Duke Energy Announces Solar Rebate – Cape Fear Solar Is Ready

Reading time: 2 minutes 01/22/2018 News, Press Releases

Duke Energy Progress is working toward a clean energy future and that plan includes solar.

On January 22, 2018, Duke Energy announced a proposal for a $62 million solar rebate program available to customers who install solar arrays in 2018. The solar rebate offer is available to all North Carolina Duke Energy or Duke Energy Progress customers that have a solar energy meter installed on or after January 1, 2018. The Duke Energy Solar Rebate is limited to 5 Megawatts. Rebate claims will be reviewed in the order the applications are received.

Once approved, residential customers will be eligible for a rebate of 60 cents per watt for up to 10 Kilowatts (kW). Nonprofit customers would be eligible for a rebate of 75 cents per watt and nonresidential customers will be eligible for a rebate of 50 cents per watt for up to 100 kW. For residential customers this means they may be eligible for a rebate of up to $6,000, nonprofits could receive a rebate of up to $75,000 and nonresidential customers can receive a maximum rebate of $50,000.

To qualify for the solar rebate, customers must hire a solar contractor that meets all necessary requirements. These requirements, as outlined by Duke Energy, are that the solar company must have a licensed electrician, a general contractor’s license, and have NAPCEP® PV certification. Cape Fear Solar has all the necessary licenses, offers several NAPCEP Certifications, OSHA safety training, and over 10 years’ experience installing solar in North Carolina.

Many residential customers find the average upfront cost of going solar to be challenging and Duke Energy believes this solar rebate will help customers overcome the initial cost. For 2018 there is also a 30% Federal Tax Credit available for customers with tax liability. Cape Fear Solar Systems helps each of their customers take advantage of all rebates and incentives. “We want our customers to maximize their return on investment. For Duke Energy customers on the fence about solar, this rebate is a game changer,” explains Forrest Sanderson, Cape Fear Solar Systems’ Solar Energy Adviser. “We really help our customers determine if solar is a good financial investment. Our calculations are precise, and our installation team does top-notch work,” concludes Sanderson. Cape Fear Solar Systems is excited to help customers save even more money with Dukes’ Solar Rebate.

About Duke Energy

Headquartered in Charlotte, NC, Duke Energy is one of the largest electric power holding companies in the United States, supplying and delivering electricity to approximately 7.5 million U.S. customers. They have approximately 53,000 megawatts of electric generating capacity in the Carolinas, the Midwest and Florida – and natural gas distribution services serving more than 1.6 million customers in Ohio, Kentucky, Tennessee and the Carolinas. Their commercial business owns and operates diverse power generation assets in North America, including a portfolio of renewable energy assets. Visit: https://www.duke-energy.com to learn more about Duke Energy.

Cape Fear Solar Systems in not affiliated with Duke Energy. Duke Energy released a formal media release about the solar rebate announcement on January 22, 2018 which can be viewed here: https://news.duke-energy.com/.

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