by Renu Energy | Jan 19, 2024 | Renu Solar News
There is GREAT NEWS from the folks at Duke Energy – North Carolina!!
The 2024 Duke Energy PowerPair Incentive was established in response to a requirement from the North Carolina Utilities Commission (NCUC). This program was designed to test how distributed solar and battery storage helps stabilize North Carolina’s power grid while reducing the need for peak power plant capacity. The program was approved January 11, 2024, but all of North Carolina is still waiting to receive several details, including the enrollment window and more. The PowerPair Incentive offers North Carolina customers a powerful incentive to adopt solar + battery storage with cash incentives up to $9000. Renu Energy Solutions is excited to provide the following details:
This unprecedented program is available to residential customers who install new solar panels and a battery storage system. The customer must own the premises and could own or lease the installed equipment.
2024 Duke Energy PowerPair Incentive Timeline
January: The Duke Energy NC PowerPair Incentive Program is approved by the NCUC.
February: Duke Energy deadline to file tariffs outlining the application process.
March: Deadline for NCUC to provide comments.
May: PowerPair application process expects to go live!
Participants would receive monetary incentives from Duke to offset the cost of installed equipment*:
- Solar Incentive: $0.36/watt for solar panels to a maximum of 10 kW; capped at $3,600/residence
- Battery Incentive: $400/kWh for battery storage to a maximum of 13.5 kWh = up to $5400
*System’s export to the grid could not exceed 20 kW at any time.
What Else You Need to Know About this Incentive
Participants would be required to select net energy metering (NEM) as their electric tariff and be divided into two cohorts:
- Cohort A: served under the time-of-use (TOU) rates and would have complete control of the use of the energy storage device.
- Cohort B: served under the Bridge Rate and Duke Energy, or a third party, would have control over the battery storage device.
They are also required to participate in a new demand response program called Battery Control*.
*Under Battery Control, the customers’ battery could be controlled by Duke up to 18 times per winter season (Dec-Mar). Additionally up to 9 times per summer (May-Sep) and up to 9 times in the remaining months. A minimum of 30/year, maximum 36/year (referred to as Control Events**).
**A Control Event is defined as the initiation of a signal to control the battery and, within 48 hours later, a discharging of the battery by Duke. Duke will not discharge the battery below a 20% state of charge, but would reserve the right to call interruptions outside of the above parameters in the event that the utility’s continuity of service was in jeopardy.
In Conclusion – from Renu Energy Solutions
This is a fantastic opportunity for North Carolina homeowners who have Duke Energy (DEP and DEC) to save up to $9000 on their solar + battery storage system. Furthermore, there is the potential to receive additional monthly discounts. But please note: at the time of this press release, THE PROGRAM HAS NOT BEEN RELEASED!! Renu Energy Solutions prides itself in educating and advising our clients when we are certain the information is accurate and truthful. If you have been told by other solar companies that they can hold your spot, or that you qualify for the rebates right now, it’s simply NOT TRUE. We encourage you to CLICK HERE and visit the Duke Energy Rebate portal. If it’s not listed, it’s not live!
To learn more about this program and other exciting solar and battery storage options, including how Renu Energy Solutions can pay your energy bill, please fill out the form on this page or CONTACT US for your free consultation!
by Renu Energy | Mar 27, 2023 | Renu Solar News
Renu Energy Solutions’ Commercial Division is set to install the first commercial PV solar system for a government building in Winston-Salem, NC. The Bryce A. Stuart Municipal Building in downtown Winston-Salem measures at 107,000 square feet with five stories. Last November, the city council approved Renu’s contract at $189,000 for the 70-kilowatt system. The commercial division looks forward to installing this system, as the division is familiar with installing large projects in the area.
The city expects to save $7,000 annually by powering the Bryce A. Stuart Municipal Building with solar energy. With a system lifespan of 25 years, the power savings should pay for the system’s total cost in 19 years. The 2022 Federal Inflation Reduction Act should provide the city with funds to cover 30% of the installation, which makes the total system cost $132,520.
Last December, Renu installed a $589,000 352-kilowatt system on top of the Truliant Federal Credit Union operations center at Hanes Mall. The operations center was formerly the Macy’s building which now has the largest rooftop solar system in the county.
Projects like these aim to help the city of Winston-Salem reach their goal of using 50% renewable energy by 2030.
by Renu Energy | Mar 13, 2023 | Renu Solar News
Before 8am on Sunday morning, nearly 4,000 Duke Energy customers lost power around Nations Ford Road and Arrowood Road. Duke Energy officials state there were two separate outages affecting customers in these areas, and the cause for the outage is unknown. Customers stayed without power for a little over four hours until power was restored around noon.
Most energy customers expect to lose power from extreme weather events like hurricanes, thunderstorms, or even arctic blasts. Sometimes, utility companies experience outages for unknown reasons, which makes energy security more important to have. Unpredictable outages can be prevented with energy storage. For more information on investing in energy storage click here!
by Renu Energy | Mar 8, 2023 | Renu Solar News, Solar-Installer
Today, on International Women’s Day, we celebrate the remarkable women who are making their mark in the solar industry.
In recent years, the solar industry has seen tremendous growth, with solar panels now providing electricity to millions of homes and businesses around the world. Women are playing an increasingly important role in this growth, as scientists, engineers, technicians, and entrepreneurs.
As women in the solar industry, you are not just driving innovation and pushing the boundaries of technology – you are also paving the way for a more inclusive and equitable future. Your work is helping to create a world in which clean energy is accessible to all, regardless of gender, race, or socioeconomic status.
On this International Women’s Day, we honor and celebrate the women in the solar industry who are making a difference. We thank you for your hard work, dedication, and contributions to a better, cleaner, and more sustainable future. You are an inspiration to us all, and we are proud to stand with you in the fight for equality and progress.
Keep shining your light, and know that you are making a difference in the world.
by Renu Energy | Mar 6, 2023 | Renu Solar News
Renu Energy Solutions, a locally owned and operated solar installer based in North Carolina and South Carolina, has partnered with Tesla to bring Tesla Solar Roof tiles to the Carolinas.
As the first certified Tesla Solar Roof installer in North Carolina, the Renu Energy Solutions team is now offering residential customers its innovative tiles made with tempered glass three times stronger than standard roofing tiles and engineered for all-weather durability.
Renu is also among only a handful of certified Tesla Solar Roof installers in South Carolina.
To continue reading Solar Industry’s article written by Ariana Fine, click the here!
by Renu Energy | Feb 13, 2023 | Renu Solar News
The COVID-19 pandemic caused economic uncertainty as lockdowns took effect and many American industries were put on hold. Some states designated solar contractors as essential workers who could continue operations through the early pandemic lockdowns with proper safety precautions in place.
New York was one state where solar installation ceased altogether. With no work flowing in, Long Island-based contractor SUNation Energy furloughed 80% of its staff, which left founder and CEO Scott Maskin searching for ways to keep his business afloat.
Seeking solace from someone in a similar position, Maskin called Mike Teresso, president of Baker Electric Home Energy of San Diego. After that, Maskin called Jay Radcliffe, president of Renu Energy Solutions in Charlotte, North Carolina. Then, the three company heads scheduled a conference call with Josh Powell, CEO of RevoluSun in Honolulu, and Andy Clemans, CEO of Streamline Solar in Phoenix.
That was the start of a collaboration between five solar contractors that has lasted longer than pandemic restrictions. Then “The Wolf Pack” was born.
To continue reading Solar Power World’s article written by Billy Ludt, click the link here!
