North Carolina’s ranking of #3 in the country for solar energy investment is receiving national attention and prompting some states in the Southeast to ask, "What is North Carolina's secret?"
The answer: clean energy policies that give solar companies the business certainty they need to make investments.
The North Carolina Utilities Commission did just that in an important ruling last week that keeps standard solar electricity purchase agreements in place. These contracts between utilities and solar developers typically last 15 years and cover solar projects up to five megawatts. They can make all the difference in whether a solar project is built and in a solar developer’s ability to grow and hire new workers.
Duke Energy and other North Carolina utilities sought to weaken the terms of these standard agreements, which are set by the Utilities Commission. The utilities asked the Commission to abandon requirements that they enter into long-term agreements with solar developers and sought to eliminate the ability of larger solar projects to participate. Read More