Solar Panels in
Raleigh, NC

Updated 7/11/2020

How much do solar panels cost in Raleigh, NC in 2020?

As of July 2020, the average solar panel cost in Raleigh, NC is $2.58/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Raleigh, NC ranges in cost from $10,965 to $14,835, with the average gross price for solar in Raleigh, NC coming in at $12,900. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Raleigh, NC

System Size System Cost System Cost (after ITC)
3 kW $7,740 $5,728
4 kW $10,320 $7,637
5 kW $12,900 $9,546
6 kW $15,480 $11,455
7 kW $18,060 $13,364
8 kW $20,640 $15,274
9 kW $23,220 $17,183
10 kW $25,800 $19,092

2020 average solar panel cost graph in Raleigh, NC

for a 5kW system

Great Price
$10,965 or less
Market Average
$12,900
Above Market
$14,835 or more

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local NC incentives, tax credits & rebates.

Payback Period

10.43 Years

20-Year Savings

$20,441

Cost per Watt

$2.58

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Top solar installers in Raleigh, NC

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True Cost of Solar Guide™ for North Carolina

Download EnergySage’s DIY worksheet to better understand what solar should cost in your state

Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.