Duke Energy’s Shared Solar Program provides new choice for solar

Duke Energy Progress is launching a new affordable program that will allow customers to share in the economic benefits from the output of a solar facility. 

Customers who subscribe to solar energy through the Shared Solar Program will receive a monthly bill credit for the value of the energy produced by their subscription. 

Kodwo Ghartey-Tagoe, state president for Duke Energy in South Carolina says, “We estimate that residential customers will earn back their initial payment in credits from the solar array in three years.”

How it works: 

In addition to the customers regular monthly bill, participants in the program will pay a monthly subscription fee of $6.25 a kilowatt in addition to initial fees to join the program.  

The monthly fee funds the customer’s share of supporting the operation of the solar facility. The benefit to the customer, aside from supporting a renewable energy future in South Carolina, will be a monthly credit from Duke Energy Progress equal to the amount of solar energy the customer’s share produced. 

For qualified low-income customers, Duke Energy Progress will waive the application cost and initial fees, a $120 value. 

The Shared Solar Program is available to all qualified Duke Energy Progress customers including those who are residential and nonresidential, those that are tax-exempt, those who live in multifamily housing or rent homes, and those who may not otherwise have access to solar energy. 

Space in the program is limited and and will be provided on a first-come, first-serve basis. To participate, customers must have an active account with Duke Energy Progress. 

Fore more information visit their website here. 

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