Financial Benefits

Duke Energy's Solar Rebate Program for North Carolina

Between 2018 – 2022, Duke Energy has introduced this one time solar rebate. Whether you want Solar panels for your home, business or nonprofit this solar rebate can make going solar more affordable. Average home rebates are eligible for $4,800 a year. Each rebate is based on the size of the system. Get started today as this solar rebate is first come, first serve and starts July 9th!

The Solar Professionals at Eagle Solar & Light want to help your business realize the long term Financial Benefits of Solar Energy.

This example financial model for a 60 kW solar system illustrates the financial benefits of leveraging the available 30% federal investment tax credit along with depreciation benefits that are enhanced for solar system purchases. In addition to the tax and depreciation benefits, owners of solar systems recognize immediate savings on their energy bills (and these savings continue to be in place well after the tax benefits expire).

For this model, utility costs are $0.135 per kWh, with an annual utility rate increase of 2% over the model period. Tax rates are 5% Alabama and 31% Federal. Net Present Value for the system is calculated with a 5% discount rate over 15 years, and the NPV of tax benefits uses 5% discount rate over 11 years.

For this model, utility costs are $0.135 per kWh, with an annual utility rate increase of 2% over the model period. Tax rates are 5% Alabama and 31% Federal. Net Present Value for the system is calculated with a 5% discount rate over 15 years, and the NPV of tax benefits uses 5% discount rate over 11 years. Capital financing model assumes 70% of principle financed at 5% for 10 years with a 2% closing cost.

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