Solar Savings Calculator for Fayetteville, NC

Homeowners in Fayetteville pay an average of $145/month for electricity through Duke Energy Progress. With 4.9 peak sun hours per day, solar panels can significantly reduce your energy costs.

$145
Avg Monthly Bill
13.8¢/kWh
Electricity Rate
4.9h/day
Peak Sun Hours
$46,989
Est. 25-Year Savings

Calculate Your Savings in Fayetteville

Adjust Your Details for Fayetteville, NC

$
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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
$1,740
Payback Period
7.8 years
25-Year Savings
$46,989
Return on Investment
345%

* Estimates based on 4.9 peak sun hours/day in Fayetteville, 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 Fayetteville

Utility & Permits

Utility Company
Duke Energy Progress
Permit Cost
$300
Permit Timeline
2-3 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 Fayetteville, 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.

30% of system cost

North Carolina Renewable Energy Tax Credit

Excludes 80% of the appraised value added by solar from property taxes.

Property tax exemption for 80% of added value

Other Cities in North Carolina

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