North Carolina
Solar Energy System
North Carolina’s abundant sunshine—around 213 sunny days annually—combined with supportive policies like net metering, rebates, and tax exemptions make the state a prime location for solar energy adoption. North Carolina ranks fourth nationally for solar installations, underscoring its commitment to solar renewable energy. Despite the higher initial costs associated with solar panels in North Carolina, various federal and local incentives are designed to make solar energy more affordable, encouraging homeowners to transition to solar power.
Cosmo Solaris offers comprehensive solutions for those interested in exploring solar options. We are dedicated to providing hassle-free solar energy systems. If you have questions about equipment, installation processes, rebates, or incentives, our team is here to help.
Federal Tax Credit (FTC)
The Federal Tax Credit, also known as the investment solar tax credit, offers a 30% rebate on the cost of installing North Carolina solar panels in the form of a tax credit. This credit can be claimed on your annual tax return and is available to anyone who installs or upgrades their solar energy system. If your tax liability cannot utilize the full 30% credit, the remaining amount can be rolled over to subsequent tax years. Homeowners financing their solar energy system can receive the FTC on the entire loan amount. However, this incentive is unavailable for those opting for a solar lease.
North Carolina Net Metering
Net metering is a billing policy that allows homeowners to save on electricity costs. Solar energy systems do not generate electricity at night and produce less during cloudy days or winter months. With net metering, homeowners can draw electricity from the grid when their residential solar power North Carolina systems produce less than needed. On the other hand, surplus electricity generated by the solar panel system can be exported back to the grid. The utility credits this surplus power, which can be used later or rolled over to the next month.
North Carolina utilities do not offer one-to-one buybacks for excess electricity generated by solar panels in North Carolina systems. Instead, they purchase excess electricity at a rate equivalent to what the utility would pay a power generation company. This excess energy is credited in kilowatt-hours (kWh) rather than monetary credit.
Duke Energy Solar Rebate Program
The Duke Energy offers its customers an exclusive North Carolina Solar Rebate Program to its residential, commercial and nonprofit customers. Homeowners can get $0.4 per Watt up to 10 kW on their solar energy system.
Renewable Energy System Property Tax Exemption
Duke Energy provides a unique North Carolina Solar Rebate Program for its residential, commercial, and nonprofit customers. Homeowners can receive $0.40 per watt for systems up to 10 kW. This rebate significantly offsets the initial cost of installing a residential North Carolina system, making solar energy more accessible and affordable.
Renewable Energy System Property Tax Exemption
Installing a residential solar power North Carolina system reduces electricity bills and increases home value. However, homeowners are exempt from paying extra property taxes on the increased home value due to the renewable energy system property tax exemption. This means the added value from installing solar energy systems does not result in higher property taxes.
Discover our solar panels in North Carolina and learn how Cosmo Solaris is helping to illuminate homes with sustainable energy solutions. Whether you are considering a small residential installation or a more extensive solar power system, the benefits of going solar in North Carolina are substantial.
Energy Savings and Environmental Impact
Switching to residential solar panels in North Carolina offers significant energy savings and contributes to environmental sustainability. Solar electricity allows homeowners to lessen their carbon footprint, become less dependent on fossil fuels, and help create a cleaner, greener environment. Solar energy systems generate clean, renewable energy that reduces greenhouse gas emissions and helps combat climate change.
Financing Options for Solar Panels
Financing options are available to help homeowners afford the initial cost of solar panels in North Carolina. Various financing plans, including loans and power purchase agreements (PPAs), can make the transition to solar energy more manageable. By spreading the cost over several years, homeowners can save on their electricity bills immediately while paying for their solar energy system.
Solar Panel Maintenance
Maintaining North Carolina solar panels is relatively straightforward. Regular cleaning and periodic inspections ensure that the panels operate efficiently. Most solar panels come with warranties that cover performance and maintenance, providing homeowners with peace of mind.
Adopting Solar Energy in North Carolina
North Carolina is well-positioned to become a leader in solar energy adoption. With generous incentives, supportive policies, and a favorable climate, the state offers numerous benefits for homeowners considering solar power. Cosmo Solaris is committed to providing high-quality solar solutions tailored to North Carolina residents’ needs. Contact us today to learn more about how you can benefit from solar energy and take advantage of the available incentives. Our team is ready to assist you in every step of your solar journey, from initial consultation to installation and beyond.
Discover our solar panels in North Carolina and see how we’re lighting up homes in Georgia with green energy solutions.