Winston-Salem, NC Solar Panels
In This Guide
Solar Power in Winston-Salem
Winston-Salem homeowners served by Duke Energy have watched electricity prices climb 24% since 2020 — and many are turning to solar as a result. In fact, North Carolina now ranks 18th in the US for residential solar installations, a sign that solar panels for home are a proven, practical choice here.
This guide covers everything you need to know about solar installation in Winston-Salem — how the process works and what local homeowners can realistically expect.
NORTH CAROLINA by the Numbers
How Much Do Solar Panels Cost in Winston-Salem, NC?
Using real installation data from Winston-Salem and surrounding areas like Clemmons, Lewisville, Kernersville, and Pfafftown, this calculator gives you an honest, local estimate of what solar installation could cost for your home.
System
- No upfront investment
- Palmetto handles all maintenance
- 90% Production Guarantee
- Comprehensive protection program included
Key Takeaways
- Winston-Salem electricity prices have risen 25% since 2021, making solar a practical way to reduce your monthly energy bill and protect against future rate increases.
- A typical Winston-Salem home can save around $61,000 over 25 years with solar — and leasing options start as low as $95/month with no upfront cost.
- Duke Energy customers in Winston-Salem may qualify for rebates up to $9,000 through the PowerPair battery program, plus additional monthly bill credits through the EnergyWise program.
Winston-Salem Electricity Prices
Electricity in North Carolina has gotten more expensive — and Winston-Salem homeowners are taking notice.
North Carolina electricity rates rose from 11.3 cents per kWh in 2021 to 14.1 cents per kWh in 2024 — a 25% increase in just three years. That steady climb means higher monthly bills for most Winston-Salem households.
It is one reason why more Winston-Salem homeowners are exploring solar panels for home. Solar can help offset the energy you draw from the grid, reducing your exposure to rising utility rates.
Over time, that protection adds up. Homeowners who go solar in North Carolina can lock in more predictable energy costs — making solar a practical long-term strategy against ongoing utility rate increases.
Price of Energy: North Carolina vs National Average
Winston-Salem Area Utility Providers
Winston-Salem homeowners are primarily served by two electric utilities: Duke Energy and EnergyUnited. Knowing what you currently pay for electricity is a helpful starting point when exploring solar installation for your home.
Based on 2023 data, Duke Energy charges about 11.9¢ per kWh and EnergyUnited about 11.7¢ per kWh — both below North Carolina’s 2023 state average of 12.9¢ and well below the 2023 national average of 16.0¢ per kWh.
Even at below-average rates, electricity costs accumulate over time. Many Winston-Salem homeowners explore solar installation as a way to reduce grid dependence and bring more consistency to their monthly energy expenses.
Winston-Salem Utilities Electricity Rates
North Carolina Solar Incentives
Winston-Salem homeowners have access to several solar incentives in North Carolina that can help lower the cost of going solar, including programs from Duke Energy.
As a Duke Energy service area, Winston-Salem residents may qualify for the PowerPair battery rebate (up to $9,000), EnergyWise bill credits (up to $92/month), and Net Metering Bridge credits for excess solar energy sent to the grid.
The federal 30% residential tax credit was eliminated by the Big Beautiful Bill, but state and local incentives remain. With LightReach solar leasing, Palmetto handles the commercial ITC and passes savings through lower monthly payments.
