On average, Wilmington, NC residents spend about $193 per month on electricity. That adds up to $2,316 per year.
That’s 9% higher than the national average electric bill of $2,125. The average electric rates in Wilmington, NC cost 15 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Wilmington, NC is using 1,280 kWh of electricity per month, and 15,360 kWh over the course of the year.
Electric rates in Wilmington, NC
This data is aggregated over the past 12 months.
Electric bill savings with solar in Wilmington, NC
Solar saves you money by reducing or eliminating your monthly electric bill. The amount that you can save with solar in Wilmington, NC is based on two factors: how much you spend on electricity now and how much of your electric bill you can offset with solar.
Based on the intensity and amount of sunlight hours in Wilmington, NC, the average electricity customer in Wilmington, NC will need a 10.7 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 15,360 kWh per year. On the EnergySage Marketplace, solar shoppers in Wilmington, NC pay an average of $28,000 for a 10.7 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electric bill with solar can add up fast! Assuming an 1.9% annual increase in electricity prices and that you install your system with a $0-down loan, you can expect to save $2,300 in your first year, $12,000 over five years, $25,200 over 10 years, and $55,600 over 20 years on electric bills in Wilmington, NC. Over your system’s lifetime you’ll save more by financing your solar system with a cash purchase, but you won’t start saving in year one. Learn more about how to finance your solar panel system.
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