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!