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{"id":1171,"date":"2022-06-24T13:46:09","date_gmt":"2022-06-24T13:46:09","guid":{"rendered":"https:\/\/wgsi.org\/?p=1171"},"modified":"2022-06-24T13:46:10","modified_gmt":"2022-06-24T13:46:10","slug":"charlotte","status":"publish","type":"post","link":"https:\/\/wgsi.org\/solar-installation\/charlotte\/","title":{"rendered":"Solar Panels Charlotte, Carolina"},"content":{"rendered":"\n

How much do solar panels cost in Charlotte, NC?<\/strong><\/h2>\n\n\n\n

Solar panels in Charlotte are actually a good bit below the national average of $3.00 per watt at around $2.25-2.50. Most solar panels are sold in 250 watt sizes, meaning you\u2019re going to pay something in the arena of $560-$625 for solar panels. An average home is going to required between 6kw and 8kw of solar panels to be completely self-sufficient from the grid, meaning you\u2019re looking at something between $12,500 and $17,500 for your panels. While this may seem cost prohibitive, read on, because there are a number of rebates, tax credits and other incentives available that will help whittle down the cost of a system significantly. <\/p>\n\n\n\n

What are the benefits of going solar in North Carolina? <\/strong><\/h2>\n\n\n\n

There are a number of incentives in place in North Carolina that make it a great place to go solar. As a matter of fact, all things considered, North Carolina is probably one of the most solar-ready states in the U.S. Let\u2019s take a look at a few of the major benefits: <\/p>\n\n\n\n

  • North Carolina\u2019s net metering laws are very good, which essentially means that your excess electricity is not going to go to waste. Net metering is the process by which your utility measures your energy production and the amount of electricity your system feeds back into the grid. This is the method by which your system will ultimately \u201cpay\u201d for itself, by selling electricity back to the utility, meaning you will receive either a cash payment each month for the electricity you \u201csell\u201d them, or you\u2019ll receive credits toward future electric bills. Either way, it\u2019s a huge incentive for anybody considering installing a solar power system. North Carolina law calls for full 1:1 net metering, meaning for every kilowatt you put in, you get credit for 1 kilowatt, whether that\u2019s in the form of a cash payment or as a credit toward future energy bills. <\/li><\/ul>\n\n\n\n
    • North Carolina has state interconnection standards that mean it will be easier and cheaper to install a solar power system anywhere you choose to do it in the state. This also has the added bonus of usually making net metering more accurate, which is definitely something you\u2019re going to appreciate. <\/li><\/ul>\n\n\n\n
      \"\"<\/figure>\n\n\n\n

      – North Carolina has a couple of electric utility companies that offer rebate programs. Duke Energy Progress has a rebate program offering up to $250 per kilowatt, which with a normal home will come out to between $1500 and $2000, not a bad little rebate all things considered. For more information, search for :Duke Solar Rebate FAQ in google. The Tennessee Valley Authority on the other hand offers a flat one time payment of $1,000 upon installation of your solar power system, which is again not a bad little chunk of change, if that encourages you on going forward with your solar installation. <\/p>\n\n\n\n

      – North Carolina law prohibits the reassessment of a home\u2019s property value due to a solar installation. In other words, your property taxes legally cannot go up because you added solar panels. So your property value will increase, but your taxes will not- win\/win. <\/p>\n\n\n\n

      – The federal government offers the ITC (investment tax credit) which currently allows you to claim 26% of the cost of a solar power system as a credit toward your federal income tax liability. This could be a savings of anywhere from $3,000 to $5,000 on most home systems- a huge bonus for going solar. <\/p>\n\n\n\n

      – North Carolina\u2019s PBIS (Performance Based Incentive System) offers incentives to solar power producers whereby you may earn renewable energy credits depending on your system\u2019s output as measured by your utility. This is where your state net metering laws help out- your utility has to measure your output the way the state says, and therefore they can\u2019t creatively give you less credit than you deserve. <\/p>\n\n\n\n

