We may be compensated if you purchase through links on our website. Our Reviews Team is committed to delivering honest, objective, and independent reviews on home products and services.
Best 5 Solar Companies in Monroe, NC
The best solar company in Monroe is TayCo Electric & Solar Inc..
Get matched with a top local pro
Join the 10,601 people who have received a free, no-obligation quote in the last 30 days
- Fact Checked
Fact checked by one of our trusted team members.
- Updated 2024-04-18 00:00:00
Monroe homeowners are increasingly using solar panels to produce their electricity and heat their water. While embracing solar power comes with upfront costs, local homeowners could ultimately save $1,000 per kilowatt on their electric bills. A professional installation team can help you choose the best panels to maximize your savings. On this page, we'll show you Monroe's leading solar contractors and share expert advice for your solar journey.
5 Best Solar Companies in Monroe
Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.
TayCo Electric & Solar Inc.
Ratings are based on our detailed proprietary methodology and review standards.
Solar Boy Energy
Ratings are based on our detailed proprietary methodology and review standards.
Renewable Energy Group
Ratings are based on our detailed proprietary methodology and review standards.
Sun Service Specialists
Ratings are based on our detailed proprietary methodology and review standards.
EMPWR Solar
Ratings are based on our detailed proprietary methodology and review standards.
Ranking Methodology
Our team has thoroughly vetted dozens of solar companies near Monroe, concentrating on the following criteria:
- Warranty and service offerings: Solar providers should stand behind their products and services with warranties. We evaluated how each company responds to issues and warranty claims, focusing on promptness and customer happiness.
- Panel brands and quality: The leading solar companies keep up with new technology, providing equipment from reliable, innovative manufacturers.
- Experience and professional licensure: Each contractor on our list meets state and city licensing requirements and stays up to date with industry best practices. Many of them have been a part of the Monroe community for over 15 years.
- Educational programs and business model: Solar technicians must be knowledgeable. They should utilize their years of experience address your questions on how to care for your system and optimize its performance.
- Reviews and feedback from customers: Most Monroe solar companies have both favorable and unfavorable reviews. However, a good review ratio reflects a company's dependability and responsiveness to issues.
Facts about Monroe
- Average Max Temperature:70°F
- Solar Payback Period:12 years
- Average Daily Sunlight:60%
- Homes Powered by Solar:4,440
- Average Annual Energy Bill:$1,322
- Solar Power per Capita:36.2%
Benefits of Solar Energy
Solar energy provides multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power lowers your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lowered energy bills: Solar panels allow you to generate your own energy to power your home, minimizing your monthly electricity costs. Going off-grid can eliminate your bills completely. Plus, a significant number of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
- Better energy independence: Adding a solar battery storage system lets you have reliable energy during storms and grid outages.
What Solar Incentives Are Available to Monroe Homeowners?
North Carolina homeowners who upgrade to solar could qualify for special financing, reimbursements, rebates and tax credits. Here are just a few of the area's incentive offerings.
Incentive Type:Rebate Program
Website:https://www.duke-energy.com/home/products/renewable-energy/nc-solar-rebates
Incentive Amount:
Residential: $0.60/W-AC
Nonresidential: $0.50/W-AC
Nonprofit: $0.75/W-AC
Incentive Type:Property Tax Incentive
Incentive Amount:
Residential systems: 100% of the appraised value
All other systems: 80% of the appraised value
Incentive Type:Property Tax Incentive
Incentive Amount:
No more than conventional equipment
Incentive Type:Rebate Program
Website:https://www.energyunited.com/energy-services/rebates/energy-efficiency-rebates/
Incentive Amount:
Heat Pumps (15 SEER): $150/unit
Heat Pumps (16 SEER): $300/unit
Incentive Type:Rebate Program
Website:https://www.duke-energy.com/home/products/smart-saver
Incentive Amount:
Central Air Conditioning or Heat Pump: $300 - $400 + $50 with added smart thermostat
Geothermal Heat Pump: $400 + $50 with added smart thermostat
Heat Pump Water Heater: $350
Attic Insulation or Attic Air Sealing: $250
Duct Sealing: $100
Variable-Speed Pool Pumps: $300
Incentive Type:Performance-Based Incentive
Incentive Amount:
Varies by technology and system size
PV larger than 5 kW: must enter bid process
Wind up to 10 kW: $0.09/kWh
Wind larger than 10 kW: must enter bid process
Incentive Type:Loan Program
Incentive Type:Green Building Incentive
Incentive Amount:
Authorized by legislation for green buildings. Actual permit process to be determined by local government.
