Electricity Rates in Raleigh, NC

The average residential electricity rate in Raleigh is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Raleigh homeowners is approximately $96.

With solar panels, Raleigh homeowners can reduce their electricity costs by approximately 78%, saving around $75 per month or $30,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Raleigh area include Duke Energy Carolinas, Duke Energy Progress, Dominion Energy NC. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Raleigh and across North Carolina have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.