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Solar Panel Cost in Wilmington, North Carolina
Local pricing, savings, and net metering data for Wilmington homeowners.
$1,460
Annual Savings
9.8 yrs
Payback Period
$14,278
Net Cost
$35,593
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Wilmington
System Size
7.4 kW
Annual Production
10,815 kWh
Gross System Cost
$21,111
Federal Tax Credit (30%)
-$6,333
State Incentive
-$500
Net Cost
$14,278
Monthly Savings
$122
CO₂ Offset/yr
9,950 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$0.135/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 Wilmington?
Solar in Wilmington, North Carolina costs approximately $21,111 for a 7.4 kW system. After the 30% federal tax credit, your net cost is about $14,278.
What is the solar payback period in Wilmington?
The estimated payback period for solar in Wilmington is 9.8 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.