Nathan Healy
Certified by Nathan Healy
Updated: April 2026
Quality Solar Panels Since 2011
Palmetto has served 20,000+ customers across 31 states with an approval rating over 85%.
01

Solar Power in Winston-Salem

Winston-Salem homeowners are paying more for electricity than ever — North Carolina electricity prices have risen 24% from 2020 to 2024, a trend that has many Triad residents reconsidering their energy options. It’s no surprise that interest in home solar panels is growing across the area.

Solar can feel overwhelming at first, but it doesn’t have to be. This guide is designed to walk Winston-Salem homeowners through how solar panel installation works — clearly and honestly — so you can make a confident, informed decision.

NORTH CAROLINA by the Numbers

18th Most residential solar in the United States
51 Households have installed solar panels
5.1 Avg peak sun hours per day
~$61k Winston-Salem average savings over 25 years
02

How Much Do Solar Panels Cost in Winston-Salem, NC?

Using real installation data from Winston-Salem and surrounding areas like Clemmons, Kernersville, and Lewisville, this calculator gives you an honest, localized estimate of what solar installation actually costs for homes like yours.

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
8.19 kW
Your Monthly Payment
Estimated monthly cost with LightReach
$95/mo
As low as
$95/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

  • Winston-Salem electricity prices have risen 25% since 2021, making solar a smart way to stabilize your monthly energy costs for years to come.
  • A typical Winston-Salem home can save around $61,000 over 25 years with solar, with lease options starting as low as $95/month and no upfront cost.
  • North Carolina offers strong solar incentives including a Duke Energy rebate up to $9,000, a full property tax exemption, and a sales tax exemption on solar equipment.
05

Winston-Salem Electricity Prices

Electricity costs in Winston-Salem have been climbing — and for many Triad homeowners, that trend is hard to ignore.

North Carolina electricity rates rose from 11.3¢ per kWh in 2021 to 14.1¢ per kWh in 2024 — roughly a 25% increase in just three years. While still below the national average, the gap is narrowing fast.

For Winston-Salem homeowners, home solar panels offer a way to generate your own electricity and reduce dependence on the grid — helping to stabilize what you pay each month regardless of where utility rates go.

Solar is a long-term investment. Homeowners who go solar today can lock in more predictable energy costs, shielding themselves from future rate increases that have historically trended upward across North Carolina.

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

Winston-Salem Area Utility Providers

In Winston-Salem, electricity comes primarily from two providers: Duke Energy and EnergyUnited. According to 2023 data — the most recent available — Duke Energy charges 11.9¢ per kWh and EnergyUnited charges 11.7¢ per kWh.

Both rates sit below North Carolina’s 2023 state average of 12.90¢ per kWh and well below the national average of 16.0¢ per kWh — meaning Winston-Salem residents currently benefit from relatively affordable electricity compared to most of the country.

Even so, electricity rates have trended upward over time. For homeowners thinking long-term, solar panel installation in Winston-Salem can help lock in more predictable energy costs — a practical hedge against future rate increases, regardless of where rates start today.

Winston-Salem Utilities Electricity Rates

Duke Energy
11.90¢
-26%
EnergyUnited
11.70¢
-27%
NC Average
12.90¢
-19%
US Average
16.0¢
06

North Carolina Solar Incentives

Winston-Salem homeowners have access to several solar incentives in North Carolina that can meaningfully reduce the cost of solar panel installation — at the state and utility level.

Key incentives include Duke Energy’s PowerPair rebate (up to $9,000 for solar + battery systems), a 100% property tax exemption on added home value, a state sales tax exemption on solar equipment, and net metering credits for excess energy sent to the grid.

Note: the federal residential solar tax credit has been eliminated. However, state and utility incentives remain. Homeowners who lease through Palmetto’s LightReach program have the commercial tax credit claimed by Palmetto, with savings passed through as lower monthly payments.

