Hosted by Duke Energy, illumination is an online destination for stories about people, innovations, and community and environmental topics. Office: 704.382.8379 | 24-Hour: 800.559.3853 (Non-profits can’t use the existing tax incentives for solar so this a unique opportunity for non-profits. Privacy Policy.

Learn how much you could saveby switching to solar. 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. Installed systems 100 kW or greater would be eligible for a maximum rebate of $50,000 for non-residential customers, or $75,000 for nonprofit customers. The program needs to be approved by the N.C. Utilities Commission. Sustainable Energy Association and Duke Energy," said Ivan Urlaub, NCSEA's executive director.
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. © Duke Energy Corporation.

We are glad to have been a voice for electric consumers in the design of this program. Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the United States.

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.
Duke notified state regulators Monday that the residential and business rebates were gone. NC Begins Smartphone Coronavirus Contact Tracing, But Will Enough People Use The App? 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 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. 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. Solar Rebates Go Quickly, So Some Try To Boost The Odds, Duke Energy's 2019 Home Solar Rebates Gone In 2 Days. Duke’s solar rebate initiative, part of a wide-ranging energy law enacted in 2017, has helped tilt that balance. This field is for validation purposes and should be left unchanged. Federal Tax Incentive . Those who didn't make the cut will go on a waiting list and could eventually get rebates, he said. 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! Installed systems 10 kW or greater would be eligible for a maximum rebate of $6,000. Its Electric Utilities and Infrastructure business unit serves approximately 7.5 million customers located in six states in the Southeast and Midwest. Green Source Advantage – Will allow large customers to secure solar power to offset the amount of power purchased from Duke Energy. 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. Renewables, "In a perfect world, we'd like everyone to get a rebate, but there's a finite amount.". 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.". Copyright 2020 Yes Solar Solutions. "Of course, customers have to determine if solar energy fits their needs.". "We hope that will happen in 2020.". Instead of owning the system, customers can lease solar panels from another company. If you still need reasons to invest in solar energy for your home or business, look no further than your bank account. The next Duke Energy rebate submission date is scheduled for January 2nd, 2021. Because the smartest way to ensure you’ll get next year’s sought-after solar rebate is to start preparing today.

"If approved, this program will enable more North Carolinians across our state to realize the cost-saving benefits of solar. Non-profit customers can save up to $75,000 per system with Duke Energy rebates. Not sure what to do? Nonresidential customers would be eligible for 50 cents per watt.

It's 26% for 2020, and will fall to 22% in 2021 before expiring the following year. Duke Energy is a Fortune 125 company traded on the New York Stock Exchange under the symbol DUK. 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. To be eligible when the application opens on January 2, it’s important to start the process of selecting a solar installation company and getting an interconnection request filed as soon as possible. But there's still money left for nonprofits and local governments. The Duke Energy News Center serves as a multimedia resource for journalists and features news releases, helpful links, photos and videos. "We are structuring our program to give customers more flexibility on how to adopt solar resources," added Fountain. Twitter - @DE_RandyW, North Carolina, Take advantage of the Federal Solar Tax Credit for your solar energy system. 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.

Roy Cooper in summer 2017. Solar. 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. It's the third year in a five-year, $62 million rebate program required by a 2017 state law. "For many customers, installing solar is a significant investment.

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.

Serving Raleigh, Cary, Durham, Carrboro, Greensboro, Morrisville, Chapel Hill, Apex, Holly Springs, Garner, Winston-Salem, High Point, Burlington, Fayetteville and all of North Carolina. 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.

This is also known as the Solar Investment Tax Credit. For example, a typical rooftop array of 8 kW would be eligible for a $4,800 rebate. Businesses: Between rebates and tax credits, save more than 70%.

All rights reserved. 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. "We'd like more nonprofits to take advantage of it as well — schools, cities and towns and other institutions," Wheeless said. Residential customers can get $0.60 per Watt up to a maximum of $6,000. 90.3 Hickory 106.1 Laurinburg. Customers will also have a solar leasing option. Duke Energy is one of the top energy providers in North Carolina serving over 2 million households. 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). 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. Co-sponsored by state Representatives Dean Arp and John Szoka, the law was passed by the General Assembly and signed by Gov. More information about the company is available at duke-energy.com.

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. You may still qualify for the 26% federal tax credit for installing a residential or commercial solar energy system. 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. ), Virtual Consultations & No-Contact Installation. 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.

These rebates are to be offered annually for five years, 2018-2022. Duke Energy has set a schedule for solar installation rebates to be submitted and terms as to what systems qualify for the rebate. 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. Yes Solar Solutions is proud to make solar simple, bringing the power of independence to North Carolina homeowners and businesses. All Duke Energy customers who install solar panels are eligible for a healthy rebate! 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! Its Commercial Renewables business unit operates a growing renewable energy portfolio across the United States. It also offers glimpses into the past and insights into the future of energy.

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