8MSolar

What 8MSolar does

8MSolar is a privately held solar panel installation company headquartered in Raleigh, North Carolina, with regional offices across North Carolina, South Carolina, and Virginia. Founded in 2013, the company has completed more than 2,000 solar panel installations for both residential homeowners and commercial property owners, including notable enterprise and government clients such as Caterpillar, Honda of North Carolina, Extra Space Storage, BioMérieux, Wake County, and the City of Durham.

The company's core offering is end-to-end solar PV system installation — design, permitting, installation, and long-term support — delivered through in-house engineering and installation teams rather than subcontracted labor. 8MSolar is hardware-agnostic, procuring equipment from multiple manufacturers including Qcells, REC Solar, Enphase (microinverters and batteries), Tesla (Powerwall, with Premier Installer certification), and Franklin WH (aPower2). Adjacent product lines include battery storage and backup, EV charging installation, commercial carport and canopy structures, utility-scale solar, and specialized offerings for poultry farms, self-storage facilities, and nonprofit organizations.

Revenue is generated through two principal streams: professional services (installation, design, permitting, maintenance) and equipment pass-through sales. Residential systems are priced at $18,000–$52,000 depending on size (5–14 kW), while commercial installations are priced per watt ($1.75–$4.75 depending on rooftop, ground-mount, or carport configuration). Customer financing options span cash purchase, third-party solar loans (4.5%–9% over 5–25 years), and the LightReach lease/PPA program offered through a partnership with Palmetto Solar (third-party ownership, 25-year terms, 90% production guarantee). The company supports the federal 30% Investment Tax Credit, Duke Energy utility rebates, USDA REAP grants for agricultural customers, and IRA Direct Pay provisions for nonprofits. The company is founder-owned, has no disclosed external funding, and competes on a regional basis against both national solar platforms and local installers.

Name

8MSolar

Legal name

8MSolar LLC

Website

https://8msolar.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Solar Installation Services

NAICS

Solar Electric Power Generation (221114)

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Solar Panel Cleaning (HSAEAJAL)

Keywords

• Residential solar installation
• Commercial solar installation
• Solar battery storage
• Solar panel systems
• Solar financing options

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Solar Panel Installation Services: Revenue generated from installing solar PV panel systems for residential and commercial customers, including system design, permitting, installation, and ongoing maintenance and repair services. Services include EV charging installation and battery storage integration.
2. Equipment Sales: Revenue from sale of solar panels, batteries (Tesla Powerwall, Franklin aPower2, Enphase), inverters, and related solar equipment. The company is hardware agnostic and procures equipment from multiple manufacturers including Qcells and REC Solar.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

8MSolar is a regional solar panel installation company that designs, permits, installs, and services residential and commercial photovoltaic (PV) solar energy systems across North Carolina, South Carolina, and Virginia. The company operates an in-house, hardware-agnostic model, procuring panels and equipment (Tesla Powerwall, Franklin aPower2, Enphase, Qcells, REC Solar) and offering battery storage, EV charging, specialized solutions for farms/self-storage/nonprofits, and multiple financing options including cash purchase, solar loans, leases, and PPAs. Services include system design, permitting, installation, repairs, removals/reinstallations, and long-term maintenance backed by an industry-leading lifetime warranty.

Product overview

8MSolar is a solar panel installation company offering residential and commercial solar energy solutions across North Carolina, Virginia, and South Carolina. The company operates as a hardware-agnostic installer offering multiple equipment brands (Tesla Powerwall, Franklin aPower2, Qcells, Rec Solar Panels, Enphase) alongside diverse financing options including direct loans, solar leases, PPAs, and LightReach programs. Core services include residential and commercial solar panel installation, battery storage and backup systems, EV charging installation, and specialized solutions for farms, nonprofits, self-storage, and utility-scale projects. The company provides end-to-end services from design through installation to long-term support, with an industry-leading lifetime warranty on residential systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Solar Panel Installation End-to-end solar PV system design, permitting, installation, and ongoing support for residential homeowners in North Carolina, South Carolina, and Virginia. Includes hardware-agnostic procurement of solar panels and system sizes from 5-14 kW priced $18,000-$42,000 gross (eligible for 30% federal ITC).
• Commercial Solar Panel Installation Solar PV system design, engineering, and installation for commercial properties including corporations, nonprofits, agricultural operations, and government entities across NC, SC, and VA. Rooftop systems priced at $1.75-$2.25/watt installed for 50 kW to 1 MW projects; 50-65% cost recovery possible in year 1-2 via ITC and MACRS depreciation.
• Solar Battery Storage & Backup Battery storage systems including Tesla Powerwall, Franklin aPower2, and Enphase batteries that provide backup power and enable energy storage for use during peak hours or grid outages. Offered as part of residential and commercial solar installations.
• EV Charging Installation Electric vehicle charging station installation services for residential and commercial customers, with access to Duke Energy EV rebates and incentives for NC homeowners.
• Solar Panel Repairs, Removals, and Reinstallation Maintenance and repair services including repair, removal, and reinstallation of solar panel systems for existing 8MSolar customers and new clients.
• Solar Power for Chicken Farms Specialized solar solutions for agricultural operations, including poultry farms, with access to USDA REAP grants covering up to 25% of project costs and agricultural-specific financing.
• Solar Power for Self Storage Buildings Solar installation services tailored for self-storage facilities and commercial buildings, designed to reduce electrical overhead for storage operators.
• Solar Power for Nonprofits Solar solutions for nonprofit organizations, providing access to Inflation Reduction Act Direct Pay provisions and specialized nonprofit financing options.
• Commercial Solar Carports and Canopies Solar canopy structures that provide covered parking while generating solar energy; priced at $3.75 to $4.75 per watt installed due to additional structural requirements.
• Utility-Scale Solar

