Solar

Duke Energy Launches 20-MW Solar Plan

Duke Energy Carolinas has proposed a US $100 million plan to install electricity generating solar panels at up to 850 North Carolina sites including homes, schools, stores and factories. The company filed an application with the North Carolina Utilities Commission asking for approval to implement this solar distributed generation program.

If the program is approved by regulators, Duke Energy Carolinas would spend two years installing approximately 20 megawatts (MW) of distributed solar generation within the company’s North Carolina service area. The company plans to recover its US $100 million investment through North Carolina’s new REPS cost recovery mechanism. The company estimates that, over its life, the program will increase the average customer’s bill by no more than 25 cents a month.

“We believe an initiative of this scope and scale will help us meet the requirement of North Carolina’s new Renewable and Energy Efficiency Portfolio Standard (REPS),” said Keith Trent, Chief Strategy, Policy and Regulatory Officer for Duke Energy Carolinas. “This program also will enable us to evaluate the role of distributed generation on our system, and gain experience in owning and operating renewable energy resources.”