Published Oct. 20, 2015
Duke Energy has launched a solar rebate program to help its S.C. customers with the upfront cost of installing solar on their property. The rebate was approved by the Public Service Commission of South Carolina on July 15. Systems installed as of Jan. 1, 2015, also are eligible for the rebate.
The rebate provides $1 per watt-DC for qualified residential customers who install systems up to 20 kilowatts-AC on their property and for business customers who install systems up to 1 megawatt-AC on their property. This means a residential customer who installs a typical 5-kW system could earn rebates of about $5,000 under the program. Likewise, a nonresidential customer who installs 50 kW could earn a rebate of $50,000.
Earlier this year Duke Energy introduced a net-metering rider which allows customers to receive 1-1 retail credit for excess energy they produce from their solar installations through 2025. The incentive provides customers with retail credit for the energy produced from their systems. Customers currently net metering under the old rider will be allowed to switch to the new rider by contacting Duke Energy at 864-233-2290 or by email at firstname.lastname@example.org. Customers who choose not to net meter may elect to sign a power purchase agreement with the company. Under this agreement, the solar owner would sell to Duke Energy all of the energy produced and delivered to the grid by the solar installation.
Customers can apply for the rebate through the company’s website. Successful participants can use the rebate for a purchase or a solar lease agreement. The rebate is payable to the customer or their installer upon completion of the installation.
To qualify, a customer must be receiving electric service from Duke Energy in South Carolina and must own the property where the solar is installed. Because the rebate was established based on solar capacity limits set in legislation, Duke Energy will enable a certain amount of solar at a rebate price and then may adjust the rebate in the future.