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: Monthly Net Metering

Max System Size: 29 kW DC

Max Offset: 150%

System Size Justification: Net metering in SC DEP territory is governed by Rider NM-7. Rider NM-7 does not allow residential projects in excess 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: TOU rate required. Exported kWh offset imported kWh in the same TOU period 1-to-1 during the monthly billing period. Any net excess generation per TOU period is credited at ~2.3 cents/kWh. $30 minimum bill

Annual Credit True Up: No annual true- up. Bills are settled monthly, any net excess credit is valued at a lesser avoided cost rate and rolled over to the next month

Available Solar Incentives

State Tax Credit

Federal ITC

R.E.T.E