Duke Energy Progress

Duke Energy Progress (DEP)

https://www.duke-energy.com/home

Utility Fixed Fee: ?

Avg Utility Rate (before solar): $0.106/kWh

Solar Buyback: 1:1 Net Metering

Max System Size: 29 kW DC

Max Offset: 100%

System Size Justification: Net metering in NC DEP territory is governed by Rider NM-4B. Rider NM-4B does not allow residential projects to exceed 100% offset up to a total max size of 20 kW AC to receive net metering. We arrive at a maximum allowable kW DC value based off of our AC-DC conversion factor.

Monthly Net Metering Credit: Excess NEM credits can be carried over from month to month

Annual Credit True Up: Excess NEM credits expire each year in June; account is then set back to zero

Available Solar Incentives

Property Tax Exemption

 - 100% of increase due to solar

Federal ITC 

R.E.T.E