Get Duke Energy Pushes Smart-grid Plan For 2017 Completion - Catawbaedc

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

The new net metering rules take effect on October 1, 2023, and apply to customers in Duke Energy service territories; if you can submit your net metering application by that date, you can take advantage of the current net metering rates during the three-year transition period.

We plan for 30,000 megawatts of renewable energy on the system by 2035. Our near-term goal is to reduce emissions by 50% by 2030. Our ultimate goal is to reach net-zero by 2050.

This is due in part to a dramatic increase in the cost of fuel, driving up the cost to run our power plants and generate power. We don't profit from fuel costs. Fuel is a pass-through cost, meaning you pay what we paid.

The company's planned investment of $145 billion over the next 10 years for critical energy infrastructure is essential to meeting these customer needs and achieving net-zero carbon emissions by 2050 while also creating substantial economic benefits for the communities it serves.

We've set ambitious climate goals for our company, striving toward at least a 50% reduction in CO2 emissions from electricity generation in 2030 on the way to net-zero CO2 by 2050. We're also targeting net-zero methane emissions for our natural gas distribution business by 2030.

This comprehensive plan is designed to facilitate a transition from emissions-producing power generation to a more sustainable and renewable energy portfolio in the next 20 years, all while accommodating the anticipated surge in energy demand in the area.

Conclusion. The Duke Energy Solar Program is an excellent option for homeowners looking to generate their electricity using solar panels. With a range of options available and a straightforward application process, it's easy to get started and begin enjoying the benefits of renewable energy.