Charlotte, North Carolina-based Duke Energy has launched a solar rebate program.
The initiative was designed to assist customers in South Carolina with costs associated with installing solar energy equipment on their properties. It is part of Duke's Distributed Energy Resource (DER) program and was approved by the Public Service Commission of South Carolina on July 15.
Rebates can be significant. For example, a residential customer who installs a typical five-kilowatt system could earn rebates of about $5,000 annually, and a non-residential customer who installs 50 kilowatts could earn a rebate of $50,000.
Systems that were installed as of Jan. 1, 2015, are eligible.
“For many of our residential and small business customers, installing solar on their property is a significant investment," said Clark Gillespy, Duke Energy president, South Carolina.
Customers can apply for the rebate through the company’s website at www.duke-energy.com. More information about Duke Energy's overall solar program is also found on the website.