Almost one year after its launch, Duke Energy’s Solar Rebate Program has paid almost $5 million in rebates to South Carolina customers who have invested in solar power at their residences or businesses. According to the utility, the rebates help with the upfront cost of installing solar panels for customers – making the technology more accessible to the company’s 730,000 customers in the state.
“The response to the rebate program has been fantastic,” said Clark Gillespy, Duke Energy’s South Carolina state president. “This shows our customers want options to help them participate in a sustainable solar energy marketplace.”
Duke Energy says Act 236, an omnibus solar bill passed by the South Carolina General Assembly in 2014, opened the door for the utility to offer a variety of solar programs to customers. With more than 30 MW AC of solar power scheduled to come online already, the company is more than halfway to the 53 MW AC goal cited by the act.
“The Duke Energy Solar Rebate Program has been great for customers in South Carolina,” commented Bruce Wood, owner of Sunstore Solar in Greer, S.C. “Where Act 236 helped make renewable energy more accessible, the Solar Rebate Program has helped make solar more affordable.”
According to Duke Energy, more than 750 residential customers and more than 35 business customers have applied for solar rebates. The rebate provides $1.00/W DC for qualified residential customers who install systems up to 20 kW AC on their properties and for business customers who install systems up to 1 MW AC on their properties, the utility adds.
Once the program is fully subscribed, Duke Energy notes, customers can continue to install solar power using tax credits through the state and federal government. Customers may also choose to use solar power on site through net metering.