North Carolina to witness $62 million Solar rebate program stated by Duke Energy

Duke Energy calls for a $62 million solar rebate program implied to aid Customers in North Carolina to recuperate the upfront cost of installing solar panels on their property.

David Fountain, Duke Energy’s North Carolina president claimed “he 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.”

Duke Energy has about 6,000 customers who have private solar systems – with a total capacity of just over 50 megawatts. The program expects to increase North Carolina’s private solar market by 200 percent over the next five years, providing an economic boost for the state’s solar installation business as well.

Ivan Urlaub, NCSEA’s executive director said “If approved, this program will enable more North Carolinians across our state to realize the cost-saving benefits of solar. We are glad to have been a voice for electric consumers in the design of this program. NCSEA looks forward to partnering with all energy providers and their customers to continue innovating solutions that open our growing clean energy market to everyone.”