How much does solar cost in North Carolina?

The out-of-pocket investment is lower than in other states, and solar is very popular in North Carolina. The state ranks fourth in the country for solar installations. The average cost per watt is $2.78 in North Carolina. Solar panels generally pay for themselves within 12 years in North Carolina (if you pay for your system upfront).

How much does a 9kw Solar System cost in North Carolina?

A 9kW Solar System in North Carolina, given the average residential price-per-watt of $3.76, can cost around $33,841 depending on applicable rebates and other factors. For more information, select your county from the map to see potential generated solar power and panel pricing.

Are solar panels tax deductible in North Carolina?

If you install a solar panel system to power a primary or secondary residence, you can claim 30% of project costs as a federal tax credit. Home batteries with at least 3 kWh of capacity are also eligible for the incentive. The following six installers are our picks for the best solar companies in North Carolina:

Does North Carolina offer a solar tax credit?

Many people mistakenly refer to this tax credit as the North Carolina solar tax credit but it is actually a federal tax credit. North Carolina itself does not offer a solar tax credit. Levelized cost of power from this typical solar system installed on a home in North Carolina over 25 years is 5.1 cents/kWh.

Do solar panels increase property taxes in North Carolina?

If you install a solar panel system, the resulting increase in home value is exempt from an increase in property taxes. North Carolina homeowners who switch to solar receive billing credits for surplus solar energy sent to the grid.

Is solar a good option in North Carolina?

North Carolina also has many solar incentives to make going solar more affordable. The state offers property tax incentives and discounts to encourage residents to go solar. You can also get rebates on solar water heaters. Plus, there are many low-interest solar loan options for residents of the Tar Heel State.