150 NC residents produce solar power with Progress Energy

Posted May 10, 2012

Map Marker  Find News Near Me

— Over 150 residential customers in North Carolina are now producing power from rooftop solar panels with a program sponsored by Progress Energy.

The SunSense Solar PV program offers rebates to customers to reduce the cost of installing rooftop photovoltaic panels. It also helps the utility meet the requirements of the state's renewable energy and efficiency portfolio standard (REPS), established in 2007.

SunSense was launched in 2011 and offers upfront and ongoing incentives, including rebates and bill credits, to North Carolina residents who are accepted.

"We're committed to offering our customers programs that help reduce their personal environmental impact and advance the development and deployment of renewable energy technology," Lloyd Yates, president and CEO of Progress Energy, said.

The company anticipates 200 to 300 small-scale solar panel interconnections each year, and this number is expected to grow as more tax incentives become available.

As the program grows, Progress Energy is also conducting studies to determine how reliable and effective alternative energy is. The utility is working with the Electric Power Research Institute in an 18-month study to evaluate the effects of widespread, small-scale solar photovoltaic systems on the electric grid. The two organizations are collecting data to study the potential benefits and impacts of installing multiple solar electric generators with variable outputs in concentrated areas.

Progress Energy is based in Raleigh and is a Fortune 500 company serving about 3.1 million customers in the Carolinas and Florida. The company has a 23,000 megawatt generation capacity and receives approximately $9 billion in annual revenues.

1 Comment

This story is closed for comments.

Oldest First
View all
  • SaveEnergyMan May 10, 2012

    It's still a poor use of money. The tax breaks and inflated purchase price of the power that they make (NC Greenpower) costs us all and without them the payback is longer than the life of the panels. For a "sustainable" product it is totally unsustainable economically if implemented beyond a few uber-greenies.

    Energy conservation generally saves more with a better payback and without special interest tax breaks.