18 Best Solar Companies in Indianapolis, IN (Nov 2022 Review)

The Cost and Benefits of Solar in Indianapolis

For many homeowners, the decision to invest in solar panels boils down to the cost. A few important factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• The cost of energy for you: If your local electricity rates are especially high, there's a better chance you'll get a higher return on your investment in solar panels. In Indianapolis, you can save an average of $128 a month on your electricity bills.
• Your income and budget: This affects what type of solar panels you can purchase.
• How much power your home consumes: Homes that need lots of electricity each month may call for more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.

So is a solar panel system worth it? Whether you hope to lower your energy bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Indianapolis homeowners.

Solar Incentives in Indianapolis

Switching to solar power has a lot of great benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can use to further save. Our article on solar incentives has more information on the incentives you can take advantage of in Indianapolis.

Environmental Impact of Switching to Solar in Indianapolis

There are many reasons to trade traditional energy for solar power, like saving some money on electricity bills and helping to lower your carbon footprint. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? In a city like Indianapolis where energy use is particularly high, making the switch to solar power is a great idea for households who are worried about the state of the planet. In Indianapolis, the average homeowner can lower their carbon footprint by 90 pounds a year after going solar. For people who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.