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4 best solar companies in Greenwood, Indiana
Josephine NesbitHome improvement writer
Josephine Nesbit is a contributing writer for USA TODAY Homefront. She specializes in home impr...
Updated Jun 22, 2024
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We've ranked the top 4 solar companies that operate within 50 miles of Greenwood. We base our ranking off average customer ratings weighted against the number of reviews. For more information, check out our full methodology.
High-quality solar panel installation in Greenwood, Indiana requires you to hire a solar installer with the right certification, skills and experience. We've compiled a list of the highest-rated solar companies in Greenwood to help you hire the perfect installer.
Prior to picking an installer, ask others for suggestions, assess potential companies and request multiple quotes to find the ideal company for your needs. You can look for a local solar company in Greenwood or select a well-known national brand.
- Extends 25-year manufacturer’s warranty
- Provides solar panel and battery installation
- Offers comprehensive financing
While solar panels require a large initial investment, you can reduce your energy expenses in the long run by making the switch. According to the U.S. Energy Information Administration (EIA), switching to solar energy enables Greenwood homeowners to save a yearly average of around $1,700.
Not every solar company boats the same offerings. Before arranging your solar panel installation, weigh different companies' offerings and get multiple quotes.
Find the top solar company for you in Greenwood
Vet Greenwood solar companies with a minimum of 3.5 out of 5 stars on Google Reviews and comparable customer review platforms. The company should also have a high rating on Better Business Bureau (BBB).
You should read through past customer reviews to gain insight into other homeowners' thoughts about the company. Take note of repeated negative feedback as a potential warning sign.
Blue Raven Solar
Services offered
Highlights
- Clear pricing policy
Bone Dry Solar
Services offered
Highlights
- Clear pricing policy
Solar Energy Solutions
Services offered
Highlights
- Clear pricing policy
Atomic Electric and Solar
Services offered
Highlights
- Clear pricing policy
What are the biggest reasons for going solar in Greenwood?
Even areas with fluctuating sun amounts, including rainier and cloudier places such as Greenwood, can still use solar panels. Key reasons to adopt solar include these:
- Charge an electric vehicle: With a solar panel system, you can charge electric vehicles right from your home. Using your own solar power is the ideal method to guarantee your electric car is fueled with clean, renewable energy.
- Reduce environmental impact: Adopting solar reduces your carbon footprint by saving fossil fuels that would otherwise be used to power your home. According to the Environmental Protection Agency (EPA), electricity production is one of the largest contributors to greenhouse gas emissions.
- Save on energy bills: You can lower your energy bills by using solar energy. Power from solar panels takes the place of the electricity purchased from utility companies.
Facts about Greenwood
Monthly Energy Spending Per Capita
Clear Sky Days Per Year
Annual Solar Savings Per kW
How much does it cost to install solar panels in Greenwood?
Our survey from October 2023 showed that the national average price of solar panel installation is $11,743.
The cost of installing solar panels differs based on several elements, including your location, sunlight access, roof orientation, shading, system size and labor. Be prepared to pay extra if you choose any add-ons like batteries, solar trackers or animal guards.
As per numbers from NASA, the Bureau of Labor Statistics (BLS) and the EIA, solar panel installation in Greenwood has an average cost of $25,125.
How much can you save by going solar in Greenwood?
While solar panel installation can be a sizable initial cost, you stand to see significant savings on your electricity costs over time.
Money savings in Greenwood from going solar
Homeowners in Greenwood who move completely to solar energy can anticipate saving money. However, it takes time to recoup the initial investment, and variables such as rainfall and tree coverage affect the time it takes to see returns on your investment in solar panels.
- Payback period: The payback period refers to the time it takes a solar system to recoup its initial cost. According to our analysis of data from the Database of State Incentives for Renewables and Efficiency (DSIRE), the EIA and NASA, the average payback period for solar installations in Greenwood is 15 years.
- Annual solar savings in Greenwood: Based on calculations that leverage data from the Department of Energy, the EIA and NASA, Greenwood homeowners save around $1,678 annually with solar energy.
- Average total solar savings after 25 years: After fully switching to solar power, you can anticipate savings of about $25,535 over 25 years, according to our calculations from NASA and the EIA.
Energy savings in Greenwood from going solar
Not only does adopting solar save you money, but it also shrinks your carbon footprint and its impact on the environment. Below are projected CO2 emission reductions you can expect from going solar, according to our calculations based on data from NASA and the EPA.
Best solar installation for you
Experts Ready to Help
What solar incentives are available in Greenwood?
A variety of solar incentives are offered to Greenwood homeowners. Some programs are available to all Indiana residents, while others vary by city, municipality and utility company.
The following solar incentives are accessible to Indiana residents, according to DSIRE:
| Name / Incentive Type | Incentive Amount/Details |
|---|---|
Property Tax Incentive Renewable Energy Property Tax Exemption | 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 |
Rebate Program RushShelby Energy - Residential Energy Efficiency Rebate Program | 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 |
Rebate Program NineStar Connect - Residential Energy Efficient Equipment Rebate Program | 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 |
Rebate Program South Central Indiana REMC - Residential Energy Efficiency Rebate Program | 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 |
Rebate Program Noble REMC - Residential Energy Efficiency Rebate Incentives | 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 |
Rebate Program Johnson County REMC - Residential Energy Efficiency Rebate Program | 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) |
Feed-in Tariff NIPSCO - Feed-In Tariff | 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 |
Rebate Program Duke Energy - Residential and Builder Energy Efficiency Rebate Program | 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 |
Personal Tax Credit Federal Residential Renewable Energy Tax Credit | 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. |
What are common factors to consider before hiring a Greenwood solar installer?
When selecting a professional solar panel installation company, first review these key considerations.
What size system do you need?
Your solar panel system's size hinges on your home's energy consumption and the system's production capacity. Larger homes use more electricity and will potentially require larger solar panel systems. An undersized system might not manage to fully energize your house.
Is your home subject to specific permits and regulations?
Your solar plans may be impacted by certain regulatory requirements and state or local regulations. You must acquire proper permits through your local building department and coordinate an inspection.
Does your home get enough sunlight access?
Not all residences get equal amounts of sunlight. The tree density, precipitation levels and extreme weather can impact solar reception. If your home doesn't get adequate sun, it may require extra panels with higher wattage.
Do you need a solar battery?
A solar battery allows the storage of extra power in solar panel systems. This proves particularly beneficial when you're trying to prevent power loss under cloudy skies. Incorporating battery storage might bump up the cost of installation.
Which type of solar panel do you want?
There are several solar panel types available, with differences in design, life expectancy and efficiency. These aspects impact not just the cost, but also panel replacement frequency and roof space requirements.
Our methodology for selecting solar companies
The Homefront Local team employs a proprietary scoring algorithm that evaluates companies based on key factors you value, such as average customer review ratings and trustworthiness indicators. Our method for determining trust involves a comparative analysis of the number of reviews a company receives compared to its local competitors. This leads to companies that have earned more trust from your local community being awarded a higher score.
We review national and large regional solar providers against our full methodology. We score solar companies on reputation and customer reviews, service options, payment, financing and warranties.
Editorial note: The name “Homefront” refers to the alliance between USA TODAY and Home Solutions that publishes review, comparison, and informational articles designed to help USA TODAY readers make smarter purchasing and investment decisions about their home. Under the alliance, Homefront provides and publishes research and articles about home service and home improvement topics. Homefront has an affiliate disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Homefront editorial staff alone (see About Homefront). Homefront adheres to strict editorial integrity standards. The information is believed to be accurate as of the publish date, but always check the provider’s website for the most current information. Go back to top
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