Home › North Carolina › Charlotte
Solar Panel Cost in Charlotte, North Carolina
Local pricing, savings, and net metering data for Charlotte homeowners.
$1,460
Annual Savings
10.7 yrs
Payback Period
$15,589
Net Cost
$34,282
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Charlotte
System Size
8.1 kW
Annual Production
11,774 kWh
Gross System Cost
$22,984
Federal Tax Credit (30%)
-$6,895
State Incentive
-$500
Net Cost
$15,589
Monthly Savings
$122
CO₂ Offset/yr
10,832 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDuke Energy Carolinas
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit1 MW limit
Electricity Rate$0.124/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 Charlotte?
Solar in Charlotte, North Carolina costs approximately $22,984 for a 8.1 kW system. After the 30% federal tax credit, your net cost is about $15,589.
What is the solar payback period in Charlotte?
The estimated payback period for solar in Charlotte is 10.7 years, based on a $150/month electric bill and local sun hours of 5 hrs/day.
Does Duke Energy Carolinas offer net metering?
Duke Energy Carolinas offers Full Retail net metering. Full retail rate.