Duke Energy's Solar Program Offers Benefits Without Panels

Duke Energy Unveils Innovative Solar Program for Customers

Duke Energy is excited to introduce its Clean Energy Connection program, aimed at providing customers with the benefits of solar energy without the burden of installing and maintaining solar panels on their properties. This innovative program allows customers to subscribe to utility-owned solar energy facilities, ensuring that households and businesses can partake in clean energy initiatives effortlessly.

Program Overview and Benefits

The Clean Energy Connection (CEC) program has been meticulously designed to enhance customer access to solar energy. Through this program, subscribers can earn monthly bill credits based on the solar energy generated, all while paying a manageable monthly subscription fee. This structure not only aids in reducing individual electric bills but also promotes a greater commitment to sustainable energy practices.

Subscription Details

Under the CEC program, customers have the opportunity to subscribe in 1-kilowatt increments. This careful planning means that energy consumption can be easily matched with subscription levels, ensuring each subscriber receives full value from their participation. The credits earned from solar energy generation will reflect in customers' monthly bills, providing financial relief alongside environmental benefits.

Retaining Accessibility for All

The CEC program is tailored for all Duke Energy customers, accommodating large commercial entities and small to medium-sized businesses, as well as residential customers. This inclusive design ensures that everyone can experience the benefits of renewable energy at no additional cost to non-participating clients.

Support for Low-Income Families

A particularly noteworthy aspect of the program is its inclusiveness towards income-qualified participants. Customers whose household income is at or below 200% of the Federal Poverty Guidelines can enroll in the subscription model. They will benefit from a fixed bill credit that is guaranteed to exceed their subscription fee, effectively locking in a net gain for these families.

Future Execution of the Program

Pending approval, the Clean Energy Connection program plans to go live in 2027, with energy facilities set to come online by that time. For those who may not have a long billing history yet, the program offers a standard entry option, allowing new subscribers to participate at a base level while they build credit histories.

How it Aligns with Duke Energy’s Goals

Duke Energy is not only concerned with developing innovative programs, but it is also committed to environmental sustainability. The Clean Energy Connection program aligns with the company’s broader goals of achieving net-zero carbon emissions by 2050 and net-zero methane emissions from natural gas operations by 2030. This emphasis on renewables reflects Duke Energy’s dedication to ensuring a sustainable future.

Customer Engagement and Growth

Duke Energy encourages all interested customers in the Carolinas to familiarize themselves with the Clean Energy Connection program details. Through a proactive approach, Duke Energy is actively engaging with its customer base and stakeholders to ensure the relevance of its new offerings.

About Duke Energy

Duke Energy (NYSE: DUK) proudly stands as one of America's leading energy providers. Its extensive electric utilities serve millions across various states, ensuring a reliable power supply while advancing clean energy initiatives. The company remains committed to investing in upgrades to its electric grid and expanding renewable energy capacities.

Duke Energy invites customers to follow its progress through updates on social media platforms and its corporate website, fostering an engaged community invested in sustainability.

Frequently Asked Questions

What is the Clean Energy Connection program?

The CEC program enables customers to subscribe to solar energy generation without the costs associated with installing solar panels.

How do customers benefit from the CEC program?

Subscribers earn monthly bill credits based on their share of the solar energy generated by Duke Energy's facilities.

Who can participate in the CEC program?

It is open to large and small commercial customers, residential clients, and income-qualified individuals.

Is there a cost for low-income customers to join?

Low-income customers can participate with a subscription fee that ensures they receive a net benefit through bill credits.

When will the program become available?

If approved, the program is set to launch in 2027 when the new solar facilities come online.

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