North Carolina Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/01/2013
Program Overview:
| State: |
North Carolina |
| Incentive Type: |
Utility Rebate Program |
| Eligible Renewable/Other Technologies: |
Photovoltaics |
| Applicable Sectors: |
Residential |
| Amount: | $500 per kilowatt AC, plus a monthly bill credit of $4.50 per kW |
| Eligible System Size: | 2 kW AC minimum
10 kW AC maximum |
| Equipment Requirements: | Systems must be interconnected and net metering. |
| Installation Requirements: | Systems must be roof-mounted and installed by a licensed contractor. |
| Ownership of Renewable Energy Credits: | Progress gets RECs for first 5 years. Customer may renew contract for additional 1-year terms. |
| Program Budget: | 1 MW AC per year |
| Web Site: |
https://www.progress-energy.com/carolinas/home/save-energy-money/...
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Summary:
Note: This program is budgeted to support a total of 1 MW of residential systems per year. As of April 1, 2013, there is 370 kW of remaining capacity available for 2013. See the web site above for the current status.
Progress Energy is offering incentives for their residential customers to install photovoltaics (PV) systems on their homes through their SunSense Program. The incentive is multifaceted. Customers will receive an upfront payment of $500 for every kilowatt-AC (kW-AC) they install on their home, and they will receive monthly credits on their bill of $4.50 per kW-AC. For instance, if a customer installs a 10 kW-AC system, the largest system eligible to participate in the program, the customer will receive a check for $5,000 plus a bill credit of $45 on their monthly bills.
To participate in the program, the customer must surrender all their Renewable Energy Credits (RECs*) to Progress Energy for a period of five years and they will receive the $4.50 per kW bill credits throughout those five years. After those first five years, there may be an opportunity for the customer to renew their REC contract with Progress Energy under the terms of the agreement that exists at that time.
Systems must be connected to the grid and be net metered to participate. As a condition of the net metering agreement, the residence must be billed on a time of use tariff, where their electricity rate is a factor of the time of day and year.
*Progress Energy is purchasing RECs to comply with North Carolina's renewable energy and energy efficiency portfolio standard. Since Progress Energy is purchasing the RECs, customers cannot sell their RECs to NC GreenPower or any other REC purchaser for the duration of their contract with Progress Energy. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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