Electricity rates › North Carolina

North Carolina electricity rates

Homes in North Carolina pay an average of 14.1¢ per kWh, 14% below the US average, and use 1,015 kWh a month. North Carolina ranks #34 of 51 for residential electricity prices.

14.1¢average price per kWh

1,015 kWhaverage use per month

$143average monthly bill

#34 of 51price rank (1 = most expensive)

Residential rates by utility in North Carolina

Utility	¢/kWh	ZIP codes served
Duke Energy Carolinas, LLC	11.9	558
Duke Energy Progress	14.2	498
EnergyUnited Elec Member Corp	11.7	101
Virginia Electric & Power Co	13.6	96
Rutherford Elec Member Corp	13.6	50
Blue Ridge Elec Member Corp	14.7	49
Roanoke Electric Member Corp	16.7	46
Surry-Yadkin Elec Member Corp	15.8	42
Four County Elec Member Corp	13.4	40
Haywood Electric Member Corp	16.7	37
South River Elec Member Corp	12.9	35
Brunswick Electric Member Corp	14.0	35

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in North Carolina?

At 14.1¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $141. A system that covers the average North Carolina home would replace about 12,180 kWh a year, roughly $1,721 of electricity at today’s prices.

9.2 kWsystem for an average home (23 panels)

$27,600rough installed cost

$1,721electricity saved per year

~16 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your North Carolina home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).