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Solar Panel Cost in Cary, North Carolina
Local pricing, savings, and net metering data for Cary homeowners.
$1,460
Annual Savings
10.5 yrs
Payback Period
$15,333
Net Cost
$34,537
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Cary
System Size
7.9 kW
Annual Production
11,587 kWh
Gross System Cost
$22,619
Federal Tax Credit (30%)
-$6,786
State Incentive
-$500
Net Cost
$15,333
Monthly Savings
$122
CO₂ Offset/yr
10,660 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDuke Energy Progress
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit1 MW limit
Electricity Rate$0.126/kWh
Peak Sun Hours5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
North Carolina State Incentive — North Carolina offers a property tax exemption for solar installations.
Common Questions
How much does solar cost in Cary?
Solar in Cary, North Carolina costs approximately $22,619 for a 7.9 kW system. After the 30% federal tax credit, your net cost is about $15,333.
What is the solar payback period in Cary?
The estimated payback period for solar in Cary is 10.5 years, based on a $150/month electric bill and local sun hours of 5 hrs/day.
Does Duke Energy Progress offer net metering?
Duke Energy Progress offers Full Retail net metering. Full retail rate.