Cost Of Installing Solar Panels Nc

Installation for the average 5kw system ranges from 11 100 22 400.

Cost of installing solar panels nc.

As of sep 2020 the average cost of solar panels in north carolina is 2 49 per watt making a typical 6000 watt 6 kw solar system 11 038 after claiming the 26 federal solar tax credit now available. Solar panelinstallation cost guide. How long does it take to earn back your initial investment in solar panels. On a cost per watt w basis a solar panel installation in north carolina ranges in price from 2 32 to 3 14.

A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. Given a solar panel system size of 5 kilowatts kw an average solar installation in raleigh nc ranges in cost from 10 965 to 14 835 with the average gross price for solar in raleigh nc coming in at 12 900. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

As of september 2020 the average solar panel cost in north carolina is 2 73 w. They are custom based on the home roof type shading and utility. After accounting for the 26 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.