Last Updated: April 22nd, 2019 at 7:19 pm
Read Time: 2 Minutes
North Carolina residents looking at their power bills may not know that they are paying among the lowest rates for electricity in the United States. According to August 2018 data from the U.S. Energy Information Administration, the average price for residential electricity in North Carolina is the 15th lowest in the U.S. (11.49 cents per kilowatt hour). So North Carolinians, be glad that you have it better than 35 other states.
While North Carolina residents do have it better than most, switching to solar energy is still a very worthy venture in the Tar Heel State because of the ability to get the 30 percent federal tax credit along with a state-level rebate to help pay for your system. Not all states have programs like the one Duke Energy customers can enjoy, and it will reduce your solar price by thousands of dollars.
Earlier this year, Duke Energy started a five-year, $62 million program that gives its customers a rebate of 60 cents per watt for newly-installed solar systems sized at 10 kilowatts or fewer. Just two weeks after the program launched, funds allotted for residential and commercial customers for all of 2018 were exhausted. With a little more than $12 million being allocated each year, that means approximately $50 million remains over the next four years.
SOLAR EDUCATION: POWERHOME teaches the ABCs of going solar
The timing may be perfect, then, for you to consider powering your home with solar energy with help from POWERHOME Solar, the largest residential rooftop solar installer in the state. Getting solar panels installed on the roof of your home or via a ground-mounted unit will help offset the cost of what you pay the power company, allowing you to own your power and not just continually rent it from the power company. Excess energy produced by your panels is sent back to the grid, giving you credits on your utility bill.
Going solar allows you to lock in a monthly cost of your solar system while shielding yourself against inevitable rate increases that your power company will impose. Your savings become even greater once you pay off the system.
With our innovative solar program, homeowners can go solar for $0 up-front cost, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American-made and come with a 25-year warranty, with many panels expected to last well beyond that.
Please feel free to fill out the form below or contact POWERHOME Solar at 800-765-2715, and one of our solar representatives will help you determine whether your home qualifies for this program.