Nc Solar Panel Credit

Considering installing solar panels at your home in north carolina.

Nc solar panel credit. An average 6 kilowatt kw system would be eligible for a rebate of 3 600. As a credit you take the amount directly off your tax payment rather than as a deduction from your taxable income. North carolina s solar rebate program covers all customers of duke and duke energy progress. As of september 2020 the average solar panel cost in north carolina is 2 73 w.

See how this one time rebate can make going solar more affordable. The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing. 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. An average sized residential solar.

All of north carolina can take advantage of the 26 federal tax credit which will allow you to recoup 26 of your equipment and installation costs for an unlimited amount. You can claim the credit for your primary residence vacation home and for either an existing structure or new construction. North carolina no longer offers state solar tax credits. Given a solar panel system size of 5 kilowatts kw an average solar installation in north carolina ranges in cost from 11 602 to 15 698 with the average gross price for solar in north carolina coming in at 13 650.

The program provides rebates of 60 per watt for homeowners so a typical 5 kw system at an average cost before rebate of 3 per watt would cost around 12 000 instead of 15 000.