Solar Panels Nc Cost

How much do solar panels cost in north carolina.

Solar panels nc cost.

Installing a typical 5 kw solar system should start at about 16 250. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 55 per watt. How long does it take to earn back your initial investment in solar panels. Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc.

Knowing the average cost per watt is helpful but what does 2 91 watt actually mean for you. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. First subtract your energy bill savings of 686 reducing your year 1 investment to 15 564. With energy prices on the rise this may be the perfect time.

The 26 federal solar tax credit explained. The average cost of a solar panel installation in north carolina ranges from 11 602 to 15 698. An average 6 kilowatt kw system would be eligible for a rebate of 3 600. Duke energy offers rebates to north carolina customers who want to install a solar panel system.

Given a solar panel system size of 5 kilowatts kw an average solar installation in north carolina ranges in cost from 11 602 to 15 698 with the average gross price for solar in north carolina coming in at 13 650. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31. However most installers estimate solar costs by the amount of energy needed at 2 53 to 3 15 per watt before any tax credits or incentives. The cost of solar panels to power your house are 4 to 10 per square foot.

Duke energy will provides their charlotte customers 0 60 per watt of solar they install up to 6 000. Solar panel costs for an average sized installation in the u s. Below are cost estimates based on home size. Here s how the numbers work for a north carolina solar purchase of a 5 kw rooftop solar system.

This incentive can drastically cut down on what you pay to install solar. This is lower than the average price of residential solar power systems across the united states which is currently 2 53 per watt. For homeowners the program offers a 0 60 watt rebate for systems up to 10 kilowatts. For example if you install a 6 kilowatt kw solar system you ll get a 3 600 rebate.

As of september 2020 the average solar panel cost in north carolina is 2 73 w.