Duke Energy PowerPair Pilot Program Enrollment Surpasses 1,300 Customers in North Carolina
Duke Energy's PowerPair pilot program in North Carolina has enrolled over 1,300 customers since its launch in May 2024. The program offers up to $9,000 in incentives for residential customers installing new solar plus battery systems. Approved by the North Carolina Utilities Commission, PowerPair aims to make home solar and battery storage more affordable. Customers can choose between two enrollment options: a residential solar choice rider (RSC) or a net metering bridge rider (NMB). The latter option provides additional monthly bill credits for allowing Duke Energy to periodically adjust battery settings. With remaining capacity, Duke Energy is now exploring ways to enhance the pilot for customers who may not be able to purchase systems upfront, potentially focusing on income-qualified customers or those dependent on medical devices.
Il programma pilota PowerPair di Duke Energy in North Carolina ha registrato oltre 1.300 clienti dalla sua lancio nel maggio 2024. Il programma offre fino a 9.000 dollari in incentivi per i clienti residenziali che installano nuovi sistemi solari con batteria. Approvato dalla Commissione per i Servizi Pubblici della Carolina del Nord, PowerPair ha l'obiettivo di rendere l'energia solare domestica e lo stoccaggio delle batterie più accessibili. I clienti possono scegliere tra due opzioni di registrazione: un'opzione per il cliente residenziale di energia solare (RSC) o un'opzione di ponte per la misurazione netta (NMB). Quest'ultima opzione prevede crediti mensili aggiuntivi nella bolletta per consentire a Duke Energy di regolare periodicamente le impostazioni della batteria. Con la capacità restante, Duke Energy sta ora esplorando modi per migliorare il programma sperimentale per i clienti che potrebbero non essere in grado di acquistare i sistemi in anticipo, potenzialmente concentrandosi sui clienti a basso reddito o su quelli che dipendono da dispositivi medici.
El programa piloto PowerPair de Duke Energy en Carolina del Norte ha inscrito a más de 1.300 clientes desde su lanzamiento en mayo de 2024. El programa ofrece hasta 9.000 dólares en incentivos para clientes residenciales que instalen nuevos sistemas de energía solar más almacenamiento de baterías. Aprobado por la Comisión de Servicios Públicos de Carolina del Norte, PowerPair tiene como objetivo hacer que la energía solar para el hogar y el almacenamiento de baterías sean más asequibles. Los clientes pueden elegir entre dos opciones de inscripción: un suplemento de elección solar residencial (RSC) o un suplemento puente de medición neta (NMB). Esta última opción proporciona créditos adicionales mensuales en la factura por permitir que Duke Energy ajuste periódicamente la configuración de la batería. Con la capacidad restante, Duke Energy está explorando formas de mejorar el piloto para los clientes que pueden no poder comprar sistemas por adelantado, centrándose potencialmente en clientes calificados por ingresos o aquellos dependientes de dispositivos médicos.
듀크 에너지의 PowerPair 시범 프로그램은 2024년 5월 시작 이후로 노스 캐롤라이나에서 1,300명 이상의 고객이 등록했습니다. 이 프로그램은 새로운 태양광 및 배터리 시스템을 설치하는 주거 고객에게 9,000달러의 인센티브를 제공합니다. 노스 캐롤라이나 공공 서비스 위원회에 의해 승인된 PowerPair는 가정용 태양광과 배터리 저장 장치를 더 저렴하게 만들기 위한 목표를 가지고 있습니다. 고객은 두 가지 등록 옵션 중에서 선택할 수 있습니다: 주거용 태양광 선택 추가 옵션(RSC) 또는 순계량 조정 추가 옵션(NMB). 후자는 듀크 에너지가 주기적으로 배터리 설정을 조정하도록 허용하는 대가로 매월 추가 청구서 크레딧을 제공합니다. 잔여 용량이 있는 듀크 에너지는 시스템을 선불로 구매할 수 없는 고객을 위한 시범 program을 개선할 방법을 탐색 중이며, 잠재적으로 소득 자격이 있는 고객이나 의료 기기에 의존하는 고객을 중점적으로 다룰 예정입니다.
Le programme pilote PowerPair de Duke Energy en Caroline du Nord a enregistré plus de 1.300 clients depuis son lancement en mai 2024. Le programme offre jusqu'à 9.000 dollars en incitations pour les clients résidentiels installant de nouveaux systèmes solaires avec batteries. Approuvé par la Commission des services publics de Caroline du Nord, PowerPair vise à rendre le solaire domestique et le stockage des batteries plus accessibles. Les clients peuvent choisir entre deux options d'inscription : un supplément pour le choix solaire résidentiel (RSC) ou un supplément de passerelle pour la mesure nette (NMB). Cette dernière option fournit des crédits mensuels supplémentaires sur la facture pour permettre à Duke Energy d'ajuster périodiquement les réglages de la batterie. Avec la capacité restante, Duke Energy explore désormais des moyens d'améliorer le programme pilote pour les clients qui ne peuvent pas acheter de systèmes à l'avance, en se concentrant potentiellement sur les clients à revenu qualifié ou ceux dépendant de dispositifs médicaux.
Das Pilotprogramm PowerPair von Duke Energy in North Carolina hat seit seiner Einführung im Mai 2024 über 1.300 Kunden registriert. Das Programm bietet bis zu 9.000 Dollar an Anreizen für private Kunden, die neue Solar-Plus-Batteriesysteme installieren. Genehmigt von der North Carolina Utilities Commission, zielt PowerPair darauf ab, Solarenergie für Privathaushalte und Batteriespeicher erschwinglicher zu machen. Kunden können zwischen zwei Einschreibungsoptionen wählen: einem Wohnsolar-Wahlfahrer (RSC) oder einem Netzmessungs-Brückenfahrer (NMB). Letztere Option bietet zusätzliche monatliche Gutschriften auf der Rechnung, wenn Duke Energy dies regelmäßig anpassen darf. Mit verbleibender Kapazität erkundet Duke Energy nun Möglichkeiten, das Pilotprojekt für Kunden zu verbessern, die möglicherweise nicht in der Lage sind, Systeme im Voraus zu kaufen, und konzentriert sich möglicherweise auf einkommensqualifizierte Kunden oder solche, die auf medizinische Geräte angewiesen sind.
- Enrolled over 1,300 customers in the PowerPair pilot program
- Offers up to $9,000 in incentives for residential solar plus battery installations
- Exploring enhancements to make the program available to more customers
- Potential expansion to include income-qualified customers and those dependent on medical devices
- None.
Insights
Duke Energy's PowerPair pilot program has shown promising initial results, with over 1,300 customers enrolled since its launch in May 2024. This program, offering up to
The program's success highlights several key points:
- Growing demand for residential solar-plus-storage: The rapid enrollment suggests strong consumer interest in home energy solutions that combine solar power with battery storage.
- Grid modernization efforts: By incentivizing battery storage alongside solar installations, Duke Energy is effectively creating a distributed network of energy resources that can be tapped during peak demand periods, enhancing grid reliability.
- Regulatory alignment: The program's approval by the North Carolina Utilities Commission indicates a supportive regulatory environment for innovative clean energy initiatives.
However, the program's current limitation to customers who can afford upfront costs for solar and battery systems is a notable constraint. Duke Energy's plans to expand offerings to income-qualified customers and those dependent on medical devices could significantly broaden the program's impact and accessibility.
From an investor perspective, this initiative aligns with Duke Energy's long-term strategy to transition to cleaner energy sources while maintaining grid reliability. The company's proactive approach to integrating distributed energy resources could position it favorably in an evolving regulatory and competitive landscape.
While the PowerPair program's enrollment numbers are encouraging, the financial implications for Duke Energy (NYSE: DUK) require careful consideration. Here's a breakdown of potential impacts:
- Revenue implications: The program's incentives, up to
$9,000 per installation, represent a significant upfront cost. However, this should be viewed as an investment in grid modernization and customer retention. - Long-term cost savings: By leveraging customer-owned battery storage, Duke Energy can potentially reduce the need for costly peaker plants and grid upgrades, leading to long-term operational savings.
- Regulatory goodwill: Proactive clean energy initiatives like PowerPair can foster positive relationships with regulators, potentially easing future rate case approvals.
- Market positioning: As the fourth-largest solar market in the U.S., North Carolina presents a significant opportunity for Duke Energy to strengthen its market position in the renewable energy sector.
Investors should note that while such programs may impact short-term profitability, they are important for long-term competitiveness in an industry rapidly shifting towards decentralized, renewable energy sources. The planned expansion to serve income-qualified customers and non-residential markets could further drive adoption and potentially open new revenue streams.
Overall, PowerPair aligns with Duke Energy's broader strategy of balancing clean energy transition with maintaining reliable and affordable service. This approach, if executed effectively, could contribute to steady, long-term value creation for shareholders.
Program to pair home solar installations with battery energy storage continues to help advance rooftop solar
Company is looking at ways to enhance pilot to make it available to more customers
CHARLOTTE, NC / ACCESSWIRE / August 1, 2024 / Duke Energy (NYSE:DUK) has enrolled more than 1,300 customers in North Carolina in its new PowerPairSM pilot, a one-time incentive-based program designed to help make a home solar plus battery system more affordable for customers.
Approved by the North Carolina Utilities Commission (NCUC) in January 2024 and launched in May 2024, the pilot program offers up to
"North Carolina already ranks fourth in the nation for overall solar power with approximately 45,000 Duke Energy customers generating about 350 megawatts through solar panels," said Meghan Dewey, vice president of products and services for Duke Energy. "PowerPair is a valuable solution for our customers ready to invest in solar plus storage for their homes. It is one of several ways we're helping our customers save energy and money, while continuing to explore new ways to help manage low carbon grids of the future."
More customer options encourage participation
Participants in the pilot may choose to enroll in PowerPair on a residential solar choice rider (RSC) or through a net metering bridge rider (NMB) and receive a one-time incentive of up to
"Duke Energy is diving headfirst into our next iteration of solar rebate programs to match the increased need to pair solar and battery," said Dewey. "We're already seeing that PowerPair is proving to be quite popular with customers, and our team is hard at work to develop what comes next for innovative solar and battery storage offerings."
The PowerPair pilot has remaining capacity and continues to take applications. Customers can view the approved battery vendor list and information on equipment eligibility (not all systems will be eligible) at duke-energy.com/PowerPair. Participating PowerPair customers must employ a Duke Energy Trade Ally, a solar and battery installer that has been approved by Duke Energy. Customers can use the company's Find It Duke program here.
Expanded offerings coming soon
As Duke Energy prepares to fulfill incentives for its initial PowerPair participants, it is also looking at ways to enhance the pilot for other customers who may not be able to purchase a new solar and battery system upfront. The company will be collaborating with stakeholders on several options that could focus specifically on income-qualified customers, customers dependent on medical devices, or a comparable program for non-residential customers or other targeted participants.
"It was important to first commit to a successful initial PowerPair launch and ensure that the pilot got off the ground smoothly, and we accomplished that," said Dewey. "We are excited to now turn our attention to developing additional offerings that fit a broader scope of our customers' varying needs and lifestyles."
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.
More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.
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