Solar Savings Calculator for Winston-Salem, NC
Homeowners in Winston-Salem pay an average of $140/month for electricity through Duke Energy Carolinas. With 4.7 peak sun hours per day, solar panels can significantly reduce your energy costs.
$140
Avg Monthly Bill
13.5¢/kWh
Electricity Rate
4.7h/day
Peak Sun Hours
$44,144
Est. 25-Year Savings
Calculate Your Savings in Winston-Salem
Adjust Your Details for Winston-Salem, NC
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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
$1,680
Payback Period
8.6 years
25-Year Savings
$44,144
Return on Investment
307%
* Estimates based on 4.7 peak sun hours/day in Winston-Salem, 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 Winston-Salem
Utility & Permits
- Utility Company
- Duke Energy Carolinas
- Permit Cost
- $300
- Permit Timeline
- 2-3 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 Winston-Salem, 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
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