Solar Panels Cost 10k-19k in Greensboro, NC | November, 2024

Solar Panels Cost $10k-$19k in Greensboro, NC | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Greensboro, NC in 2024?

In Greensboro, NC, the price per watt for solar panel installations is around $3.02 per watt in November, 2024.

Put another way, solar panels will cost you $3,020 per 1 kW (or 1000 watts) of generation capacity. After subtracting the 30% federal tax credit, a 5 kW panel install in Greensboro typically costs $10,570. Subject to your energy usage, you might require a larger system.

To the left,choose your area to see the average roof size and the average maximum capacity of residential solar for homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Greensboro: $10,570US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Greensboro: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Greensboro: $17,094US Average: $16,169

Solar Potential in Greensboro

Estimated system size and solar electricity production per median viable roof in
Greensboro.

Roof size 679sq. ft.
Capacity 9.5kW DC
Electricity 11.8kkWh AC per yr.

Electricity Costs in Greensboro, NC & What that Means for Your Solar Panel Pricing

With an average monthly usage of 991 kWh, Greensboro citizens see electric bills around $134.14 each month. This number also encompasses data from apartments and other smaller homes, which typically require lower energy requirements.

The electricity rate per kWh in Greensboro, NC for November 2024 is 13.53¢.

In Greensboro, average users need a system size of 9 kW or greater to fully account for all of their power demands. Currently, a 9 kW solar system will initially set you back around $27,180, but the 30% tax credit lowers the cost to $19,026.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Greensboro

Displayed below and to the left, you can find a thorough pricing structure for various solar panel system sizes set up in Greensboro. When you select a bigger solar system, the cost is higher, but it also results in higher electricity savings and a more substantial income tax credit.

Using the solar panel cost calculator situated down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $134.14 in Greensboro. Modify the $134.14 to your usual electricity bill payment for results that are tailored to you.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,039 a year
Est. Price
$10,570
Savings from a 5kWthis system
  • Est. yearly production 7,418 kWh
  • Est. monthly savings $87
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.57 tons a year
  • Equivalent to planting 118 trees a year
  • Equivalent to driving 6,371 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,246 a year
Est. Price
$12,684
Savings from a 6kWthis system
  • Est. yearly production 8,902 kWh
  • Est. monthly savings $104
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.09 tons a year
  • Equivalent to planting 142 trees a year
  • Equivalent to driving 7,645 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,454 a year
Est. Price
$14,798
Savings from a 7kWthis system
  • Est. yearly production 10,385 kWh
  • Est. monthly savings $121
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.6 tons a year
  • Equivalent to planting 165 trees a year
  • Equivalent to driving 8,919 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,662 a year
Est. Price
$16,912
Savings from a 8kWthis system
  • Est. yearly production 11,869 kWh
  • Est. monthly savings $134
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.99 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,864 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,869 a year
Est. Price
$19,026
Savings from a 9kWthis system
  • Est. yearly production 13,353 kWh
  • Est. monthly savings $134
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.99 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,864 mi less a year

Greensboro Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farms might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Wondering if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

The federal government offers a 30% tax credit for residential solar systems, which makes solar appealing and sensible for a wide range of homeowners. There are also a range of state and local programs aimed at enhancing solar energy use.

Several utilities and government bodies in North Carolina currently offer 10 solar rebates and incentives.

Solar incentives in NC

Duke Energy - NC Solar Rebate Program

Value:Up to $50,000

Any Duke Energy Carolinas/Progress customer who installs a new solar photovoltaic system may be entitled to a rebate. The rebate amount is based on the rated capacity of the system. The rebate program's annual budget covers up to 10 MW of solar energy. 5,000 kW of the total budget is reserved for residential customers, while 2,500 kW is reserved for nonprofits. Additional information is available from the Duke Energy website.

Lumbee River EMC - Residential Weatherization Loan Program

Value:Up to $17,000

Residential customers of the Lumbee River Electric Membership Corporation may be entitled to special financing on energy efficiency improvement projects. Available loan offers and eligible projects will vary from time to time. Currently, financing may be obtained for ductwork, windows, water heating, geothermal pumps, and insulation/weatherization. The maximum available principal is $17,000 at market-rate interest. Loans will be secured either with a cosigner or using a deed of trust as collateral. Standard credit checks apply. Additional information is available from the LREMC website.

