Solar panels Charlotte, NC:

Prices, incentives and best companies 2023

Avg Charlotte cost:

$12,722 - $15,550*

Avg 25 year savings:

$23,693 - $28,958

Avg payback period:

9.7 - 11.9 years

Estimate cost and savings based on your location and power usage

* Cost data based on quotes for fully-installed solar panel systems submitted on our platform. Prices are shown after applying the 30% federal tax credit.

Guide to solar panels in Charlotte, NC (2023)

Updated August 19, 2020

Charlotte is a great place to go solar. You’re probably using Duke Energy as your utility. The combination of Duke Energy's net metering policy and high average electricity usage makes solar a great investment. 

The most significant incentive to install solar panels in Charlotte is the 26% federal tax credit. However, the tax credit is set to step down to 22% at the end of 2020. This means in order to maximize your savings potential, the best time to go solar in Charlotte is now. 

Another key incentive for going solar in Charlotte is Duke Energy's solar rebate program, which helps reduce the cost of your solar installation. By entering your address into our solar panel calculator, you can see what other local incentives are available in your area. 

On this page:

Current cost of solar panels in Charlotte

Solar prices near you

Cost range of local prices

$12,722-$15,550

Net profit (savings less system cost)

$23,693-$28,958

Payback period

9.7-11.9 years

Recommended size for the selected utility bill

6.9kW

Solar panel cost calculator

Best 10 solar installers in Charlotte, NC

 
NC Green Power<\/a><\/p>\r\n<p><a rel=\"noopener\" href=https://www.solarreviews.com/"https:////www.seia.org//state-solar-policy//north-carolina-solar/" target=\"_blank\">Solar Energy Industries Association (SEIA)<\/a><\/p>","14":"<p><a href=https://www.solarreviews.com/"https:////www.ncgreenpower.org///">NC Green Power<\/a><\/p>\r\n<p><a rel=\"noopener\" href=https://www.solarreviews.com/"https:////www.seia.org//state-solar-policy//north-carolina-solar/" target=\"_blank\">Solar Energy Industries Association (SEIA)<\/a><\/p>","average_monthly_elec_usage":1101,"15":1101,"roof_pitch_degree":23,"16":23,"typical_kwh_production":1330,"17":1330,"created_at":"2019-04-10 02:11:35","18":"2019-04-10 02:11:35","incentive_overview":"<h4>Federal solar tax credit<\/h4>\r\n<p><span style=\"font-weight: 400;\">The federal tax credit is the most significant incentive to install solar panels for homes and businesses. Right now, the federal tax credit equals 30% of the total solar system costs. This percentage will remain at that number until the end of 2032. If you want to maximize your savings potential, now is a great time to go solar in North Carolina.<\/span><\/p>","19":"<h4>Federal solar tax credit<\/h4>\r\n<p><span style=\"font-weight: 400;\">The federal tax credit is the most significant incentive to install solar panels for homes and businesses. Right now, the federal tax credit equals 30% of the total solar system costs. This percentage will remain at that number until the end of 2032. If you want to maximize your savings potential, now is a great time to go solar in North Carolina.<\/span><\/p>","updated_at":"2023-04-14 06:37:49","20":"2023-04-14 06:37:49","diy_solar":"<p>Yes you can! In some cases, you can save $3,000 or more when you install solar yourself, even after receiving the federal tax credit. Despite the potential for savings, data from Lawrence Berkeley Labs shows that only about 3% of homeowners choose DIY solar. <\/p>\r\n<p>Reasons for this include:<\/p>\r\n<ul class=\"list-disc list-inside ml-4\">\r\n<li>The permitting and inspection process for the utility, the state, and municipalities can be quite complex.<\/li>\r\n<li>The installation work is both dangerous and difficult, with electrical work having to be performed at heights.<\/li>\r\n<li>Often times, solar electricity customers will be charged a premium for DIY installations, which can limit savings.<\/li>\r\n<li>In some states, a solar system needs to be installed by a qualified solar contractor in order to take advantage of incentives. In North Carolina, in order to get any Go Solar NC incentives or financing options, a solar system must be installed by a registered PV contractor with at least one employee that has 35 hours of solar PV training, has passed the NABCEP entry-level exam, and has proof that they have installed at least 2 solar PV systems.<\/li>\r\n<\/ul>\r\n<p> <\/p>\r\n<p>SolarReviews does not recommend DIY solar installations unless you have suitable skills. However, for those who do, SolarReviews published <a href=https://www.solarreviews.com/"https:////www.solarreviews.com//solar-panels//solar-panel-kits/">a comparison table displaying solar panel kit prices from the top 10 leading solar kit websites in the US<\/a>.<\/p>","21":"<p>Yes you can! In some cases, you can save $3,000 or more when you install solar yourself, even after receiving the federal tax credit. Despite the potential for savings, data from Lawrence Berkeley Labs shows that only about 3% of homeowners choose DIY solar. <\/p>\r\n<p>Reasons for this include:<\/p>\r\n<ul class=\"list-disc list-inside ml-4\">\r\n<li>The permitting and inspection process for the utility, the state, and municipalities can be quite complex.