| Incentive | Type | Description | Source |
|---|---|---|---|
| Duke Energy PowerPair Program | Rebate | Duke Energy offers a one-time rebate of up to $9,000 for residential customers who install a solar panel system paired with battery storage. | Learn More |
| Duke Energy EnergyWise Home Battery Program (Virtual Power Plant) | Rebate | Duke Energy’s EnergyWise Home program allows battery storage owners to earn up to $92/month (approximately $1,100/year) in bill credits by enrolling in a virtual power plant. | Learn More |
| Duke Energy Net Metering / Net Metering Bridge (NMB) Policy | Net Metering | Duke Energy North Carolina solar customers receive bill credits for excess electricity sent to the grid, currently under the Net Metering Bridge (NMB) rider at a rate of $0.034/kWh, with legacy net metering customers transitioning to NMB by December 31, 2026. | Learn More |
| EnergizeNC / Solar for All Grant Program | Rebate | EnergizeNC is a $156 million federally funded Solar for All grant program targeting low-to-moderate income North Carolina households for rooftop solar and battery storage — currently paused pending EPA review. | Learn More |
| NC Renewable Energy Income Tax Credit (RETC) — Commercial | Tax Credit | North Carolina offers a 35% state income tax credit on the cost of renewable energy property for commercial installations, with a maximum credit of $2.5 million per installation. | |
| NC-RETS Solar Renewable Energy Certificates (SRECs) | SREC | North Carolina solar system owners can register their systems with NC-RETS to generate and sell Renewable Energy Certificates (RECs) to help utilities meet the state’s Renewable Portfolio Standard. |
The Duke Energy PowerPair program provides a one-time rebate of up to $9,000 for Duke Energy customers in North Carolina who install a qualifying solar-plus-battery system. The rebate pays $0.36 per watt (up to 10 kW) for solar panels — up to $3,600 — and $400 per kWh (up to 13.5 kWh) for battery storage — up to $5,400. For example, a 7 kW solar system paired with a 13.5 kWh Tesla Powerwall would earn approximately $7,920 in rebates.
Availability is limited: Duke Energy Progress has already reached its capacity and is now operating a waitlist, while approximately one-third of Duke Energy Carolinas’ capacity remains. The program is a three-year pilot covering a total of 60,000 kW of solar across both territories (enough for roughly 8,550 average-sized home installations). Applications open each year on May 10 through a four-week random selection window on the Duke Energy website.
To participate, your system must be installed by a Duke Energy-approved Trade Ally contractor, use equipment from the approved battery vendor list, and you must grant Duke Energy access to your system’s operational and performance data via a stable internet connection. Homeowners in Winston-Salem on the Duke Energy Progress waitlist should monitor for openings, as spots may become available if some installations fall through.
The Duke Energy EnergyWise Home program is a Virtual Power Plant (VPP) that rewards homeowners for allowing Duke Energy limited access to their home battery storage system. Enrolled customers can earn up to $92 per month — approximately $1,100 per year — in energy bill credits. Additionally, homeowners who enroll in the battery control program receive an extra $6.50 per kW of continuous discharge capacity each month (e.g., a battery with a 5 kW discharge rate earns an additional $32.50/month).
Duke Energy will access your battery between 30 and 36 times per year to help manage grid demand. You will be notified before each event and can opt out up to four times per year while still remaining eligible for the full bill credits. The utility will never discharge your battery below 20% capacity, preserving your backup power reserve.
To be eligible, you must apply for interconnection, agree to participate for a minimum of one year, maintain a stable internet connection, and install an approved battery. Compatible batteries include models from Enphase, FranklinWH, SolarEdge, and Tesla. This program can be combined with the PowerPair rebate, making it a strong ongoing financial benefit for solar-plus-storage homeowners in Winston-Salem.
Duke Energy residential solar customers in North Carolina are currently served under the Net Metering Bridge (NMB) rider. Under NMB, your solar system offsets your electricity usage in real-time during the day. Any excess electricity you export to the grid earns a credit at a reduced rate of $0.034 per kWh (3.4 cents/kWh) — significantly lower than the full retail rate. These credits carry forward month-to-month and are settled monthly. Customers can remain on NMB for up to 15 years from their interconnection application date, after which they transition to the Residential Solar Choice (RSC) rider.
Customers who were on the legacy Rider NM (traditional 1-for-1 net metering) before October 1, 2023 may remain on that plan until December 31, 2026, at which point they will be automatically transitioned to Rider NMB. New solar customers interconnected after October 1, 2023 are placed directly on NMB. Monthly fixed charges apply: Duke Energy Progress customers pay a $28 minimum monthly charge plus $0.62/kW of DC capacity per month; Duke Energy Carolinas customers pay a $22 minimum monthly charge plus $0.28/kW of DC capacity per month.
