North Carolina is the second largest supplier of solar power in the nation. Recently, Governor Roy Cooper signed into effect the “Competitive Energy Solutions for North Carolina” law. This bill, HB 589, is expected to increase the state’s solar power output threefold, as well as save around $850 million for consumers over the next 10 years. The legislation is a step forward for Duke Energy executives, who have been fighting to get it passed for almost a year. How will residential and commercial consumers benefit from the effects of this bill?
The bill offers many benefits to residential solar power users. Consumers will be able to lease solar power from Duke Energy or individual businesses. The biggest financial benefit is provided through rebates. Consumers will be able to receive rebates for small, customer-owned solar installations.
How can rebates affect you?
It is important to note that rebates will not help with upfront costs. They will kick in after installation and inspection of the solar energy system. However, the rebates are expected to save private consumers millions of dollars on solar system installation.
The act also revises North Carolina’s 1978 Public Utility Regulatory Policies Act (PURPA). In effect, it allows consumers to save money and enjoy competitive solar power options. Overall, NC Act 589 benefits consumers by providing rebates and reducing the overall cost of residential solar installations.
The bill enhances and revitalizes the Green Source Rider program. This program is available to the military, University of North Carolina, and other large energy users. With this program, large energy users can obtain renewable energy and solar power to meet their specific needs. Google and Cisco are 2 prominent customers of the Green Source Rider program.
HB 589 put into effect an 18-month moratorium on wind power development. The decision to include a wind ban occurred at the last minute, and Governor Cooper criticized it. Specifically, the bill bans the approval of new wind farms before the end of 2018, and supporters claimed the ban is necessary to investigate the impact of wind turbines on the military bases in the state. The governor is continuing to encourage wind energy investments and future projects that will go into effect after the moratorium ends.
At Sunstore Solar, we provide clean, efficient energy for residential and commercial needs. The new legislation passed in North Carolina will provide financial benefits to consumers, as well as support the state’s drive toward clean energy solutions. Whatever your situation, our technicians can conduct an on-site inspection, discuss your options, and install state-of-the-art solar equipment to help you save money and increase the overall efficiency of your home or business.
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