Nathan Healy
Certified by Nathan Healy
Updated: June 2026
Quality Solar Panels Since 2011
Palmetto has served 20,000+ customers across 31 states with an approval rating over 85%.
About Nathan Healy

Nathan Healy is a Vice President at Palmetto, where he helps homeowners cut through the confusion around solar and figure out whether it actually pencils out for their home, roof, and budget. With energy prices climbing and the federal incentive landscape shifting, his focus is simple: give people a straight, honest answer instead of a sales pitch.

He reviews Palmetto’s local solar guides so the costs, incentives, and utility details on this page reflect what’s really happening in your area.
He believes in solar so much, that he had Palmetto install solar on his own parents’ house, the home he grew up in.

01

Solar Power in Fayetteville

If you live in Fayetteville, NC, you may have noticed your electric bills climbing. You’re not imagining it—North Carolina electricity prices have increased 24% from 2020 to 2024. For many homeowners, that rising cost is a good reason to explore solar panel installation.

Solar installation lets you power your Fayetteville home with clean energy from the sun, giving you more control over your monthly costs. In this guide, we’ll explain how it all works. That way, you can feel confident exploring home solar panels for your property.

NORTH CAROLINA by the Numbers

18th Most residential solar in the United States
51 Households have installed solar panels
5.2 Avg peak sun hours per day
~$67k Fayetteville average savings over 25 years
02

How Much Do Solar Panels Cost in Fayetteville, NC?

Curious about the cost of solar in Fayetteville? Our calculator uses real installation data from homes across the area, including Hope Mills, Spring Lake, Eastover, and Stedman. See a local, accurate estimate based on actual projects near you—so you can make a confident, informed decision.

Small Home Up to 2,000 sq ft
Medium Home 2,000-3,000 sq ft
Large Home Over 3,000 sq ft
System Size
This system size is designed to offset approximately 100% of the average electricity usage for a home of this size in North Carolina.
Recommended
System
8.92 kW
Your Monthly Payment
Estimated monthly cost with LightReach
$103/mo
As low as
$103/mo
Why Lease Solar?
Following the 2025 Big Beautiful Bill, the federal 30% solar tax credit is no longer available for cash purchases. With a LightReach lease, Palmetto owns the system and still qualifies for the commercial ITC — passing those savings through to you via lower monthly payments.
  • No upfront investment
  • Palmetto handles all maintenance
  • 90% Production Guarantee
  • Comprehensive protection program included
03

Palmetto Reviews

04

Key Takeaways

  • Fayetteville electricity prices rose about 25% from 2021 to 2024, making home solar an increasingly attractive way to gain control over rising monthly energy costs.
  • A typical Fayetteville home can save around $67,000 over 25 years with a cash purchase, or go solar with no upfront cost through a LightReach lease.
  • North Carolina still offers valuable solar incentives, including net metering, a 100% property tax exemption, and battery storage rebates to help lower your costs.
05

Fayetteville Electricity Prices

If you live in Fayetteville, NC, and your electric bills keep climbing, you’re not imagining it. Here’s what’s happening—and why solar matters.

Electricity prices in North Carolina rose from 11.3 cents per kWh in 2021 to 14.1 cents in 2024—roughly a 25% increase. While NC stays below the national average, costs keep trending upward year after year.

Solar panel installation lets Fayetteville homeowners generate their own clean energy from the sun. Instead of relying entirely on the grid, you can offset rising utility rates and gain more control over your monthly energy costs.

Over the long term, solar can help protect your Fayetteville home from unpredictable rate hikes. As electricity prices continue to rise, the energy you produce yourself becomes an increasingly valuable part of your home.

Price of Energy: North Carolina vs National Average

10¢
20¢
30¢
13.7¢
11.3¢
15.0¢
11.6¢
16.0¢
12.9¢
16.5¢
14.1¢
2021
2022
2023
2024
US Average
North Carolina

Fayetteville Area Utility Providers

Most Fayetteville, NC homes get power from Duke Energy. In 2023, the most recent year with available data, Duke Energy charged about 14.2¢ per kWh—higher than North Carolina’s 12.90¢ average, but lower than the 16.0¢ national average.

Fayetteville’s rates sit above the state average partly due to fuel costs, grid upkeep, and demand across Duke Energy’s service area. Even so, they stay below the national average, thanks to North Carolina’s relatively affordable energy mix.

