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Duke Energy Reaches Deal on Residential Solar

Duke Energy has filed an agreement with the North Carolina Utilities Commission (NCUC) that will align solar adopter compensation to utility system benefits and create long-term stability for the residential solar industry in North Carolina.

The filing:

  • Allows for new net metering tariffs to go into effect for customers submitting applications on or after Jan. 1, 2023.

  • Will create innovative pricing and incentives for residential solar customers.

  • Features rate design mechanisms to properly collect costs of the grid infrastructure needed to serve solar customers.

  • Will include cutting-edge retail rates that vary based on the time of day and when the utility is experiencing peak demand.

The new metering agreement would establish a new incentive for customers who install rooftop solar in 2023 and later. That incentive totals $390 per kilowatt in return for installing a smart thermostat that Duke can use to control the temperature in your home at times when it expects to see high demand for energy.

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