Customers of South Carolina-based Santee Cooper will now have the opportunity to purchase or lease rooftop solar panels or to buy into a community solar program.
They will be able to do so as a benefit of an incentive package approved this week by the Santee Cooper Board of Directors.
Focuses of the incentive package include: upfront rebates of 65 cents per watt for residential and commercial customers who purchase panels for their homes or businesses or buy into a Santee Cooper community solar project; an additional energy credit of three cents per kWh of excess electricity residential rooftop solar customers generate and provide to Santee Cooper; and establishment of Santee Cooper’s first community solar project by letting customers subscribe to its Colleton Solar Farm -- South Carolina’s largest solar farm.
“Santee Cooper was the first utility in South Carolina to put solar power on the grid, back in 2006, and our Green Power program has grown significantly through voluntary customer support since its 2001 debut,” Lonnie Carter, Santee Cooper president and CEO, said.
The board's action has authorized Santee Cooper management to finalize terms and conditions for the program, which is expected to be up and running by early 2016.