While North Carolina does not have a traditional open SREC market like some northeastern states, Solar in North Carolina remains a highly lucrative investment due to the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS). Under the North Carolina SREC program, utilities must meet specific solar targets, which creates a demand for the environmental attributes of your energy. By generating clean power, you produce credits that can be used by utilities to meet state mandates, effectively increasing your long-term solar savings in North Carolina.
To maximize these benefits, homeowners should leverage the residential solar tax credit NC residents can claim, which currently offers a 30% federal deduction. Additionally, the North Carolina solar property tax exemption ensures that your home’s value increases without a corresponding hike in your tax bill.
The way you interact with the Learn more grid also dictates your savings. While Dominion Energy net metering and traditional North Carolina net metering have historically offered 1-to-1 retail credits, many residents are transitioning to a net billing plan in North Carolina. Under these newer structures, using a Generac residential battery or the high-capacity Generac PWRcell 2 becomes essential. Storing your own power allows you to avoid high electric rate in North Carolina periods and participate in the Duke Energy PowerPair program, which offers significant rebates for paired systems.
For the best solar solutions, Solar SME is a professional local solar installer in nc that specializes in maximizing state-specific incentives. Solar SME provides expert guidance on how to choose best battery backup systems to ensure your home remains powered during outages while optimizing your financial return.
Whether you are exploring solar financing options in North Carolina or planning a commercial solar installation in North Carolina, working with experienced solar companies near you is vital. By combining NC solar tax credits with advanced storage like the Generac PowerCell 2, you can turn the solar installation cost in North Carolina into a permanent, income-generating asset.