On average, Winston Salem, NC residents spend about $157 per month on electricity. That adds up to $1,884 per year.
That’s 17% lower than the national average electric bill of $2,276. The average electric rates in Winston Salem, NC cost 12 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Winston Salem, NC is using 1,281 kWh of electricity per month, and 15,372 kWh over the course of the year.
Electric rates in Winston Salem, NC
This data is aggregated over the past 6 months.
Electric bill savings with solar in Winston Salem, NC
Solar saves you money by reducing or eliminating your monthly electric bill. The amount that you can save with solar in Winston Salem, 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 Winston Salem, NC, the average electricity customer in Winston Salem, NC will need a 10.7 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 15,372 kWh per year. On the EnergySage Marketplace, solar shoppers in Winston Salem, 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 $1,900 in your first year, $9,800 over five years, $20,500 over 10 years, and $45,300 over 20 years on electric bills in Winston Salem, 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.