Incentive Type Description Source
Duke Energy PowerPair Program Rebate Duke Energy offers up to $9,000 in one-time installation rebates for North Carolina homeowners who install a qualifying solar + battery system together through a Duke Energy Trade Ally. 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 from a residential solar installation, meaning homeowners pay no additional property taxes due to their solar system. Learn More
North Carolina Solar Sales Tax Exemption Sales Tax Exemption Solar energy equipment purchased for installation in North Carolina is exempt from the state’s 4.75% general sales tax and applicable local sales taxes under NC law. Learn More
North Carolina Net Metering & Net Billing Programs Net Metering North Carolina offers net metering and net billing programs through its major utilities, with Dominion Energy providing full 1:1 retail-rate credits and Duke Energy offering a transitional Bridge Rate through 2026 before moving to time-of-use export credits. Learn More
Direct Pay for Nonprofits & Government Organizations Tax Credit Tax-exempt nonprofits and government entities in North Carolina can receive a direct cash payment worth at least 30% of solar system costs through the federal Direct Pay (Elective Pay) provision. Learn More
North Carolina Solar Access Law (HOA Protections) Net Metering North Carolina law protects homeowners’ right to install solar panels, preventing HOAs from prohibiting solar installations while allowing only reasonable restrictions that do not significantly increase costs or reduce system efficiency. Learn More

The Duke Energy PowerPair Program provides one-time installation incentives of up to $9,000 for eligible North Carolina homeowners who install a solar and battery storage system at the same time. Solar systems are incentivized at $0.36 per watt-AC (up to 10 kW, for a maximum of $3,600), while battery storage is incentivized at $400 per kWh (up to 13.5 kWh, for a maximum of $5,400). The rebate is applied as a credit directly to your Duke Energy bill, typically within 10 business days of passing Duke’s inspection.

To qualify, you must be a Duke Energy Carolinas or Duke Energy Progress residential customer in North Carolina, and the system must be installed by a Duke Energy Trade Ally. Solar and battery must be installed simultaneously — existing solar systems without battery storage are not eligible. Note that Duke Energy Progress has reached capacity and closed its waitlist, while Duke Energy Carolinas has limited slots remaining. Availability changes frequently, so check the official program page before signing any contracts.

This is one of the most valuable solar incentives currently available to homeowners in Winston-Salem. Given that program capacity is nearly exhausted, homeowners interested in this rebate should act quickly. Visit the official Duke Energy PowerPair page to verify current availability and find a certified Trade Ally installer in your area.

Under NC General Statute § 105-275(45), North Carolina offers a 100% property tax exemption for residential solar energy systems. Although solar panels typically increase a home’s market value, that added value is completely excluded from property tax assessments for homeowners. This exemption has been in effect since 2008 and is considered permanent with no expiration date, applying for the full life of your solar system.

For residential homeowners, the exemption is automatic — no separate application is required. The NC Department of Revenue classifies residential solar systems not used for business purposes as non-business personal property, which is exempt from taxation in North Carolina. This means that as long as you own your system outright (not through a third-party lease), you are protected from any increase in your annual property tax bill due to solar.

Important note: Legislative proposals in 2025 could alter property tax abatement rules beginning July 1, 2026, potentially reducing the exempt percentage in future years. Homeowners in Winston-Salem should verify the current law with their county tax assessor or the NC Department of Revenue before installation. Commercial solar installations receive an 80% property tax exemption on the appraised value of the system.

Under N.C. Gen. Stat. § 105-164.13(57a), solar energy equipment purchased for installation in North Carolina is exempt from the state’s 4.75% general sales tax as well as applicable local sales taxes. This exemption covers solar panels, inverters, racking hardware, and other associated equipment that make up a solar energy system. The savings can be meaningful — on a $20,000 system, the sales tax exemption alone could save a homeowner over $900.

This exemption applies at the point of purchase, meaning the tax savings are built into the cost of your installation rather than being a rebate you claim later. Your solar installer should automatically apply this exemption when purchasing equipment for your project. If you are purchasing equipment directly, be sure to reference the applicable statute to ensure the exemption is applied correctly.

This is a straightforward, permanent incentive that reduces the upfront cost of going solar in North Carolina. Combined with other available incentives like the Duke Energy PowerPair rebate and the property tax exemption, the sales tax exemption helps make solar an even more financially attractive investment for residents of Winston-Salem.