<\/li>\r\n<li>The installation work is both dangerous and difficult, with electrical work having to be performed at heights.<\/li>\r\n<li>Often times, solar electricity customers will be charged a premium for DIY installations, which can limit savings.<\/li>\r\n<li>In some states, a solar system needs to be installed by a qualified solar contractor in order to take advantage of incentives. In North Carolina, in order to get any Go Solar NC incentives or financing options, a solar system must be installed by a registered PV contractor with at least one employee that has 35 hours of solar PV training, has passed the NABCEP entry-level exam, and has proof that they have installed at least 2 solar PV systems.<\/li>\r\n<\/ul>\r\n<p> <\/p>\r\n<p>SolarReviews does not recommend DIY solar installations unless you have suitable skills. However, for those who do, SolarReviews published <a href=https://www.solarreviews.com/"https:////www.solarreviews.com//solar-panels//solar-panel-kits/">a comparison table displaying solar panel kit prices from the top 10 leading solar kit websites in the US<\/a>.<\/p>","city_2_id":0,"22":0,"city_3_id":0,"23":0,"state_tax_credit":0,"24":0,"state_tax_credit_amount":"0.00","25":"0.00","diy_solar_allowed":1,"26":1,"pros":"<p><span style=\"font-weight: 400;\">The biggest advantage in North Carolina for installing solar panels is the state's solid net metering policy and the 30% federal tax credit. Along with this, North Carolina receives plenty of sunshine throughout the year that will be putting your solar systems to great use.<\/span><\/p>","27":"<p><span style=\"font-weight: 400;\">The biggest advantage in North Carolina for installing solar panels is the state's solid net metering policy and the 30% federal tax credit. Along with this, North Carolina receives plenty of sunshine throughout the year that will be putting your solar systems to great use.<\/span><\/p>","cons":"<p><span style=\"font-weight: 400;\">The disadvantage of installing solar panels in North Carolina is the dwindling rebates and incentives due to utility companies meeting their renewable energy goals. Also, net metering changes for the state's largest utility lower solar energy bill savings. <\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Despite all this, the federal solar tax credit and state-wide net metering are two great reasons to go solar in North Carolina!<\/span><\/p>\r\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><br \/><\/p>","28":"<p><span style=\"font-weight: 400;\">The disadvantage of installing solar panels in North Carolina is the dwindling rebates and incentives due to utility companies meeting their renewable energy goals. Also, net metering changes for the state's largest utility lower solar energy bill savings. <\/span><\/p>\r\n<p><span style=\"font-weight: 400;\">Despite all this, the federal solar tax credit and state-wide net metering are two great reasons to go solar in North Carolina!<\/span><\/p>\r\n<p><br style=\"font-weight: 400;\" \/><br style=\"font-weight: 400;\" \/><br \/><\/p>","average_monthly_electrical_usage":0,"29":0,"other_incentives":"<h4>Utility incentives <\/h4>\r\n<p><span style=\"font-weight: 400;\">Duke Energy has historically offered a solar rebate program to its customers. However, the program closed its doors in 2023. <\/span><\/p>\r\n<p>But, the utility company is in talks to create a new incentive program potentially. It might even develop an energy storage rebate. Until then, though, don't expect an additional rebate from Duke. <\/p>\r\n<p><br style=\"font-weight: 400;\" \/><strong>Property tax exemptions<\/strong><\/p>\r\n<p>North Carolina does have a property tax exemption for solar panel systems. Under the Property Tax Abatement for Solar Electric Systems, 80% of the assessed value of the solar system is exempt from the homeowner's property taxes.<\/p>","30":"<h4>Utility incentives <\/h4>\r\n<p><span style=\"font-weight: 400;\">Duke Energy has historically offered a solar rebate program to its customers. However, the program closed its doors in 2023. <\/span><\/p>\r\n<p>But, the utility company is in talks to create a new incentive program potentially. It might even develop an energy storage rebate. Until then, though, don't expect an additional rebate from Duke. <\/p>\r\n<p><br style=\"font-weight: 400;\" \/><strong>Property tax exemptions<\/strong><\/p>\r\n<p>North Carolina does have a property tax exemption for solar panel systems. Under the Property Tax Abatement for Solar Electric Systems, 80% of the assessed value of the solar system is exempt from the homeowner's property taxes.<\/p>","pace_program":"","31":"","state_tax_credit_description":"","32":"","rebates":null,"33":null,"net_metering_content":"<h4>Net metering<\/h4>\r\n<p><span style=\"font-weight: 400;\">North Carolina has a state-wide <\/span><a href=https://www.solarreviews.com/"https:////www.solarreviews.com//blog//what-is-net-metering-and-how-does-it-work/"> See all local installers

