
Duke Energy's $62M Solar Rebate Program
$1,000/yr
Avg. Annual Savings
5.0 peak hrs/day
Peak Sun Hours
8–11 years
Payback Period
$13,000–$20,000
Avg. System Cost
Overview
Duke Energy of North Carolina has proposed a $62 million solar rebate program designed to help residents with the installation of solar panels on their property. North Carolina has consistently ranked in the top 5 states for total installed solar capacity, driven by strong utility programs and the federal tax credit.
North Carolina homeowners benefit from a combination of Duke Energy rebates, net metering, and property tax exemptions that make solar an increasingly attractive investment.
Benefits
North Carolina homeowners save an average of $1,000/yr after going solar.
Deduct 30% of your total system cost from your federal income taxes.
Solar panels increase your home's resale value — and are excluded from property tax in most states.
Lock in your electricity rate and protect against rising utility costs for 25+ years.
Available Incentives
Duke Energy's proposed $62 million rebate program provides direct rebates to North Carolina residential solar customers, reducing upfront system costs.
Duke Energy and other NC utilities offer net metering, crediting residential solar customers for excess energy sent to the grid.
North Carolina exempts 80% of the appraised value of solar energy equipment from property taxes.
The federal 30% ITC applies to all North Carolina homeowners who purchase their solar system.
Common Questions
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