Attention Duke Carolina's Customers: Solar Rebates Are Now Available!
CHARLOTTE—Duke Energy’s $62 million solar rebate program—which will help North Carolina customers with the upfront cost of installing solar panels on their property—was approved this month by the North Carolina Utilities Commission.
The program is part of 2017’s Competitive Energy Solutions for North Carolina law, also known as House Bill 589, which includes new Duke Energy programs to benefit customers.
Customers can start signing up for the program this summer.
“The Competitive Energy Solutions law for North Carolina will encourage solar ownership for customers while we pursue a balanced and affordable energy mix for all customers,” David Fountain, Duke Energy’s North Carolina president, said. “It also allows Duke Energy to secure solar energy from independent facilities at a market rate—also a benefit for customers.”
CHARLOTTE, N.C. -- Duke Energy today proposed a $62 million solar rebate program designed to help its North Carolina customers with the upfront cost of installing solar panels on their property.
This is the first of three customer programs Duke Energy is proposing as part of the implementation of 2017's Competitive Energy Solutions for North Carolina law – also known as House Bill 589.
"The Competitive Energy Solutions law for North Carolina will reduce the cost our customers pay for solar, while also supporting their interest in solar energy in ways that are most meaningful for them," said David Fountain, Duke Energy's North Carolina president. "For many customers, installing solar is a significant investment. Duke Energy's rebate program will help them by lowering their initial costs."
If last week’s arctic freeze took your breath away, wait until you see your utility bills.
Duke Energy expects overall electricity usage for the first week of 2018 – when temperatures in Raleigh were 20 degrees below normal for eight days – to come in between 20 and 25 percent higher than normal. The cost of that surge in demand will be felt most by people who live in older homes with drafty crawl spaces, although newer energy-efficient homes will not go unpunished.
A household on PSNC Energy, the Triangle’s natural gas utility, could see bills increase $50 to $60 above a typical January bill of $130, said PSNC spokeswoman Persida Montanez. If the temperature is warmer than usual in the coming weeks, however, natural gas bills could balance out.
Duke Energy Carolinas set a new record for power use Friday, beating a previous all-time-high set Feb. 20, 2015. Duke Energy Carolinas, which has 2 million customers in the state, covers Chapel Hill, Durham, Carrboro and Hillsborough.
On Friday, President Donald Trump signed into law the comprehensive GOP tax reform bill, an overhaul of the federal tax code that left the U.S. solar industry largely unscathed. Congress approved the legislation along party lines earlier last week, and Trump signed the bill in the Oval Office after citing pressure from the media to meet a self-imposed Christmas deadline.
House Bill 589 which was announced by a news release from Speaker Tim Moore's office Monday afternoon, cleared the House Energy Committee in a little over 30 minutes Tuesday morning.
John Szoka, R-Cumberland, and Dean Arp, R-Union, say the highly technical 20-page proposal is the end result of nine months of negotiation between utilities, the solar industry, the state's business community and other stakeholders.