Duke Energy to Implement New PowerPair Pilot Program to Pair Home Solar Systems with Battery Energy Storage By Investing.com

• Customers could receive up to $9,000 as a one-off incentive to help reduce solar and battery installation costs
• The programs explore new ways to help manage the low-carbon networks of the future

CHARLOTTE, North Carolina, April 4, 2024 /PRNewswire/ — Duke Energy (NYSE: NYSE:) is implementing PowerPair^SMa new incentive-based pilot program for installing home solar generation with battery energy storage Duke Energy Carolina AND Duke Energy Progress service areas in North Carolina. The company has received approval from the North Carolina Public Service Commission (NCUC) for the active program January 11, 2024.

The one-time incentive-based program, designed to help make a home solar plus battery system more affordable for customers, offers up to $9,000 of incentives for residential customers who install a solar plus battery system. The total incentive is based on the type of solar panel and battery installed.

PowerPair was designed in collaboration with numerous stakeholder groups at the direction of the NCUC.

“PowerPair gives Duke Energy an additional tool to provide greater reliability to solar power, which in turn benefits all customers North Carolina it’s growing in population,” he said Lon Huber, Duke Energy Senior Vice President, Pricing and Customer Solutions. “And by participating, customers help support state clean energy goals.”

Some PowerPair customers and existing battery customers are also eligible to participate in the company’s expanded demand response programs. The Power Manager ^® and EnergyWise ^® Home programs will now include the newly approved Battery Control option, available in July. By signing up, customers allow Duke Energy to temporarily change the system’s operating settings from as few as 30 times per year to as many as 36 times per year to deliver stored electricity to the grid. Participants receive a bill credit each month for registering a qualifying battery storage system and meeting program requirements, including Internet connectivity. Customers can opt out of four events per year and still be eligible to receive bill credits.

“As we continue to strengthen our grid and bring clean energy resources online, our customers are important partners in our clean energy future” and can receive upfront and potential ongoing financial incentives to pair solar power and battery storage in their residential systems,” said Huber . “These programs allow Duke Energy to maximize the use of popular consumer technologies to support the overall energy grid.”

Pilot participants will have two enrollment options. They can enroll in the PowerPair pilot on a residential solar choice (RSC) pilot or through a net metering bridge (NMB) pilot and receive a one-time incentive of up to $9,000. NMB customers will be required to enroll in the new Power Manager and EnergyWise Home Battery Control option. They will receive additional monthly bill credits for their participation.

To help ensure incentive equity, participants in the PowerPair pilot will initially be selected through a random selection process (RSP), which will be open May 10th. The RSP window for the PowerPair program will last four weeks, giving customers time to apply on Duke Energy’s website. Customers can sign up for program updates, view the list of approved battery suppliers, and view equipment eligibility information (not all systems will be eligible) at duke-energy.com/PowerPair.

Participating PowerPair customers must employ a Duke Energy Commercial ally, a Duke Energy approved solar and battery installer. Customers can use the company’s Find It Duke plan to identify companies approved and informed about the program. Installers can apply to become Duke Energy Commercial allyHere.

Ranked fourth in the nation for overall solar energy, North Carolina It has approximately 45,000 customers who generate energy with solar panels with a total capacity of approximately 350 megawatts. The expanded demand response offerings will add to the current 100 megawatts of residential flexible winter capacity in North Carolina.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest American energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio AND Kentuckyand collectively possess 54,800 megawatts of energy capacity. Its unit serves 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio AND Kentucky.

Duke Energy is advancing an ambitious transition to clean energy, keeping reliability, affordability and accessibility at the forefront as the company works to achieve net-zero methane emissions from its natural gas operations by 2030 and net carbon emissions from electricity generation by 2050. is investing in major electricity grid upgrades and cleaner generation, including expanding energy storage, renewables, natural gas and advanced nuclear power.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on TwitterLinkedIn, Instagram and Facebook (NASDAQ:), and visit Illumination for stories about the people and innovations powering our energy transition.

Contact: Logan Chicken24 hours a day: 800.559.3853
Twitter: @DE_LoganK