Solar Panel Cost in 27615

· Source: NREL and SEIA

Raleigh, North Carolina · Moderate ROI

Payback 10.6 years

6kW System Cost Breakdown

Gross Installation Cost $16,800 $2.8/W installed
Federal Tax Credit (30%) −$5,040 ITC through 2032
Net Cost After Credit $11,760 Your out-of-pocket cost

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Savings & ROI for 27615

Annual Electricity Savings $1,112 At $0.125/kWh local rate
Annual Solar Production 8,896 kWh 5.08 kWh/m²/day irradiance
Break-Even Point 10.6 years Moderate ROI
25-Year Net Savings +$16,040 After total system cost

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Assumes fixed-rate loan. Actual rates vary by lender and credit score. Solar-specific loans from Mosaic, GoodLeap, or Sunlight often offer lower rates than personal loans.

Solar Resource in Raleigh

Raleigh (27615) receives an average of 5.08 kWh/m²/day of solar irradiance, based on latitude 35.882°N and North Carolina regional weather patterns from NREL data. At the local electricity rate of $0.125/kWh, a 6kW system generates roughly $1,112 per year in bill savings.

Solar irradiance vs. US average (4.5 kWh/m²/day)
07.5 kWh/m²/day

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Nearby Zip Codes in Raleigh

How We Calculate Solar Costs for 27615

Costs are based on the average price per watt for North Carolina ($2.8/W), applied to a standard 6kW residential system. Solar irradiance is derived from NREL PVWatts data for latitude 35.882°N, adjusted for local weather patterns. Electricity rate uses the North Carolina EIA average of $0.125/kWh.

The 30% federal Investment Tax Credit (ITC) applies as a credit against your federal income tax liability. Many states offer additional credits; check your state's energy office for local incentives.

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