The Ultimate Guide to Duke Energy’s PowerPair Solar and Battery Rebate (2024)
Welcome Welcome Welcome to Duke Energy’s PowerPair Solar and Battery Rebate, the latest program combining solar power and battery storage. PowerPair offers homeowners a way to use solar power and battery storage for more secure and cost-effective home energy.
Overview of North Carolina’s Solar Savings Program
Previously, from 2018 to 2023, Duke Energy offered a one-time solar rebate program in North Carolina, as part of House Bill 589. This program, which offered $62 million in rebates, ended in January 2023.
Now, there’s a new opportunity: the 2024 PowerPair Rebate. The North Carolina Utilities Commission (NCUC) required Duke Energy to create this program. It aims to test how solar power and battery storage can help stabilize North Carolina’s electric grid and lessen the need for additional power plants. Approved on January 11, 2024, the PowerPair rebate encourages North Carolina residents to install solar and battery systems.
Key Dates for the 2024 PowerPair Program
- January: NCUC approves PowerPair.
- February: Duke Energy sets the application process.
- March: NCUC gives feedback.
- May: Applications for PowerPair begin.
How Does the PowerPair Rebate Work?
Customers who install new solar and battery systems can save up to $9,000. This, combined with a 30% Solar Tax Credit, means homeowners can save up to 56% on these systems. Key details include:
- Rebate Amount: Up to $3,600 for solar and $5,400 for batteries, totaling $9,000.
- Limited Availability: Only about 6,000 homes can participate, and spots are expected to fill up fast.
- Application Process: Applications open in May 2024. Preparations should start early, as the design and approval process takes time.
| Incentive | Max System Size | Incentive Value | Average System Price | Your Savings | |
| PV Solar | $0.36 per watt | 10kW | $3,600 | $23,000 | 16% off |
| Battery | $400 per kWh | 13.5 kWh | $5,400 | $11,000 | 49% off |
| PowerPair Total | $9,000 | $25,000 | 36% off | ||
| PowerPair + 30% Federal Tax Credit | $19,200 | $14,800 | 56% off |
Duration of the Rebate
The rebate will continue until its limit is reached. It supports up to 60,000 kW of solar capacity, roughly equivalent to 6,000 homes, assuming each uses the maximum 10kW system size.
Eligibility for PowerPair Solar and Battery Rebate
Any Duke Energy customer in North Carolina installing a new solar and battery system is eligible. The system can be in a home using gas or electricity. Specifics include:
Battery Storage
- Maximum of 13.5 kWh battery capacity.
- $400 rebate per kWh of installed capacity, up to $5,400.
Solar Power
- Maximum of 10kW solar capacity.
- 36 cents rebate per watt installed, up to $3,600.
The Application Process for PowerPair Rebate
Approved on January 11, 2024, the detailed application process will be released in May after NCUC review. It will be first-come, first-served.
What’s Next?
For those interested in securing their home energy with solar and battery systems at great prices, it’s advisable to consult with a solar expert at 8MSolar soon. They can help you understand the process and prepare for the May application opening.
