Learn more about Rebates, Tax Credits, and Incentives
Duke Energy Rebate Program
What sort of savings does the Duke Energy Rebate Program provide? See examples below, showing what this rebate can save you for various types of systems:
Residential customers: $6,000 rebate maximum. (60 cents per watt of solar energy installed) Capacity limits for residential customers is 10 kW.
Nonresidential customers: $50,000 rebate maximum. (50 cents per watt of solar energy installed) Capacity limits for non-residential customers are is 100 kW.
Nonprofit customers: $75,000 rebate maximum. (75 cents per watt of solar energy installed) Capacity limits for nonprofit customers is 100 kW.
Federal Tax Credit
Homeowners in North Carolina who install a solar system on their home are eligible for federal tax credits on their investment from the Federal government. This is part of the Energy Economic Stabilization Act of 2008. The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. The program goes down to 26 percent after 2019. Now is the time to reap the benefits of the full tax credit!