Still, utility prices tend to rise over time. Solar installation lets Fayetteville homeowners generate their own power and rely less on the grid, offering more predictable energy costs and greater control over your monthly bills for years to come.

Fayetteville Utilities Electricity Rates

Duke Energy
14.20¢
-11%
NC Average
12.90¢
-19%
US Average
16.0¢
06

North Carolina Solar Incentives

Going solar in Fayetteville is more affordable thanks to available solar incentives in North Carolina that help offset your installation costs.

These programs come in a few forms. North Carolina offers net metering to credit the energy you send back and a 100% property tax exemption on the home value solar adds. Battery rebates are also available.

While the federal 30% residential tax credit has ended, state and local incentives remain. Leasing through LightReach simplifies this—Palmetto handles the commercial ITC and passes savings along via lower monthly payments.

Incentive Type Description Source
Duke Energy Battery Control Programs (Power Manager / EnergyWise Home) Rebate Duke Energy offers ongoing monthly bill credits of up to $92/month ($1,100/year) to residential battery storage customers who allow Duke to remotely dispatch their battery during peak grid events. Learn More
North Carolina Net Metering & Solar Export Programs Net Metering North Carolina offers net metering and solar export credit programs through its major utilities, with terms varying significantly by utility and rate rider. Learn More
North Carolina Residential Solar Property Tax Exemption Property Tax Exemption North Carolina provides a 100% property tax exemption on the added home value created by a residential solar installation, so homeowners pay no additional property taxes due to solar. Learn More
Federal Business Solar Investment Tax Credit (Commercial ITC) Tax Credit Businesses installing solar energy systems can claim a 30% federal Investment Tax Credit on the full cost of the system, with no cap on system size, for systems installed through the end of 2027. Learn More
Federal Residential Battery Storage Tax Credit Tax Credit Homeowners can claim a 30% federal tax credit on the cost of a standalone battery storage system (minimum 3 kWh capacity) through 2032, provided it is charged exclusively by co-located solar. Learn More
Tesla Powerwall Rebate Rebate Tesla is offering a $500 direct rebate for Powerwall battery storage systems contracted before June 30, 2026.

Duke Energy operates two ongoing virtual power plant (VPP) battery control programs: Power Manager for Duke Energy Carolinas customers and EnergyWise Home for Duke Energy Progress customers. Fayetteville is served by Duke Energy Progress, so homeowners in Fayetteville can enroll in EnergyWise Home. By enrolling, you allow Duke Energy to remotely discharge your home battery up to 36 times per year (minimum 30 events) to help balance the grid during peak demand periods. In return, you receive monthly bill credits estimated between $23 and $92 per month, or roughly $276 to $1,100 annually, depending on your battery size and configuration.

Eligible battery brands include Enphase, FranklinWH, SolarEdge, and Tesla. You do not need to have participated in the PowerPair rebate program to enroll — if you already own a compatible battery, you can still sign up for these ongoing credits. You must agree to participate for at least one year and maintain a reliable internet connection.

These programs are separate from and stackable with the one-time PowerPair installation rebate, making them a valuable long-term income stream for battery storage owners in Duke Energy’s service territory.

Duke Energy (Majority of NC, including Fayetteville): New Duke Energy solar customers in Fayetteville are placed on the Residential Solar Choice (default) rate, which pays export credits at Duke’s avoided cost rate — approximately $0.034/kWh as of 2026, roughly 75–80% below the retail rate. This rate requires enrollment in a time-of-use schedule and includes a monthly minimum bill charge ($28 for Duke Energy Progress; $22 for Duke Energy Carolinas). Alternatively, the Net Metering Bridge Rate (Rider NMB) offers better compensation and does not require time-of-use rates, but it is only available to customers also enrolled in Duke’s EnergyWise Home battery program and is closing to new applicants on December 31, 2026.

Under NC General Statute 105-275(45), residential solar energy systems are 100% exempt from property taxes. This means that even though adding solar panels increases your home’s market value, that added value is not included in your property tax assessment — so your property tax bill will not go up because of your solar installation. The exemption has been in effect since 2008 and applies for the life of the system as long as you own it (leased systems may not qualify).