      – The average home increases in value somewhere between $10,000 and $20,000 with the installation of solar panels, which in and of itself is worth the price of installation in many cases if you are planning to sell your home sometime in the next 10-20 years. A realtor can help you get a better idea of exactly how much that might increase the value of your home. <\/p>\n\n\n\n

      – The \u201cpay back\u201d period for a solar panel installation in North Carolina is something in the range of 6-8 years, which is shockingly fast compared with many states (Some states have a payback period as long as 15 years). If your solar panels \u201cpay\u201d for themselves through savings, rebates, incentives, etc in as few as 6-8 years, you may as have as many as 20 years of \u201cfree\u201d electricity ahead of you, not to mention the various credits you will earn along the way. So once again, while your initial investment is high, it will absolutely pay for itself given a long enough timeline, and more than likely will pay for itself many times over, with an estimated savings of $40,000 + over the lifetime of your solar panels. <\/p>\n\n\n\n

      How much solar power do I need? <\/strong><\/h2>\n\n\n\n

      This depends on a lot of factors, things like: Size of your home, number of residents, strength of your insulation, hot water usage, whether or not your home has natural gas lines, what temperature you prefer it to be, etc. Most American homes are going to require at least 6 kw of solar panels to be completely independent of the grid, while some may require as many as 8 kw or more. Your solar installer can give you a much better idea of what you need by looking at your past electricity bills. <\/p>\n\n\n\n

      How long do solar panels last?<\/strong><\/h2>\n\n\n\n

      Most solar panels used for home installations are warrantied for 20-25 years, and most solar installation companies offer warranties for similar lengths of time. So you can most likely expect your solar panels to last and remain productive for a minimum of 20 years, with a possibility of 25 years or more. In North Carolina, where your solar panels will most likely pay for themselves within 6 to 8 years, this means you can expect to enjoy \u201cfree\u201d electricity for more than a decade, possibly even two. <\/p>\n\n\n\n

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      Types of Panels & Inverters<\/strong><\/h2>\n\n\n\n

      Obviously solar panels are what we know about- panels that collect sunlight for use as energy to power your home- but what are inverters?<\/p>\n\n\n\n

      Inverters are the devices that actually convert that sunlight into usable electricity, and every solar installation will require them to work. So what types of panels and inverters are there out there, and which one is right for you? Below is just a very quick primer on what options there are available:<\/p>\n\n\n\n

      There are two basic types of panels used in home installations- Monocrystalline and polycrystalline. Monocrystalline panels are the more expensive option, so many homeowners will shy away from them. But, they are smaller, more efficient and work with less direct sunlight, meaning they are good for areas that get more shade or cloud cover. Polycrystalline panels on the other hand tend to be bigger and are often installed on the ground. They need more direct sunlight to work so are best installed away from anything that may shade them. <\/p>\n\n\n\n

      When it comes to inverters, the kind you use will largely be dictated by what kind of panels you use and where your panels are arranged. Generally speaking, there are three kinds- string inverters, micro-inverters and power optimizers. They all come with different costs, pros and cons, but the kind of inverters you use are generally going to depend on what sort of panels you\u2019re using, where they\u2019re located and how they\u2019re arranged, so your installer will be able to give you a better idea of what kind you need. <\/p>\n\n\n\n

      How does weather affect solar panels?<\/strong><\/h2>\n\n\n\n

      Weather is a major consideration when considering a solar installation. Some parts of the world are simply better suited to solar power than others, though solar panels can be productive nearly anywhere on Earth. The state of North Carolina certainly falls into that category, averaging well over 200 days of sunshine per year. A few things to think about: <\/p>\n\n\n\n

      • Fog \/ Cloud Cover- On days of heavy cloud cover or fog, your solar panels could <\/li><\/ul>\n\n\n\n

        produce as little as 10-30% as much power as they usually produce on a sunny day.<\/p>\n\n\n\n

        • Rain\u2013 Aside from the obvious negatives of cloud cover, rain is actually a positive for solar panels, as it helps wash away the dirt and grime that will naturally accumulate on them over time.<\/li><\/ul>\n\n\n\n