Charlotte solar panel cost & savings calculator

Current solar incentives and tax credits available in Charlotte, NC

Duke Energy solar rebate program

Duke Energy will provides their Charlotte customers $0.60 per watt of solar they install, up to $6,000. This incentive can drastically cut down on what you pay to install solar. For example, if you install a 6 kilowatt (kW) solar system, you'll get a $3,600 rebate! 

The 30% federal solar tax credit explained

The most significant incentive to install solar panels for homes and and businesses is the federal tax credit. Right now, the federal tax credit is equal to 30% of the total cost to install a solar system. The amount of the tax credit is then deducted from your federal taxes. You can claim the credit over several years if the amount you owe in taxes is less than the amount of your tax credit. You can only take advantage of the federal tax credit if you pay federal income taxes. At the end of 2032, the amount of the tax credit will fall to 26%. Even though there is no rush to get the maximum tax credit value, you don’t want to wait when it comes to a financial investment like installing solar. The best time to go solar is now.

How much will solar panels on my home save me?

The answer to this question depends on your electricity usage. Generally speaking, the higher your power usage, the greater your potential savings are from installing solar.

The average monthly electricity usage in North Carolina is about 1,101 kWh per month. However, you are most likely using a lot more than this since this average includes small apartments and condos.

The Charlotte solar panel savings calculator uses our database of electric rates from local utilities to convert your monthly power bill into how much electricity your home uses. From there, the calculator can work out how many solar panels you need to offset your power usage, how much a solar system will cost based on prices of local solar companies, and the amount of money you will save on your electric bill.

Cost and savings for a 7.97 kW average-sized solar system in Charlotte

Cost per watt range

$2.07 - $2.53

Net cost of system

$13,578

Average payback

7.1 - 8.7 years

Annual power production

12,588 kWh

Levelized cost of solar energy

4¢ /kWh

If you don't get solar

18¢ /kWh

(forecast avg North Carolina electric rates over the next 25 years)

Average solar savings on this system over the next 25 years

$40,767

(Savings shown after repayments of capital)

Related topics:

Are solar panels worth it in Charlotte

Solar panels have fallen in price by more than 80% in the last ten years. In 2023 they also remain subsidized by the 30% federal tax credit and the net metering law making them an excellent investment. They offer a return well above the long term average return from both the share market and also property investment.

Another way to look at this question is the levelized amount you will pay for each kWh of power you will use over the next 25 years with and without solar panels. As you can see below the savings are significant.

Going solar in NC

Check out all of the ways energy providers of can help you be more energy efficient and save money.

Table 2: Available incentive programs
Eligibility: Federal incentive
Type: Personal Tax Credit
Eligibility: State incentive
Type: Net Metering

Showing 1 - 2 of 3

Note: Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.

Related solar news