Estimated Savings for a Typical North Carolina Home
Based on a $150/month electric bill
System Size
8.5 kW
Gross Cost
$24,153
Federal Credit
-$7,246
State Incentive
-$500
Net Cost
$16,407
Annual Savings
$1,460
Payback Period
11.2 yrs
25-Year Savings
$33,464
CO₂ Offset/yr
11,383 lbs
North Carolina Solar Incentives
30%
Federal Investment Tax Credit (ITC)
Deduct 30% of your total solar installation cost from your federal taxes. Available through 2032 with no dollar cap.
$500
North Carolina State Incentive
North Carolina offers a property tax exemption for solar installations.
Net Metering Policy: Full Retail
Top utility in North Carolina: Duke Energy Carolinas. View full incentives detail →
Solar Costs by City in North Carolina
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| Charlotte | $1,460 | 10.7 | 874,579 | Duke Energy Carolinas |
| Raleigh | $1,460 | 10.2 | 467,665 | Duke Energy Progress |
| Greensboro | $1,460 | 12.8 | 296,710 | Duke Energy Carolinas |
| Durham | $1,460 | 10.1 | 278,993 | Duke Energy Progress |
| Winston-Salem | $1,460 | 10.3 | 249,545 | Duke Energy Carolinas |
| Fayetteville | $1,460 | 11.1 | 211,657 | Duke Energy Progress |
| Cary | $1,460 | 10.5 | 174,721 | Duke Energy Progress |
| Wilmington | $1,460 | 9.8 | 123,506 | Duke Energy Progress |
| High Point | $1,460 | 11.4 | 112,791 | Duke Energy Carolinas |
| Concord | $1,460 | 11.3 | 105,240 | Duke Energy Carolinas |
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Quick Facts: North Carolina
- ⚡ Avg rate: $0.118/kWh
- 🌞 Peak sun: 5 hrs/day
- 🏭 Top utility: Duke Energy Carolinas
- 📋 Net metering: Full Retail