North Carolina Solar Incentives 2024
Updated August 12, 2024 | 6 min read
North Carolina ranks among the top 5 best places to go solar in the US! In the Tar Heel State, solar energy powers over 950,000 homes & businesses! So why are so many people in NC going solar?
Thanks to abundant sunshine and a variety of solar incentives, including tax credits, net metering, and more, NC residents are discovering the significant financial and environmental benefits of switching to solar.
Along with 300+ sunny days per year, North Carolina offers many solar incentives and discounts to encourage residents to convert to renewable solar energy. Read on to learn more or enter your zip code below to see exactly which solar incentive your home qualifies for!
Enter your zip code to see which NC Solar Incentives you qualify for!
Do I Qualify?
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What Solar Incentives Are Available in North Carolina?
North Carolina solar programs you may be eligible for in 2024.
The Federal Solar Tax Credit
As a homeowner in North Carolina that pays federal taxes with solar panels installed on your roof, you might be eligible for a tax credit worth 30% of your cost. For example, if your solar panel installation costs you $30,000, you might be eligible for $9000 in credit when you file for tax in 2023.
Related Reading: See if you Qualify for the Federal Solar Tax Credit
Net Metering in North Carolina
If you produce excess solar energy in your home, you can send it to the grid and get extra credits rather than storing it with your battery. The former option is cheaper and more rewarding, while the latter is not capital-intensive. North Carolina has a net metering policy that credits you for excess electricity during surplus and allows you to use those credits when you have a power generation shortage.
Related post: See which Net Metering programs you qualify for.
State Property Tax Exemption
This is the most common state-level solar tax incentive that allows you, as a homeowner, to exempt your solar system's value from your property's overall value. That means the additional value your solar installation adds to your home will not be included in your tax assessment. However, this NC solar incentive is only available to homeowners who use their properties for residential purposes only.
Building Permit Rebates
For some North Carolina residents, you can qualify for building permits and specific renewable energy technologies, including the solar system. The solar rebate is available to both private and business homeowners.
Solar Financing Options
The NC government has implemented legislation encouraging cities and counties to provide low-interest loans for homeowners looking to install solar panel systems and other green energy technology. Thus, you can get an interest rate of not more than 8% for a loan term of 20 years or less. The terms allow you to renew the loan as needed. Read more about financing options and learn how to get free solar panels installed in North Carolina.
Are Solar Panels Worth It in North Carolina?
With abundant sunshine, generous incentives like the 30% federal solar tax credit, rising electricity costs, and the potential to increase your home's value, solar panels are a smart investment for most North Carolina homeowners. While factors like roof suitability and energy usage should be considered, the potential savings and environmental benefits make solar a compelling option. To learn more about whether solar is right for you, read our full review in "Are Solar Panels Worth It in North Carolina?" and get a free personalized solar quote today.
Get started with your free NC Solar Savings quote!
Going Solar in North Carolina
EcoGen America is a North Carolina based solar company dedicated to educating and assisting homeowners on their path to renewable solar energy. With a free solar quote, you will have access to a dedicated solar expert who can show you all of your savings options and answer all of your questions about solar energy. Start today, with no costs and no obligation to explore all of your solar options in North Carolina!
Enter your zip code to see which NC Solar Incentives you qualify for!
Do I Qualify?
Please enter a zip code
Why Trust EcoGen?
At EcoGen America, we take pride in the credibility of our information and ensure its accuracy by cross-referencing our data with esteemed institutions such as the U.S. Department of Energy (DOE), the Solar Energy Industries Association (SEIA), and the National Renewable Energy Laboratory (NREL). Our rigorous validation process underscores our commitment to delivering trustworthy and up-to-date solar content with editorial integrity. Our partners do not direct our editorial content. Learn more
Yes, North Carolina residents are eligible for a 30% solar panel tax credit under the Green Energy Tax Credit. This federal tax credit is set to expire in 2030 unless it is extended by the government.
Want to see how much you could save with solar in North Carolina?
Use our Free Solar Savings Calculator to see your potential savings by switching to solar.