- Associated Press - Tuesday, June 2, 2015

CHARLESTON, S.C. (AP) - South Carolina electric utilities will offer incentives for customers who install solar power.

Investor-owned electric companies are planning the incentives, which are required by an alternative energy bill approved by state lawmakers last year, The Post and Courier of Charleston reported (https://bit.ly/1I8tHEA).

SCE&G; plans to offer small incentives that would be paid for 10 years to those installing solar power after Jan. 1. Under its proposal, which was scheduled to go before the state Public Service Commission on Tuesday, customers who install residential solar panels could sell their excess power to the utility for a slightly higher than the utility charges customers.

“If you’re an early adopter, you’ll get the greatest incentive,” said Danny Kassis, the utility company’s vice president of customer relations and renewables.

Duke Energy and Duke Progress Energy customers would receive a one-time incentive worth thousands of dollars for those installing solar.

The proposals still need state approval.

They would be in addition to state and federal tax credits that essentially rebate more than half the cost of installing solar panels. In addition, utilities generally buy excess back solar power from customers at retail rates.


Information from: The Post and Courier, https://www.postandcourier.com



Click to Read More

Click to Hide