Quantifiable outcome

• Residential payback period of 7-12 years with 25+ years of pure savings thereafter
• +4 more outcomes

Named customers10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and secondary.

• TeslacoreTechnology or Integration8MSolar is a Tesla Premier Installer, specializing in Tesla Powerwall battery storage installations. The partnership enables 8MSolar to install Tesla's home battery and energy management products as part of their solar offerings, providing customers with reliable battery backup solutions.
• EnphasecoreTechnology or Integration8MSolar offers Enphase batteries and microinverters as part of their equipment lineup. Enphase microinverters provide module-level monitoring and optimization for solar panel systems.
• QcellscoreTechnology or Integration8MSolar installs Qcells solar panels, offering customers access to this major solar panel manufacturer's products as part of their hardware-agnostic procurement approach.
• REC SolarcoreTechnology or Integration8MSolar installs REC Solar Panels, providing customers with another major solar panel brand option through their hardware-agnostic equipment selection approach.
• Franklin WHsecondaryTechnology or Integration8MSolar offers Franklin aPower2 battery storage solutions as an alternative to Tesla Powerwall, giving customers additional battery backup options.
• LightReach/Palmetto SolarcoreChannel Partner/ Reseller/ DistributorLightReach is a solar lease and PPA program offered through Palmetto Solar, one of the largest third-party solar ownership companies in the US. 8MSolar offers this financing option to customers who want solar with no upfront cost. Palmetto owns the system and handles monitoring and maintenance. 25-year agreements with 90% production guarantee. Requires minimum 660 FICO score.
• Duke EnergycoreTechnology or IntegrationDuke Energy is the primary utility provider in most of 8MSolar's North Carolina service area. The partnership involves utility interconnection applications, net metering programs, and Duke Energy commercial incentive programs including Commercial PowerPair. Understanding of Duke Energy's rate structures and programs is integral to 8MSolar's system design and savings projections.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sunrun: Largest US residential solar installer with national footprint, offering leases, PPAs, and cash purchases plus battery storage. Comparable to 8MSolar on residential solar + battery + EV charging stack, but at vastly greater scale and with vertically integrated financing.
• Tesla Energy (Solar): Tesla's in-house solar and Powerwall installation arm and the supplier 8MSolar is a Premier Installer for. Direct overlap on residential solar + Powerwall bundling in NC/SC/VA markets, with materially larger marketing budget and direct-to-consumer ordering.
• SunPower: National residential and commercial solar installer offering DC and AC panel solutions. Directly comparable on residential and commercial installation services, financing, and battery storage integration, with overlapping product lineup (Enphase, P-series panels).

Direct peers

• Palmetto Solar: Large third-party ownership solar company that runs the LightReach lease/PPA program 8MSolar resells. Also operates as a direct installer in the Southeast, directly competing with 8MSolar on residential solar while serving as a financing partner.
• Freedom Forever: National residential solar installer with strong Southeast presence. Comparable on residential PV installation, battery storage options, and in-house project management model similar to 8MSolar's claimed differentiation.
• Trinity Solar: Large privately held residential solar installer operating primarily on the East Coast including the Mid-Atlantic. Closely comparable business model: direct-to-homeowner sales, in-house installation crews, financing partnerships, and a regional rollout approach.
• ADT Solar: Residential and commercial solar installer operating across the Southeast with a similar full-stack design-permit-install-service offering. Comparable customer segment (homeowners and SMBs), comparable reliance on federal ITC, and overlapping equipment brand partnerships.
• Momentum Solar: Residential solar installer with direct-sales model across multiple Eastern and Southeastern states. Comparable on the design/install/finance bundle, battery storage attach, and lifetime-style warranty positioning.

Regional players

• Elevation Solar: Regional installer focused on the Carolinas and Southeast US with comparable residential and light-commercial solar offering. Geographic overlap with 8MSolar's NC/SC/VA territory and similar hardware lineup (Enphase, Qcells, battery options).

Others

• NC GreenPower / NC Clean Energy Centennial Solar Program: State-run clean energy advocacy and incentive programs that promote residential and commercial solar adoption in NC. Adjacent ecosystem player whose incentive design and installer network rankings directly influence 8MSolar's demand environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/8msolar
• YouTubeyoutube.com/channel/UCbzDb1Hdl_32XBFQJr7X7JA/videos
• Facebookfacebook.com/8MSolar
• LinkedInlinkedin.com/company/8msolar
• Instagraminstagram.com/8msolar

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 8MSolar