Net metering in North Carolina varies significantly by utility. Duke Energy customers (the majority of NC, including Winston-Salem) face a complex structure. A Net Metering Bridge (NMB) Rate is available for new customers through January 1, 2027, offering better compensation than the standard export rate, subject to capacity limits. After that deadline — or once capacity is reached — new solar customers are placed on the Residential Solar Choice (RSC) Rider, which credits excess generation at Duke’s avoided cost rate of approximately $0.034/kWh, roughly 75–80% below the retail rate. Duke customers also face a monthly minimum bill ($22 for Duke Energy Carolinas; $28 for Duke Energy Progress) and non-bypassable charges for storm recovery and cybersecurity costs.

Legacy Duke Energy customers with interconnections approved before October 1, 2023 may remain on legacy net metering with 1:1 credits for up to 15 years from their interconnection date. Given the significant difference in compensation rates, prospective solar customers in Winston-Salem should carefully evaluate their expected export volumes and consider battery storage to maximize self-consumption. For the most current program details, visit the NC Public Staff’s net metering page or contact your utility directly.

Under the federal Direct Pay (Elective Pay) provision, tax-exempt organizations — including nonprofits, municipalities, counties, school districts, tribal governments, and other government entities — can receive a direct cash reimbursement of at least 30% of the cost of a solar energy system. Because these organizations do not pay federal income taxes, they previously could not benefit from the Investment Tax Credit. Direct Pay solves this by converting the credit into a direct payment from the IRS.

This is a transformative incentive for nonprofits and public institutions in Winston-Salem. A nonprofit that installs a $150,000 solar system, for example, could receive a $45,000 direct payment from the federal government — with no tax liability required. The payment is made after the system is placed in service and the organization files the appropriate IRS forms (Form 3800 and related schedules) with its annual return.

Eligible entities should work with a solar developer or tax advisor experienced in Direct Pay to ensure proper documentation and compliance. Additional bonus credits may be available for systems installed in energy communities or low-income areas, potentially increasing the total benefit above 30%. Visit the IRS Elective Pay page for official guidance and eligibility requirements.

Under NC General Statute § 22B-20, North Carolina’s Solar Access Law guarantees homeowners the legal right to install solar energy systems on their property. Homeowners’ associations (HOAs) and deed restrictions cannot prohibit solar installations outright. This protection ensures that even in communities with strict HOA rules, residents of Winston-Salem retain the ability to go solar.

While HOAs cannot ban solar panels, they are permitted to impose reasonable restrictions on the placement or appearance of solar systems — for example, requiring panels to be installed on rear-facing roof sections. However, any such restrictions are legally unenforceable if they would increase the cost of the solar system by more than 10% or reduce its energy output or efficiency in a meaningful way.

This law is an important protection for North Carolina homeowners who may face pushback from their HOA when going solar. If your HOA attempts to block or unreasonably restrict your solar installation, you have legal recourse under state law. Consult the full text of the statute at the NC Legislature’s official website or speak with a real estate attorney if you encounter HOA resistance to your solar project.

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

Winston-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 around 213 sunny days per year, but humidity and seasonal cloud cover affect output. The good news? A well-designed system still performs reliably year-round.

Solar Production in Winston-Salem 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 Winston-Salem

We mapped solar installations across Winston-Salem so you can see just how many of your neighbors have already made the switch. Explore the map below to discover which neighborhoods and communities are leading the way on solar energy right here in Winston-Salem, NC.

09

Leasing Solar Panels

If you’re not ready to pay for solar upfront, leasing is a practical alternative — and it’s available to most Winston-Salem homeowners. Both Duke Energy Carolinas and Duke Energy Progress customers in the area are eligible for a solar lease through Palmetto’s LightReach program. Note that EnergyUnited customers are not currently eligible, as third-party ownership (TPO) is prohibited under that utility.

With a solar lease, you pay a fixed monthly amount — for example, around $95/month for a medium-sized home — while Palmetto owns and maintains the system. That means no repair bills, no performance worries, and no large upfront investment. You simply pay your monthly lease and let the system work for you. This is different from a Power Purchase Agreement (PPA), where you’d pay per kilowatt-hour produced. With a lease, your payment stays predictable month to month. Learn more about the differences between buying and leasing solar.

