Duke Energy's New EV Programs Could Save You Thousands!
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EV CHARGING

Duke Energy’s New EV Programs Could Save You Thousands!

  • Duke Energy Florida offers a Charger Prep Credit to help cover the cost of installing EV charging infrastructure at homes and businesses.
  • Residential customers can earn a $7.50 monthly credit by charging their EVs during off-peak hours through the Off-Peak Charging Credit Program.
  • Businesses can receive up to $12,000 to assess the benefits of transitioning their fleets to electric vehicles via the Fleet Advisory Program.

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Ever thought about switching to an electric vehicle (EV) but felt daunted by the costs and logistics? You’re not alone. But here’s some exciting news: Duke Energy Florida has just rolled out three new programs that might just zap those concerns away. Intrigued? You should be