Piedmont EMC - Residential Solar and Energy Efficiency Loan Program

Value:Varies

Residential and business Piedmont Electric Membership Corporation customers may be eligible for special financing on new solar water heaters or photovoltaic systems. Loans may be available for other energy efficiency improvements. The maximum available principal for a single loan is $10,000 at 5% interest, to be repaid over seven years. Additional information and a directory of banking and lending partners are available from PEMC's website.

PSNC Energy (Gas) - Green Building Rate Discount

Value:Varies

PSNC offers special incentive rates for home and business customers whose property meets sustainable construction standards. Commercial facilities that have official LEED certification from the US Green Building Council and which are currently charged from Rate Schedule 125 will have a standing discount applied to their bills. To qualify, the property owner should submit a statement from the building's engineer attesting to low energy usage. Homes that have ENERGY STAR certification and which are currently using Rate Schedule 101 can switch to Schedule 102 rates that have the discount already applied. To qualify, homeowners should submit a copy of their ENERGY STAR certificate. Additional information is available from the PSNC website.

Haywood EMC - Residential Heat Pump and Weatherization Loan Program

Value:Varies

Homeowners in the Haywood EMC service area may be entitled to special financing on energy efficiency improvements. Eligible projects for a loan will vary from time to time. Currently, loans may fund insulation/weatherization, windows, central/room HVAC, generators, water heaters, heat pumps, ENERGY STAR certified appliances, and new solar PV/HVAC/water heaters. The maximum available principal is $35,000 at variable APR. As of 2021, interest is 3.90% on a 120-month repayment plan. Standard credit checks apply. Additional information is available from the HEMC website.

South River EMC - Solar Water Heating Rebate Program

Value:Varies

Residential and business customers of the South River Electric Membership Corporation may be entitled to rebates on new solar water heaters. The rebate amount will depend on the size and rated capacity of solar collectors. To qualify, both the solar panels and the heating module should meet Solar Rating and Certification Corporation (SRCC) standards. The system should be interconnected to the grid and have safety controls to prevent both overheating and freezing. Once a customer purchases and installs their system, they have 90 days to schedule a final utility inspection and thus claim their rebate. Additional information is available from the SREMC website.

Renewable Energy and Energy Efficiency Portfolio Standard

Value:Varies

North Carolina has both a renewable portfolio standard and an energy efficiency portfolio standard; together, they are referred to as "REPS". As of 2021, standard benchmarks require at least 12.5% of the state's retail energy to be generated from renewable sources. At least 60% of standard investment must be through new renewable energy; the remainder can be used for energy efficiency projects. Carve-outs require renewable investment to include a required proportion of solar and poultry/swine waste technologies. Compliance is measured through a Renewable Energy Credit (REC) system pegging a fixed amount of electricity to a variable dollar value. To meet their portion of the standard, utilities must either purchase credits from customers through net metering or generate them using their own renewable energy facilities. Credits expire after three years. Additional information is available from the North Carolina Utilities Commission website.

Blue Ridge EMC - Net Metering

Value:Varies

Residential customers of the Blue Ridge Electric Membership Corporation may be eligible for solar or wind net metering. Hydroelectric net metering may be available for systems rated below 25 kW. Parties to a net metering contract will be compensated for their net excess generation (NEG) at the full retail rate; however, they may be subject to higher facilities charges and minimum bills. Additional information is available from the BREMC website.

Four-County EMC - Residential Energy Efficiency Rebate Program

Value:Varies

Residential customers of the Four-County Electric Membership Corporation may be entitled to rebates on large appliances. Available rebate offers will vary from time to time. Currently, a flat $50 incentive may be claimed for new fridge/freezers, washer/dryers, dishwashers, and heat pumps at or over 16 SEER. It does not matter whether the appliance is completely new or if it will replace an older unit. To apply, proof of purchase is required. Additional information is available from the FCEMC website.