EnergizeNC is a $156 million Solar for All grant program awarded to North Carolina by the EPA in April 2024. Led by the NC Department of Environmental Quality’s State Energy Office in partnership with the NC Clean Energy Technology Center, NC Clean Energy Fund, and Advanced Energy, the program is designed to help low-to-moderate income and disadvantaged households access rooftop solar and, in limited cases, battery storage — with an average projected savings of 20% on electricity bills. The program also targets multifamily housing owned by nonprofits and public organizations, as well as community solar pilots.
Important Notice: As of August 7, 2025, the EPA announced its intent to terminate the Solar for All program. The NC Department of Environmental Quality and its co-grantees have received and are reviewing a termination letter from the EPA. The program is currently paused. Homeowners in Winston-Salem interested in this program should monitor the EnergizeNC website for updates on whether the program resumes following any legal challenges.
If the program resumes, it will prioritize households in low-income and disadvantaged communities, including those on state- and federally recognized Tribal lands. Participants would receive meaningful financial incentives to reduce the upfront cost of solar installation. For the latest status updates, visit the official EnergizeNC website at energizenc.org or the NC DEQ Solar for All page.
North Carolina’s Renewable Energy Income Tax Credit (RETC) provides a 35% state income tax credit on the cost of qualifying renewable energy property for commercial, industrial, and non-residential installations. The maximum credit is $2.5 million per installation, making it a significant incentive for businesses, nonprofits, and other non-residential entities investing in solar energy systems.
This credit applies to solar photovoltaic systems and other qualifying renewable energy technologies installed on commercial properties. It is separate from any federal commercial tax incentives and can be used in conjunction with other applicable programs such as bonus depreciation or the federal commercial Investment Tax Credit (ITC), which remains available for commercial projects that commence construction before applicable deadlines.
Businesses considering solar installations in Winston-Salem should consult with a tax professional to understand how the RETC interacts with other state and federal tax obligations. For full program details, eligibility requirements, and application procedures, refer to the DSIRE database maintained by the NC Clean Energy Technology Center or consult the NC Department of Revenue.
North Carolina operates the NC Renewable Energy Tracking System (NC-RETS), which issues Renewable Energy Certificates (RECs) — sometimes called SRECs — to solar system owners. Each REC represents one megawatt-hour (MWh) of electricity generated from a renewable source. Utilities in North Carolina are required to meet a Renewable Portfolio Standard (RPS), and they can purchase RECs from solar owners to satisfy that requirement.
However, homeowners should be aware that the financial value of RECs in North Carolina is generally low. North Carolina’s RPS is not particularly aggressive, and the state accepts REC registrations from solar systems in any state, which increases the supply and suppresses prices. As a result, SRECs are unlikely to be a major source of income for most residential solar owners in NC compared to states with stronger RPS mandates.
Solar system owners in Winston-Salem interested in participating in NC-RETS should register their system through the NC-RETS portal and work with a REC aggregator or broker to sell certificates. For the most current information on REC values and registration requirements, consult the DSIRE database or the NC Utilities Commission.
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 QuoteWinston-Salem 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.
Winston-Salem enjoys over 213 sunny days annually, but humidity and seasonal cloud cover affect output. Like most U.S. cities, the right solar system can still generate significant savings year-round.
Solar Production in Winston-Salem by Month
What Can Your Solar System Power?
Summer Production (July)
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)
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
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 EstimateSolar Panel Systems in Winston-Salem
We mapped every solar installation across the U.S. to show you where solar is growing right here in Winston-Salem. Explore the map below to see which neighborhoods and communities have already made the switch to clean energy — your neighbors might surprise you!
