$145
928 kWh
666 lbs
Average solar panel installation
$16,078Federal Incentives
$4,823Total
$11,255
Average monthly bill without solar
$145Average monthly bill with solar
$40Solar will pay for itself in
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The estimated cost to install solar at your house is $16,078. We calculated this because we think your electricity usage for the year is about 11140 kWh, and a 5.78 kW size solar system on your roof would replace 72% of your usage. We are using an estimated cost of $2.78/W, which we get from Energy Sage.
The current electricity costs for Progress Energy Carolinas Inc are 16¢/kWh. So, by replacing 72% of your usage, you’ll save $1,250 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 14.54 years. If the costs of Progress Energy Carolinas Inc electricity rise 3%, then your savings will pay for your solar system in 14.12 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 730 kWh in May, to a low of 560 kWh in December. For the entire year, we estimate that your 5.78 kW sized system would produce 8060 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $4,823. The state of North Carolina generally uses Avoided Cost Rate for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Avoided Cost Rate for the extra electricity.
From Department of Energy Data, it looks like 2,911 homes have installed solar panels in your state, North Carolina.
There are 15 solar installers that operate in North Carolina. WattBuy recommends EnergySage, Palmetto, and RGR Marketing.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.