NC GreenPower Production Incentive

Value:Varies

NOTE: Applications are no longer accepted for small solar devices. NC GreenPower is a public incentive program administered by the state government in partnership with private utilities. The program effectively creates a large-scale power purchasing agreement (PPA) for owners of solar, wind, biomass, and hydroelectric systems not participating in a net metering contract. Participants will receive compensation for the energy they produce and export to the grid at a fixed per-kilowatt rate. Rate schedules depend on what technology is used to generate the energy. Additional information is available through the NC GreenPower website.

Are solar panels worth it in North Carolina?

When you intend to live in your home beyond the payback period of your solar system, solar panels are an clear choice in Greensboro. A 5 kW solar system in Greensboro, NC might save you an average of $21,623.6 over 20 years, with the break even point usually being 7 years.

The cost of not having solar panels in Greensboro, NC

Beyond missing out on the savings, the absence of solar panels or another backup energy source leads to full dependence on your electric utility for your power needs. Recent news coverage has revealed that total dependence on your utility company isn't always the most favorable scenario.

On average, customers in Greensboro have experienced 1.26 utility outages per year in recent times. The average duration of each outage is 158.4 minutes. During severe events like vandalism, overloaded power grids or wildfires, these times can grow significantly longer.

A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.

Power Outages

Currently, 0 customers are being tracked in Guilford County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Greensboro, NC?

Your Energy Needs - Even if the initial expense is higher, the price per watt drops with larger solar panel systems. Many consumers realize it's a good idea to set up a solar system that can generate enough power to offset their electric bill, because it helps them save more money.

Make & Model - Solar panels come in a range of makes and models. Because the installer might have specific brand preferences, it's essential to select a recommended installer. The selection of superior models can greatly enhance the long-term experience for buyers.

Solar Panel Type - For numerous good reasons, monocrystalline panels are now the standard in the industry. Even with a higher cost, this technology generate more energy. The majority of installers choose panels made using this material.

Your Property - Each property and home is one of a kind. Sloped land, trees, or other barriers can increase the difficulty of installing solar panels. These days, solar installers frequently utilize satellite images to evaluate your home and incorporate these considerations into the first cost estimate.

Labor Rates - The wages employees are paid from their employers are different, and these expenses are transferred to the consumers. It is frequent for companies that provide higher wages to receive better reviews for their work and customer service.

Permitting & Interconnection - Installation costs will be influenced by varying local permitting and utility interconnection fees, depending on the region. Reliable local installers will incorporate these figures into your first estimates to eliminate any surprises.

See what solar panels cost in other NC cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Greensboro?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Balex Electrical Company

Greensboro, NC(336) 298-4192

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Blue Ridge Sun

Max Meadows CDP, VA(276) 637-0117

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

8MSolar

Wake Forest, NC(919) 948-6474

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Yes Solar Solutions

Cary, NC(919) 925-4707

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Core Development Group

(201) 825-2195

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Renu Energy Solutions

Charlotte, NC(704) 525-6767

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

SolFarm Solar Co.

(828) 332-3003

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Go Solar Power

West Palm Beach, FL(877) 558-1882

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Solar Energy World

Laurel, MD(866) 856-4580

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.

Entero Energy

Austin, TX(512) 551-0742

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Cape Fear Solar Systems

Wilmington, NC(910) 409-5533

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of batteries.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

SunVolt Electric

Boone, NC(828) 773-2008

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

PE Solar

Tempe, AZ(480) 264-0690

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Auditing of energy requirements for independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

NC Solar Now

Raleigh, NC(919) 833-9096

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

R&C Construction Solar

Greer, SC(888) 748-9165

Services

  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Atomic Solar Energy

Burnsville, NC(866) 704-1187

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Greensboro, NC Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Greensboro, NC as of November, 2024 is $3.02/W. A 5 kW solar panel system will cost you around $10,570 in Greensboro, NC after the federal tax credit is applied.
  • Right now, North Carolina has 10 rebates and incentives available through a variety of utility companies and government entities. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Although paying in cash provides the most savings, several financing options for solar panels now exist that are cost-effective. Initial quotes from installers will frequently detail information about available financing options.
  • Yes, homeowners in Greensboro, NC generally see a payback time of 7 years for 5 kW solar panel systems, with electricity savings averaging $21,623.6 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-11-04