Duke Energy Florida connects customers to cleaner energy options with completion of first community solar site in Hardee County

Rhea-AI Summary

Duke Energy has completed its first community solar site, the Fort Green Renewable Energy Center, in Hardee County, Florida. This site is the initial step in a larger project consisting of 10 solar installations totaling 750 MW. The Clean Energy Connection program allows customers to subscribe to solar power, offering monthly bill credits based on production. The program features a fixed fee of $8.35 per kW, with income-qualified customers benefiting from a higher credit of $9.03. This initiative aims to enhance solar energy accessibility and supports Duke Energy's commitment to cleaner energy.

Positive

• Completion of the Fort Green Renewable Energy Center, the first of 10 solar sites.
• Total capacity of upcoming solar sites is 750 MW.
• Income-qualified customers can save approximately $42/year through bill credits.

Negative

• None.

• Facility is first of 10 solar sites that are part of company's new community solar program.
• Enrolled income-qualified customers will see guaranteed savings on their program costs every month.

ST. PETERSBURG, Fla., June 10, 2022 /PRNewswire/ -- Duke Energy today announced the completion of its first community solar site in Hardee County, Fla., in its drive to make more solar power available for all customers in Florida.

The Fort Green Renewable Energy Center is the first of 10 solar sites, totaling 750 megawatts (MW), that are part of the company's new community solar program, Clean Energy Connection.

Through the program, Duke Energy Florida customers can subscribe to solar power and earn credits toward their electricity bills without having to install or maintain their own equipment.

"Bringing cleaner resources onto the grid is important to our customers and our company," said Duke Energy Florida State President Melissa Seixas. "By subscribing to the Clean Energy Connection program and supporting solar sites like this one, our customers are joining a community that is helping drive Florida to a cleaner energy future."

The 74.9-MW facility was built on approximately 500 acres of repurposed mining land in Hardee County, Fla. The project consists of nearly 265,000 solar panels, utilizing a fixed-tilt racking system that will produce enough carbon-free energy to effectively power more than 23,000 average-sized homes at peak production.

The second Clean Energy Connection site, Bay Trail Renewable Energy Center in Citrus County, is expected to begin supporting Clean Energy Connection subscriptions later this summer.

Launched in April 2022, the Clean Energy Connection program allows customers to subscribe to kilowatt (kW) blocks of solar power from the company's Clean Energy Connection solar portfolio. The monthly subscription fee will help pay for the cost of construction and operation of the solar power plants and is conveniently added to a customer's regular electric bill.

The monthly subscription fee is fixed at $8.35 per kW. A customer with average usage of 1,000 kWh/month could subscribe to approximately 5 kW to cover their full usage. Subscribers receive bill credits based on their subscription size and the amount of solar energy that is produced by the Clean Energy Connection solar facilities each month.

The bill credit rate for the first 36 months of the program participation will be 4 cents per kWh (kilowatt-hour), and then starting with the 37th month of continuous enrollment, the bill credit rate increases by 1.5% every year. This bill credit amount varies each month with the actual solar energy produced, where it may be greater during the months with more direct sunlight.

The program sets aside 26 MW for income-qualified customers who participate in government subsidy programs or Duke Energy's low-income energy efficiency program, Neighborhood Energy Saver.

For income-qualified customers, the fixed monthly $9.03 credit per kW subscribed will always be higher than the fixed monthly $8.35 subscription fee per kW subscribed.

Since the bill credits are greater than the subscription fee, income-qualified customers will continue to save each month for as long as they subscribe to the program.

The average subscription amount for income-qualified customers (5 kW) results in approximately $42/year in bill savings.

Subscriptions are associated with all solar plants in the program. Customers do not need to live near a facility to enroll, as the program brings new solar generation to the larger grid, which lowers the emissions profile of Duke Energy's electric service in all communities.

Customers who are interested in the program can learn more through the Clean Energy Connection website.

Video of Fort Green Renewable Energy Center, from drone.

Video of Bay Trail Renewable Energy Center, from done.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 10,300 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Audrey Stasko
Cell: 315.877.3031
Media line: 800.559.3853

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SOURCE Duke Energy

FAQ

What is Duke Energy's new community solar program?

Duke Energy's new community solar program, Clean Energy Connection, allows customers to subscribe to solar power and receive monthly credits on their electricity bills.

Where is the first solar site located?

The first solar site, Fort Green Renewable Energy Center, is located in Hardee County, Florida.

What capacity does the Fort Green Renewable Energy Center have?

The Fort Green Renewable Energy Center has a capacity of 74.9 MW.

How does the billing for the Clean Energy Connection program work?

Customers pay a fixed fee of $8.35 per kW subscribed, receiving bill credits based on solar energy production.

What benefits do income-qualified customers receive in this program?

Income-qualified customers receive a higher fixed credit of $9.03 per kW subscribed, ensuring monthly savings.