Sunpro Solar: Trusted Solar Panel Installation in North Carolina
Home solar power in North Carolina has been expanding lately thanks to a combination of federal, state, and local solar power incentives and rebates. Finding the right solar panel installer in North Carolina may be overwhelming, but Sunpro Solar, a top rated solar company has you covered. Sunpro Solar has a reputation for providing quality service since 2008 and in 2020 Solar Power World ranked Sunpro Solar #5 for Top Residential Solar Installer in the United States. Let’s find out why North Carolina is such a great state to go solar.
North Carolina Solar Panels
The great state of North Carolina has quite a few things to be proud of when it comes to its history. It boasts the oldest state university in the nation. It’s also the place where the Wright Brothers first successfully took flight.
Yes, the Tar Heel state has been the birthplace of a lot of great things, and its citizens know a good thing when they see it- like solar energy. In North Carolina, solar panels are becoming more and more popular, just like everywhere else in the world. In fact, North Carolina ranks #3 in the entire country for solar energy!
And it’s not a big surprise why. Aside from keeping the environment clean and healthy, solar energy also generates clean electricity for your home, reducing your electric bill, and giving you great savings. With North Carolina solar rebates and incentives, switching to solar power is easier than ever!
In addition, Duke Energy is offering solar rebates to their customers in 2021 for switching to solar energy. Although available funds for rebates have run out already in the first half 2021, Duke customers can join a waitlist for the rebate starting in July 2021.
North Carolina Solar Incentives and Rebates
North Carolina has made state-wide policies to promote solar energy to more homes and businesses. Take advantage of North Carolina’s solar incentives such as the 26% federal tax credit, net metering, and local utility solar rebates.
Let’s go through all the incentives available to you in North Carolina:
North Carolina Tax Credit for Solar Panels
When you decide to invest in something big, like North Carolina solar panels, of course, you want to do it for the best deal available. And the best incentive of all is offered by the federal government. It’s obvious that renewable energy systems such as solar panels are the future of energy generation. To help people install solar panels, they are offering a 26% Federal Solar Tax Credit to help cover a portion of the total cost of your solar panels.
Let’s use an example. Say you purchased a new solar panel system, and the total cost was $12,000. If you took advantage of this incentive, you would get 26% of that cost back in tax credits. In this case, that would be $3,120, which would reduce the actual cost of your solar panels to $8,880. You could use that tax credit towards your tax liability for that year. And if you don’t use it all one year, it just rolls right over to the next. This tax credit has helped many people go solar in North Carolina, and you can do the same.
However, keep in mind that this incentive won’t be around forever. The Solar Tax Credit will remain at 26% through the end of 2022. Starting January 1, 2023, the tax credit will decrease to 22% of the total cost of your solar panel installation.
Does NC have a solar tax credit?
North Carolina residents can use the federal solar tax credit, which is the highest available tax credit for solar equipment, installation, and even a solar battery backup. There are also other programs such as net metering and solar rebates through your utility company, such as Duke Energy, for homeowners of North Carolina.
Net Metering for North Carolina Solar Panels
Solar panels save you money each month, thanks to the electricity they produce, and keep the environment clean and pristine. There’s also another great way to get the most out of your solar panel system called net metering.
Net metering a system in which you sell any excess electricity produced by your solar panels to your utility company. They will then credit your account for this energy, which reduces your monthly bill even further. Currently, the following utility companies offer net metering. Many municipal utilities and electric co-ops offer net metering as well. Please note that the requirements below are all handled on your behalf by Sunpro Solar. They are simply listed for your knowledge.
Duke Energy Progress
North Carolina Solar Rebates
As if the Federal Solar Tax Credit and net metering weren’t good enough incentives, there’s another one you can take advantage of! If you’re a customer of Duke Energy or Duke Energy Progress, you may qualify for their North Carolina Solar Rebate Program. If you do qualify, you could get a rebate of $.0.60 per watt! Solar energy systems of 10 kW or less are eligible for a maximum rebate of $6,000.
