Randolph Electric Member and solar
Randolph Electric Member is an electric cooperative serving about 31,531 homes in North Carolina. Here's what its rates and export rules mean for solar: for a typical customer, solar is worth it.
- Average price (2026 est.)
- 17.0¢15% above North Carolina average
- Typical bill
- $1801,054 kWh a month
- Exports credited
- ~21%Net billing (reduced export credit)
- Typical payback
- 12.5 yrs9 kW, cash
Export rules for Randolph Electric Member customers
Net billing (reduced export credit) (North Carolina rule).
Duke Energy's new solar customers choose between the 'Bridge Rate' (retail-style net metering, open until Jan 1, 2027 or caps fill) and Residential Solar Choice, which requires a time-of-use rate and credits monthly net exports at avoided cost (~3.4-4 cents). Both include a minimum bill.
Solar for a typical Randolph Electric Member home
| System | 9 kW (100% of 1,054 kWh/month) |
|---|---|
| Cost | $24,650 |
| First-year savings | $2,018 |
| Payback | 12.5 years |
| 25-year net | $30,716 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- —
- Share of customers
- —
- Residential solar capacity
- —
- Residential customers
- 31,531
EIA-861, 2025.
Questions about Randolph Electric Member and solar
Does Randolph Electric Member have net metering?
Randolph Electric Member follows North Carolina's rules: Duke Energy's new solar customers choose between the 'Bridge Rate' (retail-style net metering, open until Jan 1, 2027 or caps fill) and Residential Solar Choice, which requires a time-of-use rate and credits monthly net exports at avoided cost (~3.4-4 cents). Both include a minimum bill.
How much does electricity cost with Randolph Electric Member?
Residential customers paid an average of 16.2¢ per kWh in 2025 (EIA), about 17.0¢ adjusted to 2026. The typical home uses 1,054 kWh a month, a bill of about $180.
Is solar worth it with Randolph Electric Member?
For a typical customer, solar is worth it: a 9 kW system costing about $24,650 pays back in about 12.5 years, with $30,716 net over 25 years.
How many Randolph Electric Member customers have solar?
Randolph Electric Member did not report residential net-metered solar to EIA for 2025.
Legal name: Randolph Electric Member Corp (EIA ID 15671). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.