Solar Savings Calculator for Durham, NC
Homeowners in Durham pay an average of $145/month for electricity through Duke Energy Progress. With 4.8 peak sun hours per day, solar panels can significantly reduce your energy costs.
$145
Avg Monthly Bill
13.5¢/kWh
Electricity Rate
4.8h/day
Peak Sun Hours
$46,233
Est. 25-Year Savings
Calculate Your Savings in Durham
Adjust Your Details for Durham, NC
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
7.6 kW
Panel Count
19 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,740
Payback Period
8.3 years
25-Year Savings
$46,233
Return on Investment
322%
* Estimates based on 4.8 peak sun hours/day in Durham, 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 Durham
Utility & Permits
- Utility Company
- Duke Energy Progress
- Permit Cost
- $325
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.6 kW
- Panel Count
- 19 panels
- Gross Cost
- $20,520
- Net Cost (after credits)
- $14,364
Available Incentives for Durham, 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 Durham
Durham Solar IncentivesAll available tax credits and rebatesDurham Cost ComparisonSolar vs. grid costs over 25 yearsDurham System SizingHow many panels your home needsDurham Permits & RegulationsLocal permit requirementsIs Solar Worth It in Durham?Data-driven analysis for your cityDurham Financing OptionsCompare loans, leases, and PPAs
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