Aside from the program being first-come, first-serve, there are only a few requirements. The customer must:
- Complete and submit their Solar Rebate Application within 90 days of installing their solar panel system.
- Complete and submit any other required documentation.
- Qualify for Net Metering.
- Retain service under the rider for a minimum of ten years from the date of the initial participation.
- Own or lease the PV systems installed on their property.
- The customer may apply to the program prior to the installation of the system, in which case a written guarantee will be provided to reserve the rebate for the owner.
- The installation must be completed no later than December 31st of the application year for residential customers.
- For commercial customers, their systems must be installed no later than one year from the date of an executed interconnection agreement by the company.
Property Tax Exemption for North Carolina Solar Panels
When you install solar panels on your home, your property value increases. This is yet another great perk of installing solar panels! However, you may be concerned that this added value will also add to your property taxes. But don’t worry. The North Carolina government has decreed that 80% of the value of your solar panels is exempt from property taxes. The added value to your home will give you more sellers power should you ever need to move and are unable to take your solar panels with you.
How much does it cost to go solar in NC?
How much does it cost to go solar in NC? The cost of solar in North Carolina depends on a lot of factors besides the sticker price of the unit including the size of your home, your energy needs, solar incentives available to you, among other things. To best understand the cost of solar in your area, these factors should be discussed with a qualified Solar Sales Specialist who can offer you an appropriate quote for your particular situation.
The good news for North Carolina residents is it’s a prime state for solar incentives that help to offset the initial price tag. In addition, with high electricity bills in NC, your solar system will pay for itself at some point and then will start making you money.Free Solar Quote
Solar Panels Increase Home Value in North Carolina
Not only do solar panels save you money, they also add value to your home. And if you live in North Carolina, according to CNBC, it’s one of the top states in the country for the highest selling value with solar installed, coming in at #3. Here are their rankings for how much solar adds value to the median-valued home:
- New Jersey: 9.9% or $32,281
- Pennsylvania: 4.9% or $8,589
- North Carolina: 4.8% or $8,996
- Louisiana: 4.9% or $7,037
- Washington: 4.1% or $15,916
- Florida: 4% $9,454
- Hawaii: 4% or $24,526
- Maryland: 3.8% or $10,976
- New York: 3.6% or $10,981
- South Carolina: 3.5% or $5,866
Even the experts agree! In a comprehensive report done by the US Department of Energy and National Renewable Energy Laboratory (NREL), they found out having solar panels installed to your home helps sell your home faster and get more money for it!
On average, solar panels add $20 of value for every $1 you save on your electric bill. So if you saved $200 a month on your electric bill with solar panels, you’d have an additional $4,000 of value added to your home.
And again in 2015 the Department of Energy and Berkeley Laboratory confirmed these findings with another study on the real estate market. After analyzing 22,000 homes, they found that homes with solar panels fetched a higher asking price than those without. About $4/watt, which comes out to be around $15,000 for residential, depending on your home and solar system.
In addition, solar panels can help your property spend less time on the market. In another study done by NREL, they found that solar properties earned about 17% more at closing, in addition to selling 20% faster.
Sunpro Solar, Trusted North Carolina Solar Installation Company
Sunpro Solar has been installing solar panels for over ten years. Our technicians are experienced and licensed, our solar panels are LG and our inverters are from Enphase, both leading brands in the solar industry.
With each installation also comes:
- Our 25-year Production Guarantee
- Our 25-year Labor Warranty
- A FREE Energy Audit to make sure you see maximum savings.
At Sunpro Solar, we pride ourselves on offering nothing less than the best service to our customers. We offer stress-free, turnkey solutions so that you get all the benefits of going solar without having to worry about a thing. We service the greater Fayetteville, Raleigh, and Winston-Salem areas. Contact us today to learn more!Free Solar Quote