What Should You Pay For Solar In North Carolina?

Find Out For Your Home Based On Recent Installations In Your ZIP

Solar power in North Carolina

Last fact checked on June 26, 2019 by Catherine Lane

North Carolina is a great place to go solar. The major investor-owned utilities in North Carolina, which include Duke Energy, Progress Energy, and Dominion North Carolina Power, are required to offer net metering to their customers. In addition, there are some local rebates and utility incentives that make going solar even more rewarding.

You can utilize the federal tax credit, too, which is equivalent to 30% of the total cost of your system. The tax credit combined with some local and utility incentives have the potential to cover about 50% of the investment costs!

 

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Solar power in North Carolina

North Carolina solar power facts

$3.50
/watt

Average cost of a 5kw solar power system in 2019
Price shown before incentives

9 Years 3 Months

Average payback time

$56,852

Average lifetime savings
Price shown after repayments of capital


/kWh

levelized cost of solar energy

25¢
/kWh

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

14,097
kWh

Annual power production

Cash flow graph based on cash purchase of a 11.03kW system

This 11.03kW system would offset 100% of your energy usage if your typical monthly bill in North Carolina is $168, however your situation may vary so try our solar calculator to get a result tailored to you.


Solar companies in North Carolina that provide pricing through the Solar-Estimate marketplace

6


Best solar offers currently available in your city


Solar calculator and quote comparison tool

Compare solar quotes from the top solar companies in North Carolina

How much do solar panels cost in North Carolina

$3.50 per watt

Cash purchased solar system
Before 30% solar tax credit

$3.97 per watt

Financed solar system
Before 30% solar tax credit

N/A cents/kWh

Lease/PPA
Av. 15 year term, 2.5% price escalator

What are the pros and cons of buying solar panels for your home in North Carolina

The advantages of installing solar in North Carolina include the excellent net metering policy and the strong sun exposure that makes the production of solar systems in North Carolina higher than in some other states.

The disadvantage of installing solar in North Carolina is that incentives are beginning to dwindle due to utilities meeting their renewable energy goals. However, the falling price of solar in general more than makes up for the limited incentives. 

Enter your details to calculate the cost and savings you are likely to get from installing solar panels for your home.

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Best brands of solar panels

To find the best brands of solar panels you can use America's most trusted solar panel comparison and reviews website, SolarReviews.

However, reviews of solar panels can be a bit meaningless because most consumer owners have not had any issues and so whilst solar company reviews are very important when choosing solar installers they are of less use when choosing solar panels.

For more information to help you make an informed decision about this topic, I would recommend this article about buying solar panels.

 

Unlock live pricing on the best solar panel brands!

 

How much electricity will solar panels produce in North Carolina

Solar panels produce different amounts of energy in different locations.

Around the Charlotte area solar panels installed on a south facing 23.8 degree pitch roof will typically produce:

1,330kWh per year per 1kw of peak DC (direct current) capacity

For more information about how your location, roof direction and roof tilt affects solar power production use the solar panels calculator and enter your zipcode below.

 

See how much electricity your solar panels could produce

I want to buy a solar panel kit and install it myself

What rebates, solar tax credits, and other solar incentives are available in North Carolina?

Net metering in North Carolina

Net metering in North Carolina requires your utility to credit you for excess solar generation that is sent to the grid, at retail value. When more energy is generated than what a household uses, the credit is carried forward at the retail value to help offset the costs of future bills. Unfortunately in North Carolina, any remaining credits at the end the yearly billing cycle expire and cannot be carried over to the next year. 

In North Carolina, investor-owned utilities are required to provide net metering on all of their rate plans. If you are on a time-of-use rate, your net metering works a little differently. When you create excess energy during peak hours, the credit you receive can be applied in the future to offset either peak or off-peak power generation. However, off-peak credits can only be used to offset future off-peak consumption.

 


 

Tennessee Valley Authority Green Power Providers Program

Tennessee Valley Authority (TVA) teamed up with a select few local power companies to provide incentives for homeowners who go solar through the Green Power Provides program. Customers install a solar energy system on their home and TVA pays 9 cents for every kilowatt hour of energy generated by a system that is 10 kilowatts (kW) or less in size. Through this contract, TVA receives all renewable energy credits that are produced by the system. 

This program will close on December 31, 2019, so the sooner you install solar and apply to the program, the better!

 


 

Duke Energy Renewable Energy Rebate

Duke Energy offers a one-time rebate to their customers who switch to solar. You receive 60 cents for each watt of solar energy installed, with a maximum rebate of $6,000. 

That means if you install a 5 kW system, you will receive a rebate of $3,000!

This program is only available until 2022.

North Carolina Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in North Carolina we have a solar calculator that can show you exactly the information your require.

 

You can either use our full monthly solar calculator that shows you everything you could possibly want to know or you can use one of our range of smaller calculators for specific solar calculations that focus on providing you only with the specific information you require.

 


 

What you can find out about installing solar panels in North Carolina using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

 

Unlock live pricing in your state!

 

Solar calculator

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
Property Tax Abatement for Solar Electric Systems State Property Tax Incentive
Net Metering State Net Metering
Duke Energy Solar Rebate Program Utility Rebate Program
Find your local rebates and incentives

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