8/10/2023 0 Comments Duke energy fl![]() ![]() After the first three years, the credit increases by 1.5% each year, theoretically resulting in net savings after Year 5, and profits from Year 7 onward. The subscribed customer gets an average credit of $0.04 for every kilowatt-hour (kWh) generated by their blocks. The program works like this: a customer subscribes to “blocks”, or shares of a solar farm that each represent one kilowatt (kW) of solar generation. So Duke came up with a subscription program where its customers can sign up to receive the benefits of solar energy without having to install their own system.ĭuke anticipates that the Clean Energy Connection program, or CEC for short, will generate long-term savings for its customers after initially costing a small amount extra on their annual energy bills. Also, many people can’t or don’t want to have solar panels on their roof. In 2022, Duke Energy realized people don’t want to pay a lot extra to support renewable energy in their area. You can also take a look at this example bill to see how the Shared Solar program charges would appear on your bill, if, y’know, you hated having money. ![]() If you’re a Florida Duke Energy customer and a masochist, you can learn more about the Shared Solar program here. At $5.96 per block, the Shared Solar program would cost that person $172.84 extra, every month. The average homeowner uses about 1,450 kWh per month, and if they chose to offset all of that, they’d need 29 blocks. This means that the Shared Solar program will cost you a net amount of $5.96 per block. Under the Shared Solar program, you purchase a block of 50 kilowatt-hours (kWh) in solar energy for $7.75 each per month, then get a credit back on your bill of $1.79 per month. If you’re interested in paying Duke Energy extra money every month to support the development of new utility-scale solar farms, this is the plan for you (also, are you okay?).
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