The PowerPair program was passed by the NC Utilities Commission (NCUC) on Jan. 12, 2024.
Duke Energy Progress and Duke Energy Carolinas customers who own their residence are eligible for the PowerPair rebate when installing a solar system with eligible battery storage. Customers may initially apply for the rebate during a four-week application period from May 8th to June 5th, 2024.
The proposed PowerPair incentives would cover up to $9,000 or about 13% of the installed equipment cost and the IRA tax credit would cover an additional 30%.
Participants would be required to participate in the PowerPair program for at least ten years. Duke’s PowerPair program has the following clawback provisions as directed in the Smart $aver Order.
Battery Control offers an additional monetary incentive of $6.50/kW per month (only available for participants enrolled in the Bridge Rate cohort of the program) in exchange for providing Duke control over the battery storage for 30 to 36 ‘control events’.
Duke would signal a ‘control event’ to control the battery and within 48 hours, a discharge of the battery could occur. (Duke would not discharge the battery below a 20% state of charge.)
Customers can use their batteries normally outside of the ‘control event’ windows and are allowed 4 ‘Opt-out’ dates to deny Duke access to the battery.