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progress energy increasing solar rebates

Progress Energy, a utility company based out of Raleigh, North Carolina which serves over 3 million customers in the the Carolinas and Florida is aggressively encouraging it’s customers to install solar panels through a solar rebate program. The program would offer $1.50 to $2 a watt per watt installed for residential customers.

For commercial customers Progress Energy promises to pay a premium per kWh (kilowatt-hour) contributed to the grid. Payments will be based on market prices although limited details have been disclosed by the company.

With more utility companies offering rebates, federal tax credits at an all time high and the cost per watt for solar panels dropping like a rock, it creates the perfect storm for a great investment in a solar electric system this year. Would you agree?

Author: Deep Patel

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