Nothing facilitates a homeowner’s transition to renewable energy more than a state and electric utility provider that supports solar photovoltaic (PV) installations through broad and accessible incentives.
Solar power has been growing rapidly in both North and South Carolina, not without the help of Duke Energy. With a year marked by the bolstering of its commitment to clean energy, Duke Energy has been recognized once again as one of the World’s Most Admired Companies by Fortune Magazine.
Why the accolades? As one of the largest electric power holding companies in the United States, providing electricity to 7.7 million retail customers, Duke Energy has advanced an increasing amount of initiatives, incentives, and rebates targeting renewable energy, with programs enabling customers in North and South Carolina to transition to solar energy.1
As one of the leading solar developers in the United States, Duke Energy Renewables boasts over 3 GW of renewable energy capacity, powered by 30 solar power plants situated across North Carolina. This impressive capacity can generate sufficient energy to power more than 200,000 homes in that state alone. Duke Energy also holds a sizable footprint in South Carolina with robust Solar Rebate and Shared Solar programs.
Net Metering with Duke Energy
Interested in selling your excess solar generation to the electrical grid? Duke Energy offers net metering in North Carolina and South Carolina.
In North Carolina, the state has offered full retail net metering since 2000. This means that any excess energy that a solar customer generates is credited back to their account. Duke’s current net metering policy in North Carolina is a flat rate system that provides electricity credits stored at a 1:1 rate.
In South Carolina, net metering credits are allocated monthly at a rate of 10 to 11 cents/kWh, and unused credits are paid out annually each March.4
Is Going Solar Worth it if You Have Duke Energy?
Duke Energy’s solar initiatives targeting low-income households have made a significant difference. As of 2020, these programs enabled more than 1,000 low-income families to tap into solar power. They also offer generous one-time rebates and net metering, reducing the pressure of upfront installation costs for solar PV systems.
How much can you save? Check out Duke Energy’s Solar Savings Tool to break down the benefits of going solar in North and South Carolina! 5 In addition, the South Carolina Solar Tax Credit offers a 25% break on installing solar photovoltaic (PV) panels.
Understanding Duke Energy’s Solar Rebate Program
Previously, Duke Energy’s NC Solar Rebate Program2 was a program that offered a one-time rebate for homes, businesses, and nonprofits that install solar panels. However, it is currently closed for applications and there is not another program actively collecting applications at this time.
Choosing a Solar Panel Installer in NC
Solar installations can involve a dizzying amount of detail. By working with Freedom Solar Power, the process is made simple. After your initial consultation, we dispatch a crew to evaluate if your home is a good fit for solar panel installation. If your home meets the criteria, our team will handle the installation of the solar panels on your rooftop.
Finding the right partner to guide you on your solar journey is crucial. They should have a combination of local knowledge, technical expertise, and above all be transparent and honest in guiding your solar needs. Freedom Solar Power has over 15 years of experience with products backed by a 25-year performance, power and workmanship warranty. Contact us today to take advantage of Duke Energy’s rebates and South Carolina and North Carolina solar incentives!
Resources:
- https://www.seia.org/state-solar-policy/north-carolina-solar
- https://www.duke-energy.com/-/media/pdfs/for-your-home/2023-nc-solar-rebate
- https://www.duke-energy.com/home/products/renewable-energy/nc-solar-rebates
- https://www.energysage.com/local-data/net-metering/duke-energy/
- https://solar-estimator.duke-energy.app/estimate