Incentive Type:Personal Tax Credit
Website:https://www.ecowatch.com/solar/ev-appliance-solar-tax-credit-calculator
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.
How To Choose the Best Solar Company in Monroe
The cost and performance of solar panels often depend on the solar company that installed them. Consider each of these factors in your company search.
Licensing and Training
A licensed electrical contractor in North Carolina may direct home solar PV installations in North Carolina if they have the pertinent classification from the North Carolina State Board of Examiners of Electrical Contractors. You should also visit a company's website to learn about its private certifications. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Monroe
Your solar panels' model will influence how much energy you can produce. Monocrystalline panels are among the highest quality and perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.
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 every solar contractor offers these extras, so look for a company that sells them if it's important for you.
Generally speaking, it will cost about $17,550 for a five-kilowatt solar array in Monroe. This table lists more specific costs for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,144.29 |
Solar Polycrystalline | $892.54 |
Thin-Film | $521.79 |
Solar Battery | $732.34 |
Solar Home EV Charger | $2,746.29 |
Financing Solar Energy in Monroe
Choosing the correct financing plan will impact your overall solar system cost and expected savings. Common payment options include leases, power purchase agreements, loans, and cash payments. We advise making a cash payment or securing a solar loan for the highest 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 cut 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 installments while still benefiting from energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases let you use your panels for a set monthly rate, while PPAs let you pay just for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We advise working with a provider that offers multiple financing options. Ask each representative about what's available, and obtain more than one estimate for the best odds of keeping within your spending limits.
The table below lists the average payback periods for different capacities of solar systems in Monroe.
The IRS allows you to claim a 26% federal tax credit for solar panels on the full cost of the solar system, so long as you purchase it before 2032. City and state governments and utilities might also offer their own rebates, financing programs, and incentives that could save you more money.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.1 years |
2 kW | 4.2 years |
5 kW | 10.4 years |
10 kW | 20.8 years |
Frequently Asked Questions about Solar in Monroe
Most Monroe homeowners spend about $1,322 on energy each year. Your costs could drop by $997.32 for each kilowatt you generate after you pay off a solar array.
Yes, solar energy is readily available in Monroe. A growing number of area homes already access solar power on-site or through utility grids, and North Carolina has about 6617 jobs forming its solar economy.
Yes, solar energy systems will increase your property value. According to the National Renewable Energy Laboratory, for every dollar you save on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.
A solar system could still operate in cloudy conditions. Your contractor will orient your panels to absorb the most sunlight possible. They might also recommend a battery backup system to keep your system functioning at its best.
To determine your home's solar readiness, nothing substitutes for a comprehensive quote from a local solar installer. However, you can use the PVWatts tool for a simple solar viability prediction based on public data, including local weather and topography, system size, panel efficiency, and tree cover.
Today's solar installations are remarkably durable, lasting up to 25 years. Monocrystalline panels and other premium models tend to last longer than "budget-friendly" models.
Yes, we advise requesting free solar quotes from three or more companies. You should thoroughly read each quote and compare prework scope and costs, warranty details, financing options, equipment costs and labor fees. Ensure each quote includes an itemized financial plan and includes your projected payback period.
Sources
Explore Useful Articles On Solar
How Do Solar Panels Work? (2024)
Tamara Jude-December 19, 2023
How Many Solar Panels Do I Need? (2024 Guide)
Tamara Jude-December 19, 2023
Monocrystalline vs. Polycrystalline Solar Panels (2024 Guide)
Tamara Jude-December 19, 2023
Types of Solar Panels (2024 Guide)
January 31, 2024
What Are the Environmental Benefits of Solar Energy?
Tamara Jude-December 18, 2023