Solar Panels Cost 10k-19k in Holly Springs, NC | October, 2024

Solar Panels Cost $10k-$19k in Holly Springs, NC | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Holly Springs, NC in 2024?

In October, 2024 in Holly Springs, NC you'll pay about $3.03/W to get solar installed.

Stemming from the cost, expect the cost to be $3,030, on average, for every 1 kW (or 1000 watts) of solar energy your panels can generate. When you subtract the 30% federal tax credit, you will pay approximately $10,605, in Holly Springs, for a 5 kW panel install. Keep in mind that a higher capacity system could be essential to meet your energy demands.

Use the left-hand menu to select your area and find out the typical roof size and the maximum generation capacity for residential solar on homes in your county. Below, you can see a detailed outline of the costs, payback period, and 20-year typical savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Holly Springs: $10,605US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Holly Springs: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Holly Springs: $21,714US Average: $15,784

Solar Potential in Holly Springs

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

Roof size 590sq. ft.
Capacity 8.25kW DC
Electricity 10.4kkWh AC per yr.

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

The typical kWh usage for a Holly Springs resident is 1,027 monthly, with an average electric bill of $153.60. It’s essential to recognize that this figure reflects the energy consumption of apartments and other smaller residences.

For October 2024, the mean electricity rate in Holly Springs, NC is 14.96¢ per kWh.

The average energy user in Holly Springs has to have a 9 kW or more solar setup to account for their entire power consumption needs. At this time, a 9 kW solar panel installation will set you back about $27,270at first, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $19,089.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Holly Springs

Located below and to the left, you can find the cost summary for different sizes of solar panel systems set up in Holly Springs. When you select a more extensive solar system, the cost is greater, but it also yields more significant electricity savings and a larger income tax credit.

The calculator to the right and below provides a detailed summary of solar panel costs and benefits, based on an average electric bill of $153.60 in Holly Springs. Change the $153.60 to your typical electricity bill payment for results that fit your situation.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,128 a year
Est. Price
$10,605
Savings from a 5kWthis system
  • Est. yearly production 7,520 kWh
  • Est. monthly savings $94
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.49 tons a year
  • Equivalent to planting 114 trees a year
  • Equivalent to driving 6,164 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,354 a year
Est. Price
$12,726
Savings from a 6kWthis system
  • Est. yearly production 9,024 kWh
  • Est. monthly savings $113
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.99 tons a year
  • Equivalent to planting 137 trees a year
  • Equivalent to driving 7,397 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,579 a year
Est. Price
$14,847
Savings from a 7kWthis system
  • Est. yearly production 10,528 kWh
  • Est. monthly savings $132
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 3.49 tons a year
  • Equivalent to planting 160 trees a year
  • Equivalent to driving 8,629 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,805 a year
Est. Price
$16,968
Savings from a 8kWthis system
  • Est. yearly production 12,032 kWh
  • Est. monthly savings $150
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.98 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,862 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,030 a year
Est. Price
$19,089
Savings from a 9kWthis system
  • Est. yearly production 13,536 kWh
  • Est. monthly savings $154
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 4.08 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,098 mi less a year

Holly Springs Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Think you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.

The federal government offers a 30% tax credit for residential solar systems, making solar attractive and practical for a variety of homeowners. Moreover, several state and local programs are in place to further encourage the adoption of solar energy.

In North Carolina, 10 solar rebates and incentives are currently available from various utilities and government organizations.

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 excellent choice in Holly Springs. In Holly Springs, NC, the installation of a 5 kW solar system can save you an average of $26,259 over 20 years, with an average break even point of 6 years.

The cost of not having solar panels in Holly Springs, NC

Beyond forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. The media has demonstrated several cases where total dependence on your utility isn't always ideal.

In recent years, the utilities in Holly Springs have had about 1.16 outages per customer each year. Outages generally last for an average of 131.46 minutes. During major occurrences like vandalism, equipment failure or thunderstorms, these times can extend significantly.

Whether a backup battery is included or not, a solar panel system could reduce the burden of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Wake County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Holly Springs, NC?

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size grows. For most consumers, installing a system that can generate enough power to reduce their entire electric bill is beneficial, providing significant savings.

Make & Model - There are a range of makes and models of solar panels. Picking an contractor with specific brand preferences means it's even more important important to go with a recommended company. The choice of high-quality models can substantially improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have earned their place as the industry standard, and for good reasons. Even with a higher cost, this technology produce more energy. The majority of installers choose panels constructed using this material.

Your Property - Each property and residence is unique. Issues like uneven land, trees, or other obstructions may add to the complexity of the installation. Currently, most solar installers can assess your home using satellite images and incorporate these elements for the initial cost estimate.

Labor Rates - Companies pay their employees in varying amounts, and these costs are passed down to consumers. It is typical for businesses that offer higher wages to garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees differ by area and will impact your final install price. Quality 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 Holly Springs?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

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

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

8MSolar

Wake Forest, NC(919) 372-0315

Services

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

Yes Solar Solutions

Cary, NC(919) 925-4707

Services

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

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

Renu Energy Solutions

Charlotte, NC(336) 565-7291

Services

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

IonSOLAR

Provo, UT(888) 781-7074

Services

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

SolFarm Solar co.

Asheville, NC(828) 332-3003

Services

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

Emerald Energy

Raleigh, NC(919) 247-3670

Services

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

Go Solar Power

Boca Raton, FL(800) 530-9597

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

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

Solar Energy World

Elkridge CDP, MD(866) 856-4580

Services

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

Palmetto Solar

Charleston, SC(855) 339-1831

Services

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

Entero Energy

Austin, TX(512) 551-0742

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(340) 227-7785

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.

Cape Fear Solar Systems

Wilmington, NC(910) 409-5533

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.

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Sigora Solar

Charlottesville, VA(434) 465-6192

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.

SunVolt Electric

Boone, NC(828) 773-2008

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

PE Solar

Tempe, AZ(480) 264-0690

Services

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

City Electric Supply

Dallas, TX(866) 634-9853

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

NC Solar Now

Raleigh, NC(919) 833-9096

Services

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

R&C Construction Solar

Greer, SC(888) 748-9165

Services

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

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

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

Atomic Solar Energy

Burnsville, NC(866) 704-1187

Services

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

Holly Springs, NC Solar Panel Cost FAQs

  • During October, 2024, the average price for solar panel installations in Holly Springs, NC is $3.03/W. A 5 kW solar panel system will cost you around $10,605 in Holly Springs, NC after the federal tax credit is applied.
  • If you live in North Carolina, you can find 10 rebates and incentives through different utilities and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.
  • Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Financing partners are often associated with many installers, and this will be detailed in your initial quotes.
  • Yes, the payback period for 5 kW solar energy systems in Holly Springs, NC averages 6 years, with electricity savings of about $26,259 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01