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Solar Panel Cost in Winston-Salem, North Carolina
Local pricing, savings, and net metering data for Winston-Salem homeowners.
$1,460
Annual Savings
10.3 yrs
Payback Period
$15,086
Net Cost
$34,784
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Winston-Salem
System Size
7.8 kW
Annual Production
11,406 kWh
Gross System Cost
$22,266
Federal Tax Credit (30%)
-$6,680
State Incentive
-$500
Net Cost
$15,086
Monthly Savings
$122
CO₂ Offset/yr
10,494 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$0.128/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 Winston-Salem?
Solar in Winston-Salem, North Carolina costs approximately $22,266 for a 7.8 kW system. After the 30% federal tax credit, your net cost is about $15,086.
What is the solar payback period in Winston-Salem?
The estimated payback period for solar in Winston-Salem is 10.3 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.