In less than a year, Duke Energy’s South Carolina solar rebate program has already issued nearly $5 million in rebates to customers. Already more than 750 residential and more than 35 businesses have applied for solar rebates in the state showing the interest of solar power in the state.
As of Sept. 15 the utility said it had approved 6 megawatts of residential rebates and 17.3 megawatts of business rebates. ”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.”
Under the rebate program, the rebate provides $1 per watt-dc for up to 20 kilowatts-AC on a homeowner’s property while business can qualify for rebates on systems up to 1 megawatt-AC on their property. “This means a residential customer who installs a typical 5-kilowatt system could earn rebates of about $5,000 under the program. Likewise, a non-residential customer who installs 50 kilowatts could earn a rebate of $50,000,” Duke Energy said in announcing the program last year. In addition, customers can also participate in the Duke’s net-metering program. Such programs are quickly making the Carolinas a hotspot for renewable energy.
"The Duke Energy Solar Rebate Program has been great for customers in South Carolina," said 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."
Duke Energy announced the rebates Oct. 13, 2015, as part of its Distributed Energy Resource (DER) program, which was made possible through South Carolina Act 236, an omnibus solar bill passed by the South Carolina General Assembly in 2014. Under its DER Duke wants to grow its renewable energy footprint in the state from less than 2 megawatts to between 110 megawatts and potentially 170 megawatts by 2021.
Already the utility and energy company is boosting renewable energy presence in the state. It already has more than 30 megawatts-AC of solar power slated to come online putting it more than halfway to the 53-megawatt goal in the act and well on its way to achieving its bigger goal.Tweet