Duke Energy Carolinas and Duke Energy Progress Solar Rebate for North Carolina Approved – Becoming Available Early July 2018
In January 2018, Duke Energy Carolinas and Duke Energy Progress proposed a $62 Million solar rebate program for Duke Energy Carolinas and Duke Energy Progress customers in North Carolina. As of May 2018, Duke Energy states that the company is preparing to begin this program, having received approval by state energy regulators in a ruling dated April 3, 2018. The company has filed a letter indicating that the program should open around July 9.
North Carolina residents who have Duke Energy Carolinas or Duke Energy Progress as their utility would be eligible for a rebate which will come in the form of check back to the customer.
The proposed residential rebate is 60 cents on every Watt (AC) of solar power. The rebate proposal has received the approval of the North Carolina Utilities Commission (NCUC). Complete program details are expected to come out prior to the summer 2018 program launch. For many Duke Energy Carolinas and Duke Energy Progress customers who go solar, this proposed rebate will mean thousands of dollars back from Duke Energy Carolinas and Duke Energy Progress.
The residential upper limit per project for collecting the incentive is 10 kiloWatts (AC) (or up to $6,000), and the non-residential incentive will be applicable up to 100 kiloWatts (AC) (or up to $50,000). Projects can still be installed larger than that, but the incentive will only extend to the approved size.
The rebate is only going to be available for as long as program funds last. It’s our understanding that customers “get in line” for the rebate based on the date you apply to collect the rebate for your eligible solar energy project that came online in 2018. In other words rebate applications are to be considered and accepted in the order received. Find a helpful summary in this blog post.
Ready to discuss this incentive with a local solar professional and find out more? Give us a call or use the form on this page to request a no-pressure solar energy assessment, and we look forward to speaking with you!