How Much Does Solar Cost in North Carolina?

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Converting to Solar Power puts you in control. A solar system for your home typically costs less than you think. In fact, our clients find that their monthly solar payment is cheaper than what they were paying their utility provider. Excess energy will be bought back by your utility provider, benefitting everyone. You will have the ability to own your power instead of being at the mercy of renting it from your utility provider where you are subject to annual rate increases.
As of September 2022, the average solar panel cost in North Carolina is $3.85/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in North Carolina ranges in cost from $12,878 to $17,422, with the average gross price for solar in North Carolina coming in at $15,150. After accounting for the 30% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you’ll pay for solar can fall by thousands of dollars.

System Size System Cost System Cost (after ITC)
3kW $9,090 $6,724
4kW $12,120 $8,967
5kW $15,150 $11,209
6kW $18,180 $13,451
7kW $21,210 $15,693
8kW $24,240 $17,936
9kW $27,270 $20,178
10kW $30,300 $22,420
30

Payback Period

13.25 Years

20-Year Savings

$15,367

Cost per Watt

$3.85

Are solar panels worth it in North Carolina?


Yes, solar is worth it in North Carolina! In fact, solar panels are worth it in most areas, though certain factors – including the cost of electricity, available incentives, the climate, and sun angle – will all impact how quickly you break even on your investment relative to other areas. In NC, the average cost of electricity is 12¢/kilowatt-hour (kWh), meaning over 20 years you can expect to save $42,600 by installing a 5 kW solar system (assuming you pay upfront with cash). If you choose to finance your system with a $0-down loan, you can start saving on day one in North Carolina (though your long term savings will be less).