Solar Savings Calculator for Raleigh, NC
Homeowners in Raleigh 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 Raleigh
Adjust Your Details for Raleigh, 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 Raleigh, 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 Raleigh
Utility & Permits
- Utility Company
- Duke Energy Progress
- Permit Cost
- $350
- 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 Raleigh, 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 Raleigh
Raleigh Solar IncentivesAll available tax credits and rebatesRaleigh Cost ComparisonSolar vs. grid costs over 25 yearsRaleigh System SizingHow many panels your home needsRaleigh Permits & RegulationsLocal permit requirementsIs Solar Worth It in Raleigh?Data-driven analysis for your cityRaleigh Financing OptionsCompare loans, leases, and PPAs
Ready to Go Solar in Raleigh, NC?
Ready to Go Solar in Raleigh?
Get a free personalized quote for your Raleigh home. We handle permits, installation, and utility interconnection.
Get Your Free Quote