How much does duke energy pay for solar
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. For example, a typical rooftop array of 8 kW would be eligible for a $4,800 rebate. Installed systems 10 kW or greater would be eligible for a maximum rebate of $6,000.
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6 FAQs about [How much does duke energy pay for solar]
Does Duke Energy pay for solar panels?
New rules for Duke Energy customers… CHARLOTTE — Starting Oct. 1, North Carolina is changing the way owners of residential solar panels get paid for the energy they produce, and, specifically, how much Duke Energy will pay for it.
Does Duke Energy offer solar rebates in North Carolina?
Duke Energy offers rebates to North Carolina customers who want to install a solar panel system. For homeowners, the program offers a $0.60/Watt rebate for systems up to 10 kilowatts. The benefit is equivalent to $3,600 for a 6 kilowatt (kW) system. Nonresidential customers also have access to rebates of $0.50/Watt to $0.75/Watt.
How much does Duke Energy pay per kW?
This is a charge that every customer pays, no matter what your energy use or production is. Duke Energy Carolinas (DEC) customers will pay 28 cents per kW each month and Duke Energy Progress (DEP) customers will pay up to 62 cents per kW each month.
Does Duke offer a time-of-use solar system?
Instead of a flat rate, Duke customers with solar will shift to a time-of-usage system, which compensates them for excess energy the panels produce based on the cost of energy at the time it’s produced. The timing for customers shifting to that system depends on when they installed their solar.
What is a Duke Solar proposal?
The proposal is the result of an agreement between Duke and solar industry groups — the North Carolina Sustainable Energy Association; the Southern Environmental Law Center, which represented Vote Solar and the Southern Alliance for Clean Energy; solar panel maker Sunrun Inc.; and the Solar Energy Industries Association.
Does Duke Energy restructure its solar net metering system?
Duke Energy recently restructured its solar net metering system for new solar customers in North Carolina. So what does this mean if you’re just starting to look into solar? To put it most simply, the extra energy that your solar system produces and sends back to Duke’s grid will be credited differently than it was previously.