Solar Tax Credits and Rebates
Enjoy major savings on your solar installation with North Carolina’s federal and utility incentives. From tax credits to local rebates, homeowners now have more financial tools than ever to offset the cost of going solar.
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Going solar in North Carolina doesn’t just lower your energy bills—it opens the door to powerful incentives that put real money back in your pocket. Federal and utility programs can cut your solar investment by thousands. We help you navigate it all.
What Is the Federal Solar Tax Credit (ITC)?
The Federal Investment Tax Credit (ITC) allows homeowners to deduct 30% of the total cost of their solar energy system from their federal income taxes. This applies not only to the solar panels themselves but also to related expenses like labor, permitting, electrical work, and even battery storage when installed alongside solar. With no cap on the amount you can claim, the ITC can translate to thousands in savings—helping homeowners in North Carolina significantly reduce their upfront solar investment.
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This 30% credit is available through 2032, with a planned reduction to 26% in 2033 and 22% in 2034 unless extended. For example, if your solar and battery project costs $30,000, you could receive a $9,000 federal tax credit. When combined with Duke Energy’s solar rebate and long-term utility savings, the ITC dramatically improves your return on investment and makes going solar more accessible than ever.
What’s Covered Under the ITC?
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Solar panel system equipment
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Battery storage (if installed with solar)
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Installation labor and permitting fees
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Electrical panel or service upgrades
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System monitoring equipment and wiring
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Utility Rebates – Duke Energy PowerPair Program
If you’re a Duke Energy customer in North Carolina, you could qualify for one of the most generous utility rebate programs in the Southeast. The PowerPair Program provides financial incentives for homeowners who install both solar panels and battery storage at the same time. It’s designed to encourage energy resilience and reduce stress on the electrical grid—while helping you save thousands upfront.
With funds awarded on a first-come, first-served basis, early application is essential. Our team can guide you through the rebate timing, paperwork, and system design to ensure you don’t miss out. Combined with the federal tax credit, the PowerPair rebate can reduce your solar installation cost by nearly 50%—making it an ideal time to invest in solar + storage.
Available Incentives at a Glance
| Program | Details | Estimated Savings* |
|---|---|---|
| Federal Investment Tax Credit (ITC) | 30% of total system cost; available through 2032 | $10,200 |
| Duke Energy PowerPair – Solar Rebate | $0.40 per watt up to $3,600 for solar panel installation | $3,600 |
| Duke Energy PowerPair – Battery Rebate | Up to $5,400 for battery storage when paired with solar | $5,400 |
| Estimated Total Incentives | Up to $9,000 from Duke + 30% federal tax credit | $19,200 |
How Solar Incentives Make Going Solar in North Carolina a Smart Choice
Cut Monthly Utility Bills and Keep More Money in Your Pocket
Net metering policies in North Carolina let you earn credits for any extra energy your solar panels produce and send back to the grid. These credits can reduce your electric bill even further, especially during peak usage months. Combined with rebates and tax credits, the ongoing savings from net metering ensure that your solar investment continues to deliver returns long after it's paid off.
Add Battery Backup and Get Rewarded for Resiliency
Homeowners who install solar plus battery storage may also qualify for Duke Energy’s PowerPair program, which offers an additional $5,400 rebate for battery systems when paired with a new solar installation. This is part of a larger initiative to strengthen the grid and provide homeowners with more energy security during power outages. With battery backup, your home remains powered even when the grid goes down—while qualifying for thousands more in incentives.
Shorten Your Payback Period and Boost Long-Term ROI
By combining Duke Energy rebates with the federal tax credit, many North Carolina homeowners can cut their out-of-pocket costs by 40–50%. This dramatically shortens the average payback period—often to just 6 to 8 years—after which your system produces clean, low-cost energy for decades. Solar is no longer just an environmental upgrade—it’s a smart financial move.
Save Thousands with Tax Credits and Utility Rebates
Homeowners in North Carolina can take advantage of the 30% Federal Solar Investment Tax Credit (ITC)—which allows you to deduct nearly one-third of your total system cost from your federal taxes. On top of that, Duke Energy’s Solar Rebate Program offers up to $4,000 in additional rebates for residential solar customers. Rebates are awarded based on system size—currently at $0.40 per watt for systems up to 10 kW (AC), making solar far more affordable from day one.
Frequently Asked Questions About Solar Incentives and Rebates
What kinds of solar incentives are available in North Carolina?
At MJAK Contracting, we help you tap into two major incentives: the Federal Investment Tax Credit (ITC) and Duke Energy’s PowerPair rebate. The ITC allows you to deduct 30% of your total system cost from your federal taxes, while PowerPair can provide up to $9,000 in cash-back rebates when you install both solar panels and battery storage.
Can I use both the federal tax credit and Duke Energy rebates together?
Yes! In fact, combining these two programs is the best way to reduce your upfront costs. The Duke Energy rebate lowers your invoice total, and you can apply the 30% federal tax credit to whatever you pay out of pocket. MJAK Contracting will walk you through the numbers and handle all necessary documentation.
Do I have to install a battery to get Duke’s PowerPair rebate?
You do. PowerPair was designed to reward homeowners who invest in both solar power and energy resilience. MJAK offers fully integrated systems that qualify for the program, and we help you submit your application during the open enrollment periods.
What areas do you serve for solar and incentive installations?
We proudly serve homeowners across The Triangle and beyond, including Raleigh, Durham, Chapel Hill, Apex, Cary, Greensboro, Winston-Salem, Wilmington, Charlotte, and surrounding areas in North Carolina. If you’re unsure whether you’re in our service zone, just ask—we’ll be happy to check.
What happens if I don’t owe enough taxes to use the entire ITC credit this year?
No problem. The federal solar tax credit is a nonrefundable credit, which means you can carry over any unused portion to future tax years. Many of our clients benefit over 2–3 years, depending on their income.
How much can I expect to save with these incentives?
While savings vary, a typical solar + battery project can qualify for up to $19,200 in combined incentives. MJAK Contracting provides you with a detailed quote that breaks down how much you’ll save—and how quickly you’ll earn your return on investment.
Are there deadlines for these solar programs?
The federal tax credit remains at 30% through 2032, but Duke’s PowerPair rebate is limited to specific application windows and funding caps. We monitor these dates closely and prioritize your application to help secure your rebate in time.
Why MJAK Is North Carolina’s Go-To Solar Team
Straightforward Solar Estimates—Tailored to You
Thinking about solar for your home? Our quote process is fast, accurate, and pressure-free. We’ll give you a transparent estimate based on your actual energy needs—not inflated projections or pushy sales tactics. Just facts, figures, and a system that makes sense for your budget.
Guidance You Can Count On—from Start to Finish
Going solar is a big decision, and we’re here to make it simple. Whether you’re navigating rebates, net metering, or your first solar installation, our team explains everything clearly so you’re never left guessing. We pride ourselves on turning industry jargon into smart, actionable steps.
Transparent Pricing. No Gimmicks. No Surprises.
We believe your solar experience should come with peace of mind. That’s why our pricing is clear and consistent—no last-minute fees or fine-print clauses. If anything unexpected comes up, we explain your options and help you make the call, no pressure.
Real-Time Updates You Can Rely On
You’ll never be in the dark about your project timeline. MJAK gives you regular updates so you know exactly what’s happening—from permitting and installation to final inspection. Your energy journey is just as important to us as your end result.
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- Go Solar for $0 down
- 30% Federal Tax Credit Available
- 25-Year Warranty Included
