Solar Panels Cost 11k-20k in Morehead City, NC | November, 2024

Solar Panels Cost $11k-$20k in Morehead City, NC | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Morehead City, NC in 2024?

As of November, 2024, the current price to go solar in Morehead City, NC is $3.29 per watt.

This means that, solar panels will cost you approximately, on average, $3,290 per 1000 watts (1 kW) of generation capacity. In Morehead City, you can expect to spend about $11,515 for a 5 kW solar panel install after factoring in the 30% federal income tax credit. However, a 5kW system may not be big enough to fully meet your energy demands.

Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for residential solar on homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Morehead City: $11,515US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Morehead City: 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.
Morehead City: $19,656US Average: $16,169

Solar Potential in Morehead City

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 12.6kkWh AC per yr.

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

The monthly kWh usage for a Morehead City energy consumer is 1,021, with a typical electric bill of $150.44. Smaller houses, including condos and duplexes, are also covered in the statistics cited in the preceding sentence.

The average electricity rate in Morehead City, NC in November 2024 is 14.73¢ per kWh.

Typical electricity users in Morehead City may need a solar system of 9 kW or larger to meet their entire electricity consumption demands. Initially, a 9 kWsolar installation costs about $29,610, with the 30% tax credit, this drops to $20,727.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Morehead City

Displayed below and to the left, you will see a thorough pricing structure for different solar panel system sizes installed in Morehead City. The investment for a larger solar panel setup is higher, but it also provides higher electricity savings and increased income tax credits.

Using the solar panel cost calculator located to the right and below, you can view a detailed cost and benefit analysis based on an average electric bill of $150.44 in Morehead City. For results that are more personalized, modify the $150.44 to align with your regular electricity bill.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,128 a year
Est. Price
$11,515
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 6,169 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,354 a year
Est. Price
$13,818
Savings from a 6kWthis system
  • Est. yearly production 9,024 kWh
  • Est. monthly savings $113
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.99 tons a year
  • Equivalent to planting 137 trees a year
  • Equivalent to driving 7,403 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,579 a year
Est. Price
$16,121
Savings from a 7kWthis system
  • Est. yearly production 10,528 kWh
  • Est. monthly savings $132
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.49 tons a year
  • Equivalent to planting 160 trees a year
  • Equivalent to driving 8,637 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,805 a year
Est. Price
$18,424
Savings from a 8kWthis system
  • Est. yearly production 12,032 kWh
  • Est. monthly savings $150
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.98 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,844 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,030 a year
Est. Price
$20,727
Savings from a 9kWthis system
  • Est. yearly production 13,536 kWh
  • Est. monthly savings $150
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.98 tons a year
  • Equivalent to planting 183 trees a year
  • Equivalent to driving 9,844 mi less a year

Morehead City Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar energy or wind energy installation expenses. To see if you qualify, use our REAP Grant eligibility tool.

Homeowners can qualify for a 30% federal income tax credit for installing residential solar panels, making solar power a sensible option throughout much of the country. Alongside federal efforts, state and local programs help to support the use of solar power.

A total of 10 solar rebates and incentives are available in North Carolina through various utility companies and government agencies.

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?

If you plan living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Morehead City. With a 5 kW solar system in Morehead City, NC, the average savings over a 20 period is $24,590.6, with break even usually occurring at 6 years.

The cost of not having solar panels in Morehead City, NC

Besides missing out on the aforementioned savings, not installing solar panels or any backup energy system leaves you totally reliant on your electric utility for power. Recent news has demonstrated that complete dependence on your utility company is not always ideal.

Lately, utilities in Morehead City have recorded an average of 1.11 outages per customer annually. Usually, outages have an average duration of 130.74 minutes. However, during critical events like tornadoes, overloaded power grids, or wildlife damage, these times can extend dramatically.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Carteret County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Morehead City, NC?

Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt diminishes as the system gets larger. A majority of homeowners find it advantageous to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This approach makes the most sense for maximum savings.

Make & Model - Solar panels and mounting equipment are offered in a range of makes and models. The preferences for brand that your installer has may make it vital to pick a recommended installer. Buyers frequently find that utilizing higher quality equipment results in a more favorable long-term experience.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. Despite the higher price tag, these panels produce greater energy output. Most installation experts use panels crafted from this material.

Your Property - Each property and home has its own characteristics. Factors such as trees, sloping terrain, or additional hurdles can make the installation more challenging. By using satellite images, many solar installers nowadays can assess your home and include these factors into the initial cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately passed on to consumers. Higher reviews for services and customer service are often associated with companies that pay higher wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.

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 Morehead City?

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.

Blue Ridge Sun

Max Meadows CDP, VA(276) 637-0117

Services

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

Eagle Solar and Light

Birmingham, AL(205) 202-2208

Services

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

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

8MSolar

Wake Forest, NC(919) 948-6474

Services

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

Yes Solar Solutions

Cary, NC(919) 925-4707

Services

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

Powur PBC

Del Mar, CA(866) 467-6987

Services

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

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.

Core Development Group

(201) 825-2195

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.
  • Consulting on all things solar related.

Renu Energy Solutions

Charlotte, NC(704) 525-6767

Services

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

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

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

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

Go Solar Power

West Palm Beach, FL(877) 558-1882

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

Solar Energy World

Laurel, MD(866) 856-4580

Services

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

Palmetto Solar

Charleston, SC(855) 339-1831

Services

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

Entero Energy

Austin, TX(512) 551-0742

Services

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

Silver Sun Solar

Deltona, FL(407) 832-42452

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.

Cape Fear Solar Systems

Wilmington, NC(910) 409-5533

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

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

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

PE Solar

Tempe, AZ(480) 264-0690

Services

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

City Electric Supply

Dallas, TX(866) 634-9853

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

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.

NC Solar Now

Raleigh, NC(919) 833-9096

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.
  • Consulting on all things solar related.

R&C Construction Solar

Greer, SC(888) 748-9165

Services

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

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

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

Atomic Solar Energy

Burnsville, NC(866) 704-1187

Services

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

Morehead City, NC Solar Panel Cost FAQs

  • As of November, 2024, the average per-watt cost for solar panels in Morehead City, NC is $3.29/W. The installation of a 5 kW solar panel system in Morehead City, NC will cost about $11,515 after federal tax credits.
  • Utilities and government agencies in North Carolina are currently offering 10 different rebates and incentives. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
  • Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Your initial quotes will often contain information about financing options provided by installers.
  • Yes, in Morehead City, NC, 5 kW solar panel systems usually pay off in 6 years, providing an average electricity cost savings of $24,590.6 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-01