A Guide to Going Solar with Duke Energy
Duke Energy
Find out how much it costs for Duke customers to install solar panels
Understanding Duke Energy
Duke Energy
Utility Type: Investor Owned Utility (IOU). An IOU is a private, for-profit company that generates, transmits, and distributes electricity to customers in a designated service territory.
Headquarters: Charlotte, NC
Website: www.Duke-Energy.com
Contact for Solar Related Questions: CustomerOwnedGeneration@Duke-Energy.com / 866.233.2290
Key takeaways for switching to solar with Duke
Solar Policies: As an IOU, Duke Energy’s solar policies are regulated by the Indiana Utility Regulatory Commission (IURC).
Commonly Used Solar Programs:
Excess Distributed Generation Tariff (EDG) - This is the most commonly used program. This program provides a credit to your utility bill in the amount of 125% of the “market price” (not the retail price!) for power for all excess energy generated.
Current Market Price or bill credit: $0.042917 per kwh (as of 3/1/24)
Purchased Power - Another common solar program with Duke, the Purchased Power offers you the opportunity to sell energy back to Duke Energy.
Rate of Purchase of Energy: $0.024164 per kwh
Rate of Purchase of Capacity: $4.39 per kW per month
Go Off-Grid! - Disconnect from Duke or install a system separate from the grid. Learn more.
Go solar with Duke Energy >>
Duke Energy Indiana Service Territory
“ With Duke, you have a choice between the Excess Distribution Tarriff (EDG) and the Purchased Power program.
EDG allows you to use your solar energy and credits ~$0.043/kwh for excess generation. ”
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See other Duke customers that switched to solar.
Are solar panels worth it for Duke Indiana customers?
Yes! For Duke customers in Indiana, adding solar panels can be a worthwhile consideration. Duke no longer offers net metering, however their Excess Distributed Generation Tarriff is also a good option as it does provide the customer with a credit for excess energy generated. This credit is lower than the “retail rate” so you might consider adding battery storage or modifying the system size to maximize how much solar energy is consumed on site rather than sent back to Duke.
Additionally, the availability of the federal tax credit can offset the initial installation costs, making solar more accessible. Furthermore, with Duke’s commitment to expanding its renewable energy portfolio, customers may benefit from a more favorable regulatory environment for solar energy adoption. However, individual circumstances, such as roof orientation, local regulations, and financial situation, should be evaluated to determine the overall value of a solar panel installation.
