On October 1, 2023, Duke Energy moved away from the fixed, 1:1 net metering rate and launched Net Metering 2.0, which is a variable, demand-based, net metering policy based on time-of-use (TOU) rates. If you are just beginning your solar journey, you may be wondering, “What is Net Metering”? Net metering is the interconnection policy that controls how your solar system is connected to the grid and more importantly, how your utility provider credits you for any excess solar energy that your system produces that is sent back to the grid. As we move into October 2023, you may be curious what the current net metering rate options are and what those difference mean for you. This net metering rate shift should only affect you if your utility provider is Duke Energy, Duke Energy Progress, or Duke Energy Carolinas. If you fall under any of those categories, we are here to help you understand what your options are and walk you through the details. 1. Net Metering 2.0 Time-of-Use (TOU) Rates Net metering 2.0’s credit value will be determined by Time-of-Use (TOU) rates. TOU rates are variable and calculated based on when Duke experiences peak consumer demand. The predicted value … Continue reading What is Duke Energy’s Net Metering Bridge Rate?