Duke Energy has announced plans to add 110 MW of solar energy for the Public Service Commission of South Carolina (PSCSC) by 2021.
The commission may approve the programs before offering them to the customers of Duke Energy Carolinas and Duke Energy Progress in the Palmetto State.
Currently, roughly 2 megawatts of solar capacity is connected to Duke Energy in South Carolina.
PSCSC will offer rebates to customers with an aim to encourage rooftop solar or small-scale solar on their property. A rooftop installation will earn rebates of about $5,000 under the program.
These rebates will help customers to make initial investment for solar installations.In addition, through this program, they can also avail retail net metering for the next 10 years.
Moreover, the program offers community solar option to nonprofit organizations, churches, community centers, renters and schools.
This will allow multiple customers to subscribe to a specific solar facility and share in the economic benefits of the power produced.
Besides, through utility-scale solar program, Duke Energy will issue a request for proposals for more than 50 megawatts of large-scale solar in the state.
In another development, Duke Energy announced the acquisition of a majority interest in REC Solar. The terms of the deal were not disclosed.
In addition, over several years, Duke Energy will invest up to $225 million in commercial solar projects developed by REC Solar and supported by long-term power purchase agreements.
In partnership with Duke Energy Renewables, REC Solar offers simplified customer financing, including leases and power purchase agreements, to provide customers with immediate savings.
Duke Energy operates wind and solar facilities in 12 states. Over the past eight years, the company has invested more than $4 billion in utility-scale renewables projects.
Sabeena Wahid
editor@greentechlead.com