Since every year the rebate has filled up faster and faster, we’re taking appointments to make sure local folks can cash in on 2021’s rebate. Nonresidential customers would be eligible for 50 cents per watt. (Non-profits can’t use the existing tax incentives for solar so this a unique opportunity for non-profits. The program needs to be approved by the N.C. Utilities Commission. "The numbers tell of a very popular program that's spurring the addition of rooftop solar in North Carolina," Duke spokesman Randy Wheeless said. You may still qualify for the 26% federal tax credit for installing a residential or commercial solar energy system. tax credits for new solar installations are also available, some installers and their customers have tried to beat the odds, Sean Connery, Actor And The Original James Bond, Dies At 90, With Deluge Of Mail Ballots, Here's When To Expect Election Results In 6 Key States. Solar Rebates Go Quickly, So Some Try To Boost The Odds, Duke Energy's 2019 Home Solar Rebates Gone In 2 Days.

Privacy Policy. Sustainable Energy Association and Duke Energy," said Ivan Urlaub, NCSEA's executive director. All Duke Energy customers who install solar panels are eligible for a healthy rebate! Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States. Instead of owning the system, customers can lease solar panels from another company. Under the program, residential customers will be eligible for a rebate of 60 cents per watt for solar energy systems 10 kilowatts (kW) or less. Duke notified state regulators Monday that the residential and business rebates were gone. Serving Raleigh, Cary, Durham, Carrboro, Greensboro, Morrisville, Chapel Hill, Apex, Holly Springs, Garner, Winston-Salem, High Point, Burlington, Fayetteville and all of North Carolina. Contact: Randy Wheeless  Businesses: Between rebates and tax credits, save more than 70%. 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.". "If approved, this program will enable more North Carolinians across our state to realize the cost-saving benefits of solar. Office: 704.382.8379 | 24-Hour: 800.559.3853 Duke Energy's rebate program will help them by lowering their initial costs.". Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. Hop in Our Duke Energy Solar Rebate Queue .

Much like leasing a car, a third-party leasing agency owns the system while the customer has a contract to use the output of the solar panels. All rights reserved. Sometimes referred to as HB 589, the law calls for a major increase in solar power in the state, which is already second in the nation for overall solar power. 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. Those who didn't make the cut will go on a waiting list and could eventually get rebates, he said. Here’s the short version: Homeowners: Save 40-50% when you combine the Duke Energy solar rebate—up to $6,000—with the 26% federal tax credit. All Rights Reserved. Nonprofit customers (such as churches and schools) would be eligible for an enhanced rebate of 75 cents per watt for systems 100 kW or less. Businesses can get up to $50,000 and local governments, churches and other nonprofits up to $75,000. 90.3 Hickory 106.1 Laurinburg. It also offers glimpses into the past and insights into the future of energy. "We are structuring our program to give customers more flexibility on how to adopt solar resources," added Fountain. Shared Solar – Will allow customers to subscribe to the output of a nearby solar facility and provides an alternative for customers who do not want, or can't have, a solar array on their property. Here’s the short version: Here are some more details about how the program works: This program has been very popular with both residential, commercial, and nonprofit customers! We are glad to have been a voice for electric consumers in the design of this program. Not sure what to do?

Installed systems 10 kW or greater would be eligible for a maximum rebate of $6,000. Co-sponsored by state Representatives Dean Arp and John Szoka, the law was passed by the General Assembly and signed by Gov. Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. In past years, about 60% of those who applied got the rebates. Non-profit customers can save up to $75,000 per system with Duke Energy rebates. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook. Yes Solar Solutions was on the working group that negotiated this rebate with Duke Energy, and we are uniquely qualified to help you navigate the process. NC Begins Smartphone Coronavirus Contact Tracing, But Will Enough People Use The App? Customers will also have a solar leasing option. Copyright 2020 Yes Solar Solutions. It's the third year in a five-year, $62 million rebate program required by a 2017 state law. If you’re ready to make the switch to solar… let’s get you in the queue. But the company says there is still money available for nonprofits and governments, which have been slow to take advantage of the program. After 2020, this credit decreases year by year, when it reaches 10% in 2022—so don’t wait to take advantage of this savings! Duke Energy is one of the top energy providers in North Carolina serving over 2 million households. For example, a typical rooftop array of 8 kW would be eligible for a $4,800 rebate. We can help! 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. Duke Energy has set a schedule for solar installation rebates to be submitted and terms as to what systems qualify for the rebate. It's 26% for 2020, and will fall to 22% in 2021 before expiring the following year. The company's Gas Utilities and Infrastructure business unit distributes natural gas to approximately 1.6 million customers in the Carolinas, Ohio, Kentucky and Tennessee. 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. Solar. WFAE reported in October that they line up installations and paperwork ahead of the new year, and then wait at their computers for the application window to open. Under the program, homeowners can earn up to $6,000, businesses can get up to $50,000, and nonprofits like churches could see as much as $75,000. Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States. Yes Solar Solutions is proud to make solar simple, bringing the power of independence to North Carolina homeowners and businesses. 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. © Duke Energy Corporation. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. To be eligible for the rebate, Duke Energy has required that each applicant have an interconnection agreement ID. Learn how much you could saveby switching to solar. But there's still money left for nonprofits and local governments. If you still need reasons to invest in solar energy for your home or business, look no further than your bank account. More information about the company is available at duke-energy.com. Green Source Advantage – Will allow large customers to secure solar power to offset the amount of power purchased from Duke Energy. 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. Federal Tax Incentive . "Of course, customers have to determine if solar energy fits their needs.". Currently, in North Carolina, Duke Energy has about 6,000 customers who have private solar systems – with a total capacity of just over 50 megawatts. Take advantage of the Federal Solar Tax Credit for your solar energy system. The federal credit had been 30% of a project's costs until Dec. 31. The next Duke Energy rebate submission date is scheduled for January 2nd, 2021. Renewables, Duke Energy says 2020 rebates for new residential and commercial solar installations in North Carolina were taken up quickly after applications opened on Jan. 2. Here are some of the other stories catching our attention. Wheeless said the rebates have helped more than double rooftop solar installations in North Carolina, from about 5,900 two years ago to about 12,000 now.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. "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.

They can claim $0.75/watt with a cap of 100 kW. Homeowners can get up to $6,000, which could pay for as much as one-third of the cost of a solar-power system, depending on size. Twitter - @DE_RandyW, North Carolina, "We hope that will happen in 2020.". Because the smartest way to ensure you’ll get next year’s sought-after solar rebate is to start preparing today. ), Virtual Consultations & No-Contact Installation. Digital marketing by TriMark Digital. If your utility is Duke Energy or Duke Energy Progress, you could save money (even more money than you’ll already save by going solar) while helping to save the world. All Duke Energy customers who install solar panels are eligible for a healthy rebate! Because demand for the rebates is so high, some installers and their customers have tried to beat the odds. House Bill 589, North Carolina’s comprehensive solar legislation from 2017, required Duke Energy to develop a Solar Rebate Program for 20 MW per year (10 MW/year for Duke Energy Carolinas and 10 MW/year for Duke Energy Progress). 90.7 Charlotte 93.7 Southern Pines In 2018, Duke Energy will roll out additional programs to help customers go solar if they wish: These programs continue the company's efforts to implement the Competitive Solutions for North Carolina law, the state's landmark solar legislation. This is also known as the Solar Investment Tax Credit. These rebates are to be offered annually for five years, 2018-2022. Roy Cooper in summer 2017. Federal tax credits for new solar installations are also available — for now.

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