North Carolina Free Solar Panels

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 free solar panels. Sunedison built a 17 2 megawatt solar farm in davidson county. Legislation enacted in nc allows for cities and counties to offer low interest loans for solar panels and other energy upgrades. The average cost of a solar panel installation in north carolina ranges from 11 602 to 15 698. Federal investment tax credit.

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. 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. North carolina solar power overview. 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.

If you think that seems low you re right. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays. On a cost per watt w basis a solar panel installation in north carolina ranges in price from 2 32 to 3 14. The north carolina solar carve out numbers have already been achieved by the state s utilities.