North Carolina's solar power industry is among the best in the country. With great incentives and a bountiful amount of sunlight, the state is a great choice for solar power systems. This article will help you decide if solar energy is right for you.
Grid Connected Solar Power Systems In North Carolina (2012)
- Systems: 0.5 Megawatt
- Non-Residential Solar Power Systems: 20.0 Megawatt
- Utility: 101.9 Megawatt
- Total: 122.4 Megawatt
- Cumulative: 207.9 Megawatt
North Carolina is among the top ten states in the nation for solar energy production. The state has over ten times the cumulative installed capacity of Michigan, a state with roughly the same population size. Additionally, the tech company Apple recently purchased 100 acres of land in the state for a new solar power farm, which will lead to continued growth for North Carolina's solar industry.
Cost of Electricity in North Carolina
- Electricity Price: $0.10 per kwh
- Average Electricity Bill: $159.00
- Average Bill after Solar: $68.00
Switching to solar power significantly reduces your energy costs. North Carolina solar power users cut almost two thirds from their average electrical bill. A system will generally take 8.8 years to pay for itself, a low payback time. North Carolina also allows for net metering, which means that you may sell back any excess energy to the utility company. With the state's top electric utilities offering this service, net metering is great news for solar energy users.
The average solar radiation in North Carolina is between 3 and 4 Kilowatt per day over an area of 1 square meter (10.76 square foot). This is the same total shared by sunny states such as Florida and Louisiana, representing an abundant amount of sunshine.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: 35% Maximum Incentive $10,500
- State Solar Rebate: None
- Property Tax Exemption: 80%
- Sales Tax Exemption: None
North Carolina is home to many substantial solar incentives. While the state does not offer sales tax exemption, an 80% property tax exemption and a $10,500 tax credit are great benefits. In addition, the Federal Tax Credit also applies. While leasing a solar energy system is available in this state, these incentives are only accessible to those who purchase solar energy systems.
Solar Installers in North Carolina
There are 137 solar companies in North Carolina, employing 3,100. All solar installers must be accredited electrical contractors licensed in the state. Make sure to verify your solar installer online, or by calling (919) 733-9042.
Summary: Good Conditions for Solar Power Systems
North Carolina is one of the greatest states for solar power. With superb solar incentives and strong sunshine, it's no wonder the state ranks among the top ten in terms of solar energy. Try our Solar Calculator to calculate your costs and savings, and contact solar installers in your area.
Solar Energy Fact Sheet: North Carolina, © SolarContact.com