Cosmo Solaris

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North Carolina

Solar Energy System

The bright sun in 213 days of the year, strong net metering policy, lucrative rebates, and tax exemptions make North Carolina one of the country’s top potential solar states. North Carolina has a bright future in solar renewable energy. It is ranked 4 in the states with solar installations.

The initial investment to go solar panels north Carolina is pretty much higher, and everyone can’t afford it. But federal and local incentives are created to make it affordable, thus motivating homeowners to go solar.

If you are looking for where to start, we will provide you with a turnkey solution. At Cosmo Solaris, we aim to give you a hustle-free solution for your solar energy system. If you have any questions regarding equipment, installation, process, rebates, or incentives, feel free to contact, us and we will assist you in the best possible way.

Federal Tax Credit (FTC)

FTC is also known as the investment solar tax credit, that gives you a rebate of 30% on the cost of the installation of north Carolina solar panels in the form of a tax credit.

The tax is available for anyone who installs or upgrades the solar energy system and can be claimed on your annual tax return. If you don’t have enough tax liability to utilize 30% of the tax credit, then the remaining credit will rollover to next year’s tax returns.

Those who choose to finance their solar energy system will get the FTC on the complete loan amount. But if homeowners go for a solar lease, they won’t be able to get this incentive.

 

North Carolina Net Metering

It is a billing policy that enables homeowners to save money on their electricity consumption. Solar energy doesn’t produce electricity in the evenings, and a lower amount is produced on cloudy days and in the winter. You can import electricity from the grid, when your solar energy system is producing less than your consumption. By using solar panels in North Carolina, electricity can be exported back to the grid, when it is producing more than your needs. In this case, the utility gives you power credit, which you can utilize later or even roll over to the next month.

North Carolina utilities don’t offer the one-on-one buybacks for the excess amount of electricity that is produced by your solar energy system. It means that the excess amount of energy is not exported at the same rate at which the homeowner will import electricity from the grid. North Carolina utilities purchase excess electricity produced by the homeowners at the rate that the utility would pay to the power generation company otherwise. However, the purchase of excess energy is credited in kWh instead of 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

Other than saving on your electricity bills, the residential solar North Carolina increases your home value, but you don’t have to pay the extra tax for the higher home value. This is because of the renewable energy system property tax exemption, so that the homeowners don’t have to pay extra taxes as a result of the increased value of their homes after installing solar energy systems. Discover our solar panels in North Carolina and see how we’re lighting up homes in Georgia with green energy solutions.