Duke Energy launches Shared Solar Program option for residents in South Carolina

Duke Energy shared solar south carolina

Duke Energy Progress is launching an affordable Shared Solar Program option for customers in South Carolina. Available to all qualified Duke Energy Progress residential and nonresidential customers, including those who live in multifamily housing or rent homes, the goal is to enable them to share in the economic benefits from the output of a single 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.

“This is a great program for any customers who don’t own their residence or are unable to put a solar facility on their property,” said Kodwo Ghartey-Tagoe, state president for Duke Energy in South Carolina. “We estimate that residential customers will earn back their initial payment in credits from the solar array in three years. Customers are not only saving on their electric bill, they are directly supporting a renewable energy future in South Carolina for generations to come.”

The program will be powered by the Whitney M. Slater Shared Solar Facility developed by Pine Gate Renewables and located in Dillon County near Lake View, S.C. Duke Energy Progress serves electric customers in the northeastern part of the state, including Florence, Darlington and Sumter counties.

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How does shared solar work?

Participants in the program will pay a monthly subscription fee of $6.25 a kilowatt in addition to initial fees to join the program. These program costs are in addition to the customer’s regular energy bill.

The monthly fee funds the customer’s share of supporting the operation of a solar facility located in the Pee Dee region. By subscribing to the Shared Solar Program, the customer will receive a monthly credit from Duke Energy Progress equal to the amount of solar energy the customer’s share produced.

Participating in this program will not impact customer usage or the way they pay their bill.

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

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  1. North Carolina is leading the East Coast with solar adoption according to our maps. http://solarenergymaps.com/North-Carolina.html