North Carolina Free Solar Panels

Federal investment tax credit.

North carolina free solar panels.

The solar carve out in north carolina s rps states that 0 2 of the state s electricity must be generated from solar by 2019. If you think that seems low you re right. North carolina launches no upfront cost solar program for middle class homeowners north carolina is one of the best states in the country if you want to go solar but only if you re rich enough. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.

The average cost of a solar panel installation in north carolina ranges from 11 602 to 15 698. A combination of high sun exposure the federal tax credit net metering plus local and utility incentives means that homeowners get a great return on investment by installing residential solar panels in the tar heel state. North carolina solar power overview. Solar power in north carolina has been increasing rapidly from less than 1 mw megawatts in 2007 to 6 152 mw in 2019 and has the second largest installed pv capacity of all u s.

On a cost per watt w basis a solar panel installation in north carolina ranges in price from 2 32 to 3 14. Thanks to this legislation solar loan terms in north carolina can be no longer than 20 years have an interest rate cap set at 8 percent and can easily be renewed. North carolina is an excellent state for solar panel installations. Because of declining solar panel costs a 30 percent federal grant known as a 1603 grant was available through december 31 2011 and a 30.