Cost of solar panels nc

How much do solar panels cost in North Carolina?

As of July 2024, the average solar panel system costs $2.49/W including installation in North Carolina. For a 5 kW installation, this comes out to about $12,442 before incentives, though prices range from $10,576 to $14,308. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

How much does a 5 kW solar system cost in North Carolina?

While a 5 kW system will only cost you $12,442 in North Carolina, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Are solar batteries worth it in North Carolina?

Many solar customers in North Carolina also choose to install solar batteries to provide energy through blackouts, and these can drive up costs by tens of thousands of dollars. North Carolina experiences 213 sunny days per year — above the national average of 205 days.

Are there solar incentives in North Carolina?

North Carolina has plenty of local incentives to lower your overall solar system cost. You can also take advantage of tax incentives and rebate programs through your utility company. The chart below offers more information on the top solar incentives in North Carolina. North Carolina has a property tax exemption for solar systems.

How long do solar panels last in North Carolina?

That's why over 33,000 North Carolina homeowners have used EnergySage to receive and compare quotes for solar installations. You can expect to earn back your initial solar investment through electricity savings in about 10.49 years, while most systems last at least 25 years.

Are solar panels tax deductible in North Carolina?

North Carolina has a property tax exemption for solar systems. This means that the state does not tax you for the increase in property value after installing solar panels. The state’s net metering program allows surplus electricity from your home solar system to be credited at retail price on your next power bill.