For most residential homeowners in Fayetteville, no separate application is required — the exemption applies automatically. However, it is always a good idea to confirm with your local county tax assessor’s office. Commercial solar installations receive a partial exemption of up to 80% of the property’s assessed value.

Important Note: Legislative proposals in 2025 could alter property tax exemption rules starting July 1, 2026, potentially reducing the exempt percentage in future years. Verify the current law with your local assessor or the NC Department of Revenue before making installation decisions.

Businesses, farms, and commercial property owners in Fayetteville can claim a 30% federal Investment Tax Credit (ITC) on the total installed cost of a solar energy system. This is a dollar-for-dollar reduction in federal tax liability, with no cap on system size or cost. The credit is available for systems installed through December 31, 2027.

For new construction projects, there is an important safe harbor provision: if you sign a qualifying solar contract by July 4, 2026, you can lock in eligibility for the 30% credit even if the system is not installed until later (up to four years). This is especially valuable for larger commercial or agricultural projects with longer development timelines.

Additionally, businesses may be able to combine the ITC with 100% Bonus Depreciation, which allows the full cost of the solar system to be deducted in the year it is placed in service (for property acquired after January 19, 2025). Tax-exempt organizations, nonprofits, and government entities may access an equivalent benefit through the IRS Elective Pay (Direct Pay) provision. Consult a qualified tax professional to maximize these combined benefits.

The federal Residential Clean Energy Credit (IRS Form 5695) provides a 30% tax credit on the installed cost of a battery storage system with a capacity of at least 3 kilowatt-hours. Importantly, this credit applies to standalone battery storage systems — meaning you can claim it even if you are not simultaneously installing new solar panels, as long as the battery is charged exclusively by a co-located renewable energy source (such as an existing rooftop solar system) in the same tax year.

This credit is available through 2032 and is not subject to the same expiration that eliminated the residential solar ITC for 2026 installations. There is no cap on the dollar amount of the credit, so larger battery systems generate proportionally larger tax savings. For example, a $10,000 battery installation would yield a $3,000 federal tax credit.

To claim the credit, file IRS Form 5695 with your federal tax return for the year the battery system is placed in service. Note that this is a non-refundable credit — it can reduce your tax liability to zero but will not generate a refund. Unused credit amounts may be carried forward to future tax years. Consult a tax professional to confirm eligibility for your specific situation.

Tesla is currently offering a $500 direct rebate for homeowners in Fayetteville who contract for a Powerwall battery storage installation before June 30, 2026. This rebate is applied directly by Tesla and does not require going through a utility or government program. The deadline was previously March 31, 2026, but has since been extended to June 30, 2026.

This rebate can be stacked with other available incentives, such as the Duke Energy PowerPair rebate and the federal battery storage tax credit, to further reduce the out-of-pocket cost of adding a Powerwall to your home. The Powerwall is also a compatible battery for Duke Energy’s Power Manager and EnergyWise Home virtual power plant programs, which provide ongoing monthly bill credits.

To take advantage of this offer, ensure your installation contract is signed before the June 30, 2026 deadline. Contact a Tesla-certified installer or visit Tesla’s website for current terms and conditions, as promotional offers are subject to change.

Ready to start saving with solar?

Speak with a Palmetto solar expert to find out exactly how much you can save with North Carolina incentives.

Get a Free Quote
07

Fayetteville Solar Irradiance

Solar panel production varies throughout the year based on daylight hours, weather patterns, and sun intensity. Understanding how seasons affect your solar system helps set realistic expectations for your investment.

Fayetteville enjoys warm summers, mild winters, and plenty of sunshine year-round. Occasional humidity and summer storms have little lasting impact. With the right system, your home can produce reliable solar energy.

Solar Production in Fayetteville by Month

Daylight Hours
Energy Production (kWh/day)

What Can Your Solar System Power?

Summer Production (July)

[SummerProduction] kWh/day

In July, your 10 kW system could power:

  • 3.6 average homes (15 kWh/day per home)
  • or Run central AC for 18 hours AND power all other appliances
  • or Fully charge 5.4 Tesla Model 3 electric vehicles

Winter Production (December)

[WinterProduction] kWh/day

In December, your 10 kW system could power:

  • 2 average homes (15 kWh/day per home)
  • or Keep your home heating system running for 15 hours
  • or Fully charge 3 Tesla Model 3 electric vehicles

Annual Production

[AnnualProduction] kWh/year

Over a year, your 10 kW system could:

  • Offset 10 tons of carbon dioxide emissions
  • or Equal the environmental benefit of planting 175 trees
  • or Save approximately $4,234 in electricity costs

Want to know exactly how much solar can power your home?

