Electric vehicles (EVs) are gaining popularity as an eco-friendly and cost-effective transportation option. However, many prospective EV owners have questions about installing home charging stations and the costs involved.
Luckily, Duke Energy offers various EV charger rebate programs to make owning an EV more affordable and convenient for their customers. This article provides a comprehensive overview of Duke Energy’s rebates, incentives, and solutions for residential and commercial EV charging.
As a leading energy provider committed to innovating the future of electric transportation, Duke Energy offers the following programs to lower the cost of installing electric vehicle supply equipment (EVSE), also known as EV chargers:
The availability and specifics of these programs vary across Duke Energy’s service states of North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Read on for more details on how Duke Energy’s rebates can save you money on installing home and workplace EV chargers.
Duke Energy’s Charger Prep Credit Program provides North Carolina homeowners and businesses a credit to cover part of the cost of installing Level 2 EV chargers, also known as Electric Vehicle Supply Equipment (EVSE).
This incentive is intended to offset the expense of electrical upgrades often required to support EV charger installation. It ultimately makes owning an EV more affordable.
Eligible residential customers can receive a credit of up to $500 for a wall-mounted EV charger or up to $1,000 for a charger on a new dedicated circuit. This credit amount applies to both customer-procured and Duke Energy-facilitated installations.
There are two options to receive the Charger Prep Credit:
To qualify, residential customers must install a Level 2 EV charger requiring at least 40 amps on a new dedicated circuit. The credit covers electrical infrastructure upgrades like new wiring and panel upgrades directly related to enabling the EV charger install.
Meanwhile, commercial customers can get a credit of up to $2,500 per charging port for Level 2 public charging stations intended for employee and customer use.
Duke Energy’s Off-Peak Charging Credit provides monetary incentives for EV owners in Florida and Indiana to charge during non-peak hours. This ultimately reduces strain on the electric grid.
Residential customers with a Level 2 EV charger can earn a $10 bill credit for each month they charge their EV during off-peak hours. Off-peak times are between 9 pm and 5 am on weekdays and all day on weekends and holidays.
This incentive is limited to $200 per year and $1,000 over the life of program participation. To qualify, customers must have an installed Level 2 charger with a capacity of at least 3.3 kW and enroll in Duke Energy’s Off-Peak Charging Credit program.
Off-peak charging is a win-win for both EV drivers and the electrical grid. By harnessing Duke Energy’s rebate, you can painlessly earn savings while supporting smarter grid energy use.
Duke Energy’s Charger Solution Program provides Indiana residential and commercial customers with an affordable option to install Level 2 EV chargers through an on-bill rental program.
Rather than purchasing an EV charger outright, approved customers pay a fixed monthly fee to rent a charger directly from Duke Energy. This fee covers the charger equipment, standard installation, maintenance, and any potential repairs.
For residential customers, the fee is $39 per month. Business customers pay either $49 per month for a single-head Level 2 charger or $79 per month for a dual-head unit. The charger rental term is a minimum of one year.
Key benefits include:
By offering customizable charging solutions, Duke Energy enables more customers to reap the rewards of driving and fueling electric.
In addition to the programs outlined above, Duke Energy offers incentives, bill credits, and rebates tailored to customers located in specific states:
Be sure to visit Duke Energy’s website or contact their customer service team to get the latest details on incentives available in your area.
Applying for Duke Energy’s EV charger rebates only takes a few simple steps:
Be sure to submit applications within the specified time limits which can vary from 3 months to 1 year after charger installation depending on the program.
Transitioning to an electric vehicle is a smart choice both environmentally and financially. Duke Energy’s generous rebate programs allow consumers and businesses to reap maximum savings from driving electric.
Rather than being deterred by the upfront costs of installing EV chargers, Duke Energy customers can take advantage of:
Contact Duke Energy or check your state’s program eligibility and application process to ensure you receive all the EV rebates available to you. With lower equipment costs and discounted charging, you will soon be on the road to emission-free driving.
Duke Energy is one of the largest electric power holding companies in the United States,…
Is your ceiling fan producing annoying humming, clicking, grinding or buzzing noises? These unwanted sounds…
Adding a remote control to your existing ceiling fan is an easy upgrade that can…
Installing a ceiling fan with a light kit can seem intimidating, but it doesn't have…