homeowners prefer to lease solar panels to lower upfront costs.) A personalized quote from a local solar provider will account for factors such as the size, capacity, and panel type of the planned system, and should include costs for preliminary work, permit fees, and labor.

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

A solar photovoltaic (PV) system can generate power to run any electric system or appliance in your home. A more specific example is installing a solar heating system for your water.

With home solar PV, you can save money on your energy bill, lower your home's carbon footprint, and be better prepared if there's an outage to the local grid.

Yes, you can use home solar energy alongside conventional power sources. In many areas, solar panels are designed to supplement your existing energy sources, which means you can reap the environmental benefits and savings of solar energy without having to completely switch over.

Generally speaking, your energy bills will significantly decrease 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 Speedway, the average amount someone can save is $1,451 per year. With net metering programs offered by many utilities, you could ultimately make a profit from your system after the payback period concludes.

You might be pleasantly surprised at how quickly you can get a return on investment from your solar panels. The sun shines frequently in Speedway, meaning your payback period could last 17.5 years per 5 kW of capacity on the high end.

The specific types of maintenance you need will depend on the type of panels you're using. Regardless of type, you should clean your panels regularly and inspect them for damage. Many solar contractors in the Speedway area offer comprehensive maintenance plans to help you keep your panels healthy and make the most of your system.

Yes, solar panels will still be able to provide you with energy during a grid outage. To ensure that your solar system can keep working during a power outage, make sure to choose a quality solar provider that offers battery backup systems or emergency generators.

The most common types of home solar panels in Speedway include thin-film, polycrystalline and monocrystalline. Monocrystalline panels are balanced and efficient, while polycrystalline and thin-film 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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