Best 5 Solar Companies in Concord, NC

How To Choose the Best Solar Company in Concord

The price and efficiency of solar panels often depend on which company mounted them. Here are some important factors to keep in mind while searching for a solar installer.

Licensing and Training

A licensed electrical contractor in North Carolina may direct home solar PV installations in North Carolina if they have the relevant classification from the North Carolina State Board of Examiners of Electrical Contractors. Check for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most reputed trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Concord

The style of solar panels you purchase decides how much energy you can produce. Monocrystalline panels and high-quality and give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

If you need to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for accessories. By choosing the right components, you can make your system more effective and convenient to use. Not all solar contractors offer these additional features, so look for a company that sells them if it's important for you.

A majority of Concord homeowners select solar systems designed for five kilowatts (kW) of electrical capacity. These systems run about $17,550 to set up, considering both materials and labor. You can see more specific solar cost information in the table.

Financing Solar Energy in Concord

Solar companies offer multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are power purchase agreements (PPAs), solar loans, cash payments and solar leases. Though it requires a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car loan or mortgage, you'll pay a monthly rate towards system ownership, including interest. You can still apply for valuable solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay only for the energy you use, similar to an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Look for companies that offer several payment plans to find the right fit for your budget.

The table below lists the average payback periods for different capacities of solar systems in Concord.

The IRS allows you to claim a 26% federal solar tax credit on total system costs, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.