NC utility to offer money for solar panel use
Posted June 4, 2009 6:55 a.m. EDT
Updated June 9, 2009 1:31 p.m. EDT
RALEIGH, N.C. — A North Carolina utility plans to offer customers as much as $20,000 for installing solar panels on their rooftops in a program to boost green energy.
The News & Observer of Raleigh reported Thursday that Progress Energy’s offer is designed to help it comply with a state law requiring more use of renewable energy and conservation.
The Progress Energy incentive is equal to about 25 percent of the installation cost. Coupled with federal and state incentives, a customer could recoup more than 60 percent of the installation cost.
Progress has 71 customers in North and South Carolina who already use solar panels. They won’t be eligible for the rebates.
Information from: The News & Observer, http://www.newsobserver.com