How Solar Power Can Solve the Problem of Electricity Bill Increases in Charlotte and Raleigh, North Carolina
October 30, 2023
North Carolinians are facing skyrocketing electricity rates amidst statewide heat waves and recent electricity shortages, with no end in sight. Read on to learn how much to expect bills to increase, but how solar power can help you take matters into your own hands.
How rates are increasing in North Carolina:
Charlotte and Raleigh, North Carolina, are both served by Duke Energy, a utility company that is raising its rates by 16% this year. This is a significant increase, and it will put a strain on the budgets of many residents.
One way to mitigate the impact of these rate increases is to switch to solar power. Solar panels convert sunlight into electricity, which can be used to power your home. This means that you can generate your own electricity, reducing your reliance on the grid and saving money on your electric bill.
There are a number of benefits to switching to solar power in Charlotte and Raleigh, North Carolina:
- Solar energy is a clean and renewable resource. This means that it does not produce greenhouse gas or other pollutants.
- Solar energy can help you save money on your electric bill. The amount of savings you can achieve will depend on your energy usage and the size of your solar panel system, but most homeowners save hundreds of dollars per year on their bills after switching to solar.
- Solar energy can increase the value of your home. Studies have shown that homes with solar panels sell for more money than homes without solar panels.
- There are a number of financial incentives available to help you pay for a solar panel system. These incentives include the federal solar tax credit, state and local rebates, and low-interest loans.
How much can you save on your electric bill by switching to solar power in Charlotte and Raleigh, North Carolina?
The amount of savings you can achieve will depend on your energy usage and the size of your solar panel system. However, most homeowners save hundreds of dollars per year on their bills after switching to solar.
For example, a homeowner in Charlotte with a 6 kW solar panel system can expect to save an average of $1,200 per year on their electric bill. A homeowner in Raleigh with a 6 kW solar panel system can expect to save an average of $1,100 per year on their electric bill.
How much does it cost to install a solar panel system in Charlotte and Raleigh, North Carolina?
The cost of installing a solar panel system will vary depending on the size of the system and the type of equipment you choose. However, the average cost of a solar panel system in North Carolina is around $2.50 per watt.
For a 6 kW solar panel system, this would equate to a total cost of $15,000. However, there are a number of financial incentives available to help you pay for a solar panel system, such as the federal solar tax credit, state and local rebates, and low-interest loans.
After taking into account financial incentives, the average cost of a 6 kW solar panel system in North Carolina is around $18,240. This means that most homeowners can expect to save money on their electric bills from the very first month after switching to solar.
[Related: Average Cost of Solar Panels and Installation Cost]
How to get started with solar power in Charlotte and Raleigh, North Carolina
If you are interested in switching to solar power with Freedom Solar Power, the first step is to contact us for a free consultation. We will assess your property and provide you with an estimate for the cost of installing a solar panel system.
Once you have received an estimate, you can start to compare different solar installers and choose the one that is right for you. However, we encourage you to do your research and choose a solar installer that has a good reputation and is licensed and insured.
Once you have chosen Freedom Solar Power, we will begin the process of installing your solar panel system. This process typically takes 1-2 weeks. Once your solar panel system is installed, you can start generating your own electricity and saving money on your electric bill.
Get started with solar in North Carolina
Solar power is a great way to reduce your reliance on the grid, save money on your electric bill, and increase the value of your home. If you are a Duke Energy customer in Charlotte or Raleigh, North Carolina, we encourage you to consider switching to solar power.
Contact us today at (800) 504-2337 or complete our online inquiry form to learn more about our solar energy solutions and how we can help you.
