Best 5 Solar Companies in Holly Springs, NC

How To Choose the Best Solar Company in Holly Springs

Choosing a company is the first step toward an effective and cost-efficient solar energy system. Consider each of these criteria in your company search.

Licensing and Training

A licensed electrical contractor in North Carolina may oversee home solar PV installations in North Carolina if they have the pertinent 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), one of 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 Holly Springs

The type of solar panels you select decides how much electricity you can generate. 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.

Additional components, such as electric vehicle (EV) chargers and battery storage, will add to your overall installation costs. However, they might make your solar system more efficient and convenient to use. Not all solar providers offer these add-ons, so look for a company that sells them if it's crucial for you.

Generally speaking, it costs about $17,550 for a five-kilowatt solar array in Holly Springs. This table displays more specific costs for different solar panel types and system components in your area.

Financing Solar Energy in Holly Springs

Choosing the right financing solution will affect your overall solar system cost and potential savings. Common payment options include leases, loans, power purchase agreements, and cash payments. We suggest paying with cash or securing a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) permits you to pay a monthly rate determined by the energy you use, akin to an electric bill. We generally don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. Look for companies that offer multiple 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 Holly Springs.

You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.