Solar Panel Savings in North Carolina
North Carolina gets 4.7 peak sun hours per day with electricity at 13¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in North Carolina
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $15,900 | $11,130 | 6.6 yrs | $44,452 | 10,293 |
| 8 kW | $21,200 | $14,840 | 8.5 yrs | $42,036 | 13,724 |
| 10 kW | $26,500 | $18,550 | 10.3 yrs | $38,326 | 17,155 |
| 12 kW | $31,800 | $22,260 | 12.1 yrs | $34,616 | 20,586 |
Includes 30% federal ITC + 0% North Carolina state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
North Carolina Solar Incentives
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Is Solar Worth It in North Carolina?
North Carolina averages 4.7 peak sun hours per day, which means an 8 kW solar system would produce approximately 13,724 kWh per year. At the state's average electricity rate of 13¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and North Carolina's 0% state incentive, an 8 kW system costing $21,200 drops to just $14,840 after credits — with a payback period of approximately 8.5 years.
Over 25 years, homeowners in North Carolina can expect to save $42,036 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of solid sun exposure and federal incentives makes solar a solid investment in North Carolina.