Cost of solar in Charlotte, NC

Electricity Consumption in Charlotte

Electricity Consumption by North Carolina residents averages 1101 kWh per month. It ranks #24 in the nation for savings from installing solar panels on the home.

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Solar power in Charlotte, North Carolina

Duke Energy provide net metering to their Charlotte customers. Each kWh of exported energy is valued at the retail rate. When more energy is sent to the grid than drawn within the month credit is carried over to future bills. Sadly remaing kWh at the end of the billing year expire without compenation.

Duke also provide a $600/kW rebate for solar systems up to 10kW in size. After claiming utility incentives 30% of the remaining costs can be claimed as a deduction to federal taxes, this incentive can be used in increments.

With 50% of costs covered and ongoing net metering credit there has never been a better time to go solar. Don't wait for these incentives to expire, get a free estimate by entering your zip code below! 

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in North Carolina

The average cost of installing residential solar panels in Charlotte, North Carolina in 2018 is $3.38 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Charlotte, NC is $16,900. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 7.88kW solar system in Charlotte, NC

This system would offset 100% of your energy usage if your typical monthly bill is $120, however your situation may vary so try our solar calculator to get a result tailored to you.

$14,231

Net cost of system
Cash - after 30% solar tax credit

8 Years 4 Months

Average payback time

10,069
kWh

Annual power production


/kWh

levilized cost of solar energy

25¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 7.88kW system

Life-time savings on this system over the next 25 years

$43,489

(Prices shown after repayments of capital)

 


 

Solar companies in Charlotte, NC that provide pricing through the Solar-Estimate marketplace

10

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in North Carolina

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,812 $8,437
4kw $10,108 $10,917
5kw $12,250 $13,230
6kw $14,196 $15,332
7kw $16,023 $17,305
8kw $17,696 $19,112
9kw $19,215 $20,752
10kw $20,580 $22,226

 

Design your own solar panel system for your home

Going solar in North Carolina

Check out all of the ways energy providers of North Carolina can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Duke Energy Solar Rebate Program Utility Rebate Program
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.