Solar Savings Calculator for Charlotte, NC
Homeowners in Charlotte pay an average of $148/month for electricity through Duke Energy Carolinas. With 4.9 peak sun hours per day, solar panels can significantly reduce your energy costs.
$148
Avg Monthly Bill
13.8¢/kWh
Electricity Rate
4.9h/day
Peak Sun Hours
$48,243
Est. 25-Year Savings
Calculate Your Savings in Charlotte
Adjust Your Details for Charlotte, NC
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$19,440
Federal Tax Credit (30%)
-$5,832
Net Cost
$13,608
Annual Savings
$1,776
Payback Period
7.7 years
25-Year Savings
$48,243
Return on Investment
355%
* Estimates based on 4.9 peak sun hours/day in Charlotte, NC, system cost of $2.7/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Charlotte
Utility & Permits
- Utility Company
- Duke Energy Carolinas
- Permit Cost
- $350
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.2 kW
- Panel Count
- 18 panels
- Gross Cost
- $19,440
- Net Cost (after credits)
- $13,608
Available Incentives for Charlotte, NC
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
North Carolina Renewable Energy Tax Credit
Excludes 80% of the appraised value added by solar from property taxes.
Other Cities in North Carolina
More Solar Tools for Charlotte
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