Get a personalized solar analysis based on your actual home, energy usage, and roof characteristics.

Get My Custom Estimate
08

Solar Panel Systems in Fayetteville

We mapped solar installations across the United States, right down to the neighborhood level. Explore this interactive heatmap to see how many of your Fayetteville neighbors have switched to solar. Click any hexagon to view installations in that area, and discover the growing solar communities near you.

09

Leasing Solar Panels

Fayetteville homes are served by Duke Energy Progress, and the good news is that solar leasing is available in your area. With a LightReach solar lease, you pay a fixed monthly amount instead of buying your system outright, so you can start saving without a large upfront cost.

A lease is different from paying cash. When you buy a system, you cover the full price and handle any maintenance yourself. With a lease, Palmetto owns the panels, manages upkeep and repairs, and includes a production guarantee, so you can enjoy clean energy without the extra responsibility.

Not sure which path fits your home? Our guide on whether to buy or lease solar walks you through the trade-offs so you can choose with confidence.

Go solar without the investment

With LightReach, there are no investment costs to recoup, loan payments to manage, or maintenance needs to take on. As soon as your panels are active, your solar savings are too!

Explore LightReach Leasing
10

Frequently Asked Questions

Yes. Fayetteville, NC has net metering, though the specifics depend on your utility. Most Fayetteville homes are served by Duke Energy Progress, which offers export credit programs for the solar energy your panels send back to the grid.

New Duke customers are typically placed on the Residential Solar Choice rate, which credits exports at Duke’s avoided cost rate. A separate Net Metering Bridge Rate may offer better compensation for eligible customers. Program terms and monthly charges vary, so it helps to review your current options.

Yes, solar panels can increase your home’s value in Fayetteville, but this typically applies to owned or purchased systems. A Zillow study found homes with solar panels sell for about 4.1% more. North Carolina’s 100% property tax exemption means that added value won’t raise your tax bill.

Leased systems, like Palmetto’s LightReach, may affect resale differently, since the buyer would typically assume the lease agreement rather than gaining outright ownership of the panels.

Many Fayetteville homeowners go solar with no upfront cost through a LightReach lease, paying a low fixed monthly amount (as low as around $103/mo for a typical medium-sized home) while Palmetto owns and maintains the system.

If you prefer to buy, a cash purchase for an average Fayetteville home runs about $24,800. Note the federal 30% tax credit is no longer available for residential cash purchases after the 2025 federal law change. See the calculator above for pricing by home size.

With a solar lease, Palmetto owns and installs the system while you pay one fixed monthly amount. In Fayetteville, a typical 8.92 kW system runs about $103/month with no upfront cost. That single payment covers installation, monitoring, maintenance, and a 90% Production Guarantee.

Because Palmetto owns the system, it claims the commercial 30% tax credit and passes those savings to you through lower payments. Since your lease payment is often less than your current bill, you can start saving right away.

Finding the right solar company in Fayetteville comes down to local experience, quality installations, and flexible financing. At Palmetto, we combine a national footprint with a local focus, completing 2,370 installs across North Carolina since 2020.

We offer some of the best financing options in the industry, a trusted install network, and support that guides you through every step. From understanding Duke Energy rates to navigating net metering, our team helps Fayetteville homeowners make confident, informed decisions about solar.

For many Fayetteville homeowners, solar can be worth it financially. A typical local home saves around $67,000 over 25 years with a cash purchase, helping offset North Carolina electricity rates that rose about 25% from 2021 to 2024.

You don’t need a large upfront investment to benefit. With a LightReach lease, your fixed monthly payment is typically less than your current Duke Energy bill, so you can start saving from day one while Palmetto handles maintenance.

Solar can make sense for many Fayetteville homeowners. With Duke Energy Progress rates rising about 25% since 2021, generating your own power helps offset climbing bills. A typical home may save around $67,000 over 25 years, and North Carolina still offers net metering and a 100% property tax exemption.

Upfront cost isn’t a barrier either. With LightReach, Palmetto’s solar lease, you can go solar with no money down and start saving from day one.