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Duke Energy launched a solar power rebate program designed to help its South Carolina customers with the upfront cost of installing solar on their property.
The rebate is another step forward in implementing Duke Energy’s Distributed Energy Resource program – a result of several years of productive collaboration with the state’s environmental leaders, businesses and community voices, and the creation of historic legislation passed by the general assembly.
The Public Service Commission of South Carolina approved the rebate on July 15.
The DER program is designed to support customer use of solar energy and grow the company’s renewable footprint in the state from less than 2 MW today to at least 110 MW and potentially 170 MW by 2021.
The rebate provides $1/watt-dc for qualified residential customers who install systems up to 20 kW-ac on their property and for business customers who install systems up to 1 MW-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 non-residential customer who installs 50 kW could earn a rebate of $50,000.
Systems installed as of Jan. 1, 2015, are also eligible for the rebate.
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.