State OKs Duke Energy's $62 million solar rebate program: Do you qualify?

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ASHEVILLE — North Carolina state regulators approved this month Duke Energy’s $62 million rebate program that largely incentivizes customers to install solar equipment at their homes and businesses.

Customers can begin signing up for the rebate program this summer after Duke Energy received approval from the North Carolina Utilities Commission. The program applies to Duke Energy’s residential, nonresidential and nonprofit customers who installed a solar system and a bi-directional meter on their property on or after Jan. 1.  The company said a standard rooftop array of eight kilowatts, common among residential customers, would be eligible for a $4,800 rebate. 

It is part of Duke Energy’s compliance with the state’s Competitive Energy Solutions for North Carolina legislation, signed into law last year by Gov. Roy Cooper. 

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David Fountain, the company’s North Carolina president, said in a news release Monday that the legislation encourages “solar ownership for customers while we pursue a balanced and affordable energy mix for all customers.”

“It also allows Duke Energy to secure solar energy from independent facilities at a market rate – also a benefit for customers,” he said. 

Under the rebate program, residential customers are eligible for a rebate of 60 cents per watt for solar energy systems 10 kilowatts or less for a maximum rebate of $6,000. For nonresidential customers, it is 50 cents per watt for a maximum rebate of $50,000.

Nonprofit customers such as churches or schools are eligible for a rebate of 75 cents per watt up to $75,000, the company said.

The program is the first of three Duke Energy rolled out recently in response to the legislation. Others include Shared Solar, which allows customers to subscribe to solar output from a nearby facility; and Green Source Advantage, a program which allows large customers to secure solar power to offset the amount purchased from Duke.

Both Shared Solar and Green Source Advantage still require approval from the North Carolina Utilities Commission.

The complete filing on the $62 million rebate program is posted below. Eligibility guidelines and updates about the solar rebate program are available on Duke Energy’s website at duke-energy.com/home/products/renewable-energy.

 

 

 

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