Duke Energy’s PowerPair Rebate Program has been APPROVED!
Duke Energy customers in North Carolina who install a new solar + battery system are eligible for the 2024 PowerPair Solar Plus Battery Rebate! This rebate can land you up to $9,000 in savings! LIMITED SPACE is available! Keep reading for details, and contact NC Solar Now for more info about PowerPair and what you can do to prepare for the rebate application period!
What is Duke Energy’s PowerPair Rebate Program?
In 2018, Duke Energy offered a very competitive, one-time solar savings program in North Carolina which offered $62 million in rebates. The program ended in January 2023 leaving customers wondering when a new opportunity would be available. We have some very exciting news! As of January 11th, 2024, Duke Energy’s PowerPair Solar Plus Battery Rebate has been approved by the North Carolina Utilities Commission (NCUC), and applications open IN MAY!
The PowerPair Rebate Program encourages homeowners to install solar panels + battery storage for reduced carbon emissions, analyzing the operational impacts of these systems on the electric grid, and assessing the cost-effectiveness of solar plus storage. PowerPair aims to make new energy efficiency measures even more affordable.
JANUARY PowerPair is approved by NCUC
FEBRUARY Duke Energy deadline to file tariffs outlining the application process
MARCH Deadline for NCUC to provide comments
MAY PowerPair application goes live!
How Does the PowerPair Rebate Program Work?
With Duke’s Solar Rebate, North Carolina homeowners who install a new solar + battery system are eligible for up to $9,000 in savings. Combined with a 30% Solar Tax Credit, customers could see up to 47% off the total cost of their solar + battery systems!
- Rebate Amount: Homeowners can receive up to $3,600 for solar and $5,400 for batteries when installed together, totaling up to $9,000.
- Rebate Capacity: This rebate has a capacity for around 6,000 homes. From our experience with past NC rebate savings programs, we expect these spots to fill very quickly.
How to Apply: Applications open in May 2024. In order to apply for the rebate, your system needs to be designed and your interconnection request must be completed and sent to Duke Energy. This process can take several weeks, we recommend starting early so you are ready to apply when the application becomes available.
PowerPair Savings Summary:
|Average System Price
|PowerPair Solar + Storage
|PowerPair + 30% Tax Credit
Am I Eligible for PowerPair?
PowerPair is available to all Duke Energy customers in North Carolina, Duke Energy Carolina, and Duke Energy Progress, applicants must own the residences. Homes can be either gas or electric, but the application must be for a new solar system + battery storage install, no system additions. Specific requirements for Solar Power and Battery Storage:
$0.36 per watt with a maximum solar capacity of 10kW
Maximum rebate value of $3,600
$400 per kWh of battery capacity, up to 13.5 kW
Maximum rebate value of $5,400
*Additional Battery Capacity and Solar Capacity is permitted but will not qualify toward the rebate
What’s Next? How Can I Apply?
The PowerPair rebate was approved on January 11th, Duke Energy’s next step is to finalize the details with NCUC and will begin accepting applications in MAY 2024. Currently the program is set to use a FIRST COME, FIRST SERVE system, and these spots will fill quickly! Contact NC Solar Now so we can set you up for energy independence, huge reductions in your electric bill, and a healthier community at the lowest prices we’ve ever seen!
* Duke Rebate is facilitated by Duke Energy. The rebate is not guaranteed and is subject to terms and conditions.