Keep in mind that program criteria and payment models vary between companies so it s important to understand the advantages and disadvantages of both solar options before making a decision.
Southport nc solar farm versus roof top.
On average 1 acre solar farm cost about 500 per month to lease in the united states.
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Rooftop solar comparison table.
Joining a community solar farm can be a great option if your roof isn t right for solar or don t want solar panels installed on your property.
It s accessible for millions of americans that can t put panels on their roof including renters and thanks to the most innovative qualifying metric in solar energy people whose credit scores fall short of rooftop solar developers high standards.
There s little sense in installing a rooftop array if you re going to move in a few years.
To participate you must be a bemc member in good standing with an active electric account.
Even if your roof is good for solar enrolling in a community solar project can still be worth it if the costs are low and the contract terms are beneficial.
The cost of land for 1 mw plant will therefore translate to 2 500 per month on average.
The above cost is non inclusive of the license fees and value of the land.
Federal investment tax credit when you consider the recent extension of the federal itc for solar the horizon of incentives in north carolina broadens even further.
Community solar wins out here.
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Community solar is a more affordable low risk way to enjoy the benefits of solar energy without the hassle of designing permitting installing maintaining and insuring your own pv solar array.
The table below examines the main differences between rooftop and community solar.
Thanks to this legislation solar loan terms in north carolina can be no longer than 20 years have an interest rate cap set at 8 percent and can easily be renewed.