Compared to a cash purchase, leasing means you skip the upfront cost, the maintenance responsibilities, and the payback period math. Palmetto also backs LightReach with a 90% production guarantee and a comprehensive protection program — so if something goes wrong, it’s covered. For Winston-Salem homeowners served by Duke Energy, leasing is a straightforward way to start saving on electricity without taking on the full cost of ownership.

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, solar makes sense for many Winston-Salem homeowners. With around 213 sunny days per year and North Carolina electricity rates rising 25% since 2021, a typical home can save approximately $61,000 over 25 years. State incentives like the Duke Energy PowerPair rebate (up to $9,000), a full property tax exemption, and a sales tax exemption on equipment make the numbers even more favorable.

If upfront cost is a concern, Palmetto’s LightReach solar lease removes that barrier entirely — Winston-Salem homeowners can go solar with no money down and start saving from day one, with payments starting as low as $95/month.

Winston-Salem is primarily served by Duke Energy Carolinas (DEC), which offers a Net Metering Bridge Rider (NMB) for new solar customers. Under NMB, any excess energy you produce beyond your monthly consumption is credited at 3.4¢/kWh and carried forward monthly. Once program capacity is reached, new customers transition to the Residential Solar Choice (RSC) rate, which uses Time-of-Use pricing. A $22/month minimum bill and a $0.28/kW DC monthly charge also apply.

The legacy 1-to-1 net metering program (full retail-rate credits) closed to new customers on October 1, 2023. Homeowners who interconnected before that date are grandfathered until January 1, 2027. EnergyUnited, which also serves parts of the Winston-Salem area, offers a net billing export credit of approximately 3.3¢/kWh with no annual true-up — credits settle 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 over $12,000 in added value.

North Carolina also offers a 100% property tax exemption on the added home value from solar, meaning you gain the resale benefit without paying higher property taxes. Note that leased systems may not transfer the same value as owned systems when selling.

The most affordable way for Winston-Salem homeowners to go solar is through Palmetto’s LightReach lease — with no upfront cost and a low fixed monthly payment starting around $95/month for a medium-sized home. Palmetto owns and maintains the system, so there are no surprise repair bills.

For those who prefer to own their system outright, a cash purchase for a typical Winston-Salem home runs approximately $23,000. Note that the federal 30% residential solar tax credit is no longer available following the Big Beautiful Bill. Use the solar cost calculator above for a personalized estimate.

For many Winston-Salem homeowners, solar can be worth it financially — especially with a lease option that requires no upfront investment. With Palmetto’s LightReach lease, your monthly payment is typically lower than your current electricity bill, so savings start on day one.

North Carolina electricity rates have risen 25% since 2021, and that trend is expected to continue. A typical Winston-Salem home can save around $61,000 over 25 years with solar, while state incentives like the Duke Energy PowerPair rebate, property tax exemption, and sales tax exemption improve the financial picture further.

Palmetto is a strong choice for solar installation in Winston-Salem. We’re a national company with deep local roots — having completed 2,076 installations across North Carolina since 2020. Our vetted local install network understands the Triad area, and we offer some of the best financing options in the industry, including our LightReach lease with no upfront cost and payments starting as low as $95/month.

We back every installation with a 90% production guarantee and a comprehensive protection program, so Winston-Salem homeowners can feel confident from day one. With over 20,000 customers served across 31 states and an approval rating above 85%, we’re committed to making solar simple, honest, and accessible.

With Palmetto’s LightReach lease, Winston-Salem homeowners can go solar with no upfront cost. Palmetto owns the system and handles installation, monitoring, maintenance, and includes a 90% Production Guarantee — all in one simple monthly payment. For a typical 8.19 kW system, the estimated monthly lease payment is approximately $95/month.

Because Palmetto owns the system, it claims the commercial Investment Tax Credit (ITC) and passes those savings to you through lower monthly payments. Since the lease payment is typically less than your current electricity bill, most Winston-Salem homeowners start saving from day one.