Leasing Solar Panels
If you’re a Winston-Salem homeowner served by Duke Energy — either Duke Energy Progress or Duke Energy Carolinas — you have access to a solar lease through Palmetto’s LightReach program. A solar lease lets you go solar with no upfront cost. Instead, you pay a fixed monthly amount — as low as $95/month for a medium-sized home — while Palmetto owns and maintains the system.
Compared to buying a system outright, leasing removes the burden of a large upfront investment, loan payments, and ongoing maintenance. Palmetto handles everything — monitoring, repairs, and a 90% production guarantee — so you can simply enjoy lower energy costs without the hassle. Buying vs. leasing solar is worth understanding, but for many Winston-Salem homeowners, the lease is the simpler, lower-risk path to solar savings.
Note: Winston-Salem is also partially served by EnergyUnited, which currently does not allow third-party solar ownership (leases or PPAs). If EnergyUnited is your utility, contact Palmetto to explore your available options.
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!
Learn MoreFrequently Asked Questions
Yes, solar makes sense for many Winston-Salem homeowners. With over 213 sunny days per year, 5.1 peak sun hours daily, and Duke Energy electricity rates that have risen 25% since 2021, solar can meaningfully reduce your monthly energy costs. A typical medium-sized home can save around $61,000 over 25 years.
Upfront cost doesn’t have to be a barrier. Palmetto’s LightReach solar lease lets Winston-Salem homeowners go solar with no money down, starting at around $95/month — with savings beginning from day one.
Most Winston-Salem homeowners are served by Duke Energy, which offers a Net Metering Bridge (NMB) program. Under NMB, excess solar energy sent to the grid earns a credit at $0.034/kWh (3.4¢/kWh), carried forward monthly. New solar customers interconnected after October 1, 2023 are placed directly on NMB.
If you are served by EnergyUnited, a net billing (export credit) policy applies instead, crediting exports at the avoided cost rate — approximately 3.3¢/kWh in 2024 — with no annual true-up. Credits are settled monthly.
Yes, solar panels can increase your home’s value in Winston-Salem. According to a Zillow study, homes with solar panels sell for approximately 4.1% more than comparable homes without them. On a $300,000 Winston-Salem home, that could mean roughly $12,300 in added value.
This benefit applies to owned systems — not leased panels. If you purchase your solar system outright, the added home value is generally recognized by buyers and appraisers in the North Carolina real estate market.
For Winston-Salem homeowners, the most accessible way to go solar is through Palmetto’s LightReach lease — with no upfront cost and a fixed monthly payment starting as low as $95/month for a medium-sized home.
If you prefer to own your system outright, a cash purchase is also available. Note that the federal 30% residential tax credit is no longer available following the Big Beautiful Bill. Use the solar cost calculator above for specific pricing based on your home size.
For many Winston-Salem homeowners, solar can be worth it financially — especially with a lease option. With Palmetto’s LightReach program, there’s no upfront cost. Your fixed monthly lease payment is typically less than your current Duke Energy bill, meaning you can start saving from day one.
Over 25 years, a typical Winston-Salem home can save around $61,000. With Duke Energy rates up 25% since 2021, solar offers a practical way to reduce your exposure to future rate increases — without a large investment.
We believe Palmetto Solar is the best choice for Winston-Salem homeowners. As a national company with a local focus, we’ve completed 2,076 installations across North Carolina since 2020 — and we bring that experience directly to Winston-Salem.
We offer some of the industry’s best financing options, including our LightReach lease starting at just $95/month with no upfront cost. Our trusted install network handles everything from permitting to activation, so going solar is simple and stress-free.
With Palmetto’s LightReach lease, Winston-Salem homeowners can go solar with no upfront cost. One fixed monthly payment covers the system, installation, monitoring, maintenance, and a 90% Production Guarantee. For a typical 8.19 kW system, the estimated monthly payment is approximately $95/month — often less than your current Duke Energy bill.
Because Palmetto owns the system, it claims the commercial Investment Tax Credit (ITC) and passes those savings to you through lower monthly payments — a key advantage since the residential ITC is no longer available for cash purchases.