If you as a homeowner are thinking about adding a solar power system to your home, Progress Energy (NYSE: PGN) has some green – as in dollars – for you.
The Raleigh-based utility firm said Wednesday that it is rolling out a program of rebates and monthly bill credits to encourage consumers to add solar power.
Consumers will get $1,000 up front for each kilowatt of capacity a solar system provides.
Plus, monthly credits of $4.50 will be added, again based on per kilowatt of capacity.
The “SunSense” program is limited to Progress residential customers. They also must own the solar system with a capacity of between 2 and 10 kilowatts.
The size of the program is limited to 1,000 kilowatts – or 1 megawatt – of capacity per year.
Information is available at this website.
Progress and other utilities are being required by law to utilize more alternative energy in power production.
“We created this program to bring solar power within reach to customers who would not otherwise be able to afford it,” said Lloyd Yates, chief executive officer of Progress Energy Carolinas, in a statement. “This residential program and our incentives for commercial and industrial customers are part of our balanced approach to meeting the challenges of growing energy demand, rising costs and global climate change.”
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