Elizabeth Ouzts of Energy News Network reports on an energy efficiency upgrade program in North Carolina.
- Duke Energy has greenlit a new initiative that see the utility pay the upfront cost of home efficiency upgrades which consumers will reimburse the utility for over time.
- This program will effectively lower the barrier to entry for energy efficiency, which will save ratepayers money and reduce residential emissions.
- Duke will also offer rebates for newly constructed apartments to install energy efficiency technology that tenants will pay back to utility over time.
“Under the program set to begin next year, Duke will buy the new appliance or whatever improvements are deemed appropriate for participating households. Over the course of up to 12 years, customers then pay the company back through their utility bills. Even while paying the tariff, which includes the company’s 8.4% of return, the energy savings should lower their monthly costs by 10% or more.”
Read the full aritcle here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
