Residential Solar Panel Rebates, Incentives, & Tax Credits in North Carolina

Everything you need to know about solar power incentives, tax credits, and rebates in North Carolina.

Residential Home with Solar Panels on Roof

Duke Energy Incentives in North Carolina 2024:
PowerPair Solar and Battery Incentive

Duke Energy’s PowerPair solar incentive offers North Carolina homeowners a rebate of up to $3,600 for solar and $5,400 for batteries when installed together. That’s a total of $9,000 in extra savings!

Learn more about Duke Energy’s PowerPair solar and battery incentive here.

These incentives may not last long - switch to solar energy today

Save big with a
solar incentive program

Besides the benefits of lower electricity bills, you can save even more by applying for federal, state and local tax rebates that offset the cost of your solar panel installation. .

Residential Solar Tax Credits Icon

North Carolina Solar Tax Credit options for homeowners

Net Metering

Net Metering

Net metering is a North Carolina solar incentive that allows you to essentially “sell” any unused solar power you generate back to the national grid and local utility companies, so not only will you save big on electricity bills, but you can actually profit from solar power! The solar system costs will essentially pay for themselves over time. 


Duke Energy's EV Rebate

Designed to ease the cost of installing residential Level 2 EV chargers. This program offers a one-time credit of up to $1,117 per household. It covers expenses like installing outlets, enhancing electrical wiring, upgrading electrical panels, and other necessary electrical improvements for home EV charging.

Federal Tax Credits

Federal Tax Credits

If you invest in a residential solar installation, you can receive 30% of your bill back come tax time. For example, if the total cost of your PV system is $24,000, then you owe $7,200 less on your federal taxes

How you benefit from
solar energy incentive programs

Energy incentive programs give you unique opportunities to benefit from embracing clean energy solutions. And with the Inflation Reduction Act investing in making it easier for homeowners to afford solar power, now truly is the time to future-proof your home with solar energy.

Benefits for residential energy customers

Here are a few advantages energy incentive programs offer residential customers in North Carolina.

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Frequently asked QUESTIONS

North Carolina solar incentives first started as a result of House Bill 589 in 2017. With this bill, clean energy advocates created a way to incentivize individuals to choose solar in North Carolina. The bill’s purpose is to minimize switching costs by offering local rebates for individuals seeking affordable clean energy.

Federal Rebates

Right now the main incentive available is the 30% Federal Tax Credit which was restored in 2022 with the signing of the Inflation Reduction Act. This 30% tax credit will run until 2032 when it is set to decrease to 26%.

If your entire solar project costs $18,000; you would receive $5,400 back via this tax credit when you file your taxes for the year in which the system was installed. You do not have to owe taxes in order to claim this credit – your consultant can review this with you in greater detail and go over any specific questions!

Getting tax credit for your solar panel installation is pretty straightforward. Hold onto all your receipts, invoices, and documentation related to your solar panel project and use them to file for a massive 30% tax credit during tax season.

In most cases, the residential solar energy credit isn’t refundable. That means you can only reduce your tax credit to $0.00. So if you have $100 left over, this will be carried forward to the following year.

No, there are no tax liabilities when installing solar panel systems. 8MSolar can help you with federal solar tax credits and local solar tax credits to ensure that you are getting the best rebates possible. 

There are no state-specific tax credits for solar systems in North Carolina. However, all federal incentives apply, including the 30% tax credit.

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solar power incentives apply to you?

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