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FLAT Rate Structure

Solar ROI for Duke Energy Progress NC Customers

Duke Energy Progress NC charges an average of $12.8¢/kWh. A 7 kW solar system produces a $5,928 NPV over 25 years.

$13,132
Net System Cost
$5,928
25-Year NPV
11 years
Payback Period
$0.144/kWh
Solar LCOE

Duke Energy Progress NC Rate Structure

ParameterRate
Average residential rate$12.8¢/kWh
Rate structureFLAT
Export credit policy1:1 net metering for systems up to 25 kW

Solar System Economics

A 7 kW solar system for a Duke Energy Progress NC customer costs $18,760 before incentives. The 30% federal ITC saves $5,628. The net out-of-pocket cost is $13,132.

At Duke Energy Progress NC's $12.8¢/kWh average rate, the system saves $1,210 in year one, producing 9,450 kWh. The solar LCOE of $0.144/kWh is -12% below Duke Energy Progress NC's current rate.

Battery Storage for Duke Energy Progress NC Customers

$8,400
Battery Net Cost
$0
Daily Arbitrage
$0
Annual Arbitrage
-$11,382
25-Year Battery NPV

Duke Energy Progress NC uses a flat rate structure without significant peak/off-peak spread. Battery value comes primarily from backup power and net metering optimization rather than TOU arbitrage.

FAQ: Solar for Duke Energy Progress NC Customers

How much can Duke Energy Progress NC customers save with solar?
A typical 7 kW solar system saves Duke Energy Progress NC customers approximately $1,210/year in electricity costs. Over 25 years, the NPV of savings after system costs is $5,928.
What is Duke Energy Progress NC's rate structure?
Duke Energy Progress NC uses a flat rate structure at an average of $12.8¢/kWh. Without a large peak/off-peak spread, battery storage value comes primarily from backup power and net metering optimization.
Does Duke Energy Progress NC offer net metering?
1:1 net metering for systems up to 25 kW
Should Duke Energy Progress NC customers add battery storage?
Battery storage for Duke Energy Progress NC customers has a 25-year NPV of -$11,382. The economics are marginal based on TOU savings alone, but backup power value and future grid services programs may change the equation.

Other Utilities in North Carolina

Duke Energy Carolinas
$12.2¢/kWh · TOU
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