Nc solar power incentive

Are there solar incentives in North Carolina?

But here’s the good news: there are numerous solar incentives, rebates and tax credits available in North Carolina that can significantly reduce your out-of-pocket expenses. In fact, with the right combination of programs, you could save thousands on a new solar installation and start enjoying lower electricity bills sooner than you think.

What is the federal solar tax credit for North Carolina residents?

All North Carolina residents are eligible for the 30% federal solar tax credit on their tax returns. NC homeowners can also benefit from statewide property tax exemptions, renewable energy financing programs and net metering.

Are solar panels a good investment in North Carolina?

Solar panel systems in North Carolina are expensive, but incentives from the state and local government can help you reduce the upfront cost. Between the federal tax credit and other state-specific incentives, you can save thousands on solar panels, making them well worth the investment.

When did the North Carolina solar tax credit expire?

The North Carolina solar tax credit expired in December 2015. The state used to offer a 35% state tax credit on solar panel installations (in addition to the federal solar tax credit).

Is going solar in North Carolina worth it?

Yes, going solar in North Carolina is worth it for many homeowners. With a combination of federal and state incentives, solar shoppers in North Carolina can significantly reduce their upfront costs and enjoy substantial long-term savings on electricity bills.

How much does a solar system cost in North Carolina?

The Residential Clean Energy Credit, formerly known as the federal investment tax credit (ITC), can reduce your solar panel system's cost by 30%. Your entire system qualifies for this incentive, including equipment, labor, permitting, and sales tax. The average cost for a 5 kW solar panel system in North Carolina is around $12,594.