Record-breaking year in solar for Duke Energy customers in North Carolina

Rhea-AI Summary

In 2020, Duke Energy saw significant growth in solar power usage among its customers in North Carolina, driven by a $62 million solar rebate program. About 5,500 customers installed solar systems, raising the total to over 18,000. The company added almost 350 MW of solar capacity, enough to power around 60,000 homes. Duke Energy operates over 40 solar facilities and aims to connect more solar generation in the future. Its carbon-free generation has reached nearly 60%, supported by large customers engaging in solar projects, including a planned floating solar facility at Fort Bragg.

Positive

• 5,500 new solar installations were added in 2020, totaling over 18,000.
• Duke Energy connected almost 350 MW of solar capacity, enough for about 60,000 homes.
• The company operates more than 40 solar facilities in North Carolina.
• Nearly 60% of Duke Energy's generation in the Carolinas is carbon-free.
• Duke Energy aims to double its renewable energy portfolio by 2025.

Negative

• None.

CHARLOTTE, N.C., Jan. 19, 2021 /PRNewswire/ -- Solar power continued to grow in North Carolina in 2020 with more Duke Energy customers using solar power than ever before.

Driven by the company's five-year, $62 million solar rebate program, which helps pay for the significant upfront costs of solar systems, about 5,500 Duke Energy customers installed private solar systems at their homes and businesses in 2020. Today, more than 18,000 Duke Energy customers have a private solar system.

"Our customers want more renewable energy and Duke Energy is making that a reality for them," said Stephen De May, Duke Energy's North Carolina president. "We're also connecting large-scale solar plants – owned and operated by Duke Energy and other developers."

During 2020, Duke Energy connected almost 350 megawatts of solar power capacity, which could power roughly 60,000 homes. Major projects in 2020 included Duke Energy's 69-megawatt (MW) Maiden Creek solar facility in Catawba County and the 25-MW Gaston County solar facility in Bessemer City.

Duke Energy owns and operates more than 40 solar facilities in North Carolina. The state is a national leader for solar power – trailing only California and Texas in the amount of solar power produced. Overall, Duke Energy has more than 3,700 MW of solar energy connected to its energy grid in the state.

The outlook for future solar power in North Carolina looks promising. In 2020, Duke Energy and most of the major solar industry developers in the Carolinas agreed to a defined process and timeline by which a substantial additional amount of new solar generation will be connected to the Duke Energy distribution system.

"Working with stakeholders will lead to more renewable energy in North Carolina at better prices for customers," added De May. "Renewable energy will be a cornerstone of Duke Energy as we seek to reduce carbon emissions and generate cleaner energy."

Almost 60% of Duke Energy's generation in the Carolinas is carbon-free, with nuclear, solar and hydroelectric power being the leading sources of carbon-free generation.

Duke Energy helped large customers go solar in 2020 with its Green Source Advantage program. The City of Charlotte, Bank of America and Duke University are all pursuing new solar projects under the company's program, which allows large energy users to negotiate directly with solar developers on independent solar projects.

Duke Energy is also getting innovative with new solar projects. At the U.S. Army's Fort Bragg, the company plans to build a 1.1-MW floating solar system as part of a $36 million energy services effort, which will also include infrastructure modernization, lighting and water upgrades, heating, ventilation and air conditioning and boiler system improvements. The floating solar project will be on Big Muddy Lake located at Camp Mackall.

It's not just the Carolinas where Duke Energy is expanding renewable energy. In 2019, Duke Energy met its companywide goal of owning and contracting for 8,000 MW of wind, solar and biomass generation around the nation.

In 2020, the company set a new goal of doubling that figure by 2025. Today, the company has a portfolio of roughly 57,000 MW of generation, which includes all fuel sources.

About Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Randy Wheeless 
24-Hour: 800.559.3853
Twitter: @DE_RandyW

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SOURCE Duke Energy

FAQ

What was the impact of Duke Energy's solar rebate program in 2020?

Duke Energy's $62 million solar rebate program resulted in 5,500 new solar system installations, increasing the total to over 18,000.

How much solar power capacity did Duke Energy connect in 2020?

Duke Energy connected almost 350 MW of solar power capacity in 2020, which can power around 60,000 homes.

What percentage of Duke Energy's generation is carbon-free?

Nearly 60% of Duke Energy's generation in the Carolinas is carbon-free.

Where is Duke Energy expanding solar projects?

Duke Energy is expanding its solar projects primarily in North Carolina, with significant initiatives at Fort Bragg and partnerships with large customers.

What are Duke Energy's future plans for renewable energy?

Duke Energy plans to double its renewable energy portfolio by 2025.