The Ultimate Guide to Duke Energy’s PowerPair Solar and Battery Rebate (2024)

Overview of North Carolina’s Photo voltaic Financial savings Program

Beforehand, from 2018 to 2023, Duke Power provided a one-time photo voltaic rebate program in North Carolina, as a part of Home Invoice 589. This program, which provided $62 million in rebates, resulted in January 2023.

Now, there’s a brand new alternative: the 2024 PowerPair Rebate. The North Carolina Utilities Fee (NCUC) required Duke Power to create this program. It goal to check how solar energy and battery storage can assist in stabilizing North Carolina’s electrical grid and reduce the necessity for added energy crops. Accepted on January 11, 2024, the PowerPair rebate encourages North Carolina residents to put in photo voltaic and battery techniques.

 

Key Dates for the 2024 PowerPair Program

• January: NCUC approves PowerPair.
• February: Duke Power units the appliance course.
• March: NCUC provides suggestions.
• Might: Purposes for PowerPair start.

How Does the PowerPair Rebate Work?

Clients who set up new photo voltaic and battery techniques can save as much as $9,000. This, mixed with a 30% Photo voltaic Tax Credit score, means householders can save as much as 56% on these techniques. Key particulars embrace:

• Rebate Quantity: As much as $3,600 for photo voltaic and $5,400 for batteries, totaling $9,000.
• Restricted Availability: Solely about 6,000 properties can take part, and spots are anticipated to replenish quickly.
• Software Course of: Purposes open in Might 2024. Preparations ought to begin early because the design and approval course takes time.

	Incentive	Max System Measurement	Incentive Worth	Common System Worth	Your Financial savings
PV Photo voltaic	$0.36 per watt	10kW	$3,600	$23,000	16% off
Battery	$400 per kWh	13.5 kWh	$5,400	$11,000	49% off
PowerPair Whole			$9,000	$25,000	36% off
PowerPair + 30% Federal Tax Credit score			$19,200	$14,800	56% off

Length of the Rebate

The rebate will proceed till its restriction is reached. It helps as much as 60,000 kW of photo voltaic capability, roughly equal to six,000 properties, assuming every makes use of the utmost 10kW system measurement.

Eligibility for PowerPair Photo voltaic and Battery Rebate

Any Duke Power buyer in North Carolina putting in a brand new photo voltaic and battery system is eligible. The system will be in a house utilizing fuel or electrical energy. Specifics embrace:

 

Battery Storage

• Most of 13.5 kWh battery capability.
• $400 rebate per kWh of put-in capability, as much as $5,400.

Photo voltaic Energy

• Most of 10kW photo voltaic capability.
• 36 cents rebate per watt put in, as much as $3,600.

The Software Course for PowerPair Rebate

Accepted on January 11, 2024, the detailed utility course shall be launched in Might after the NCUC overview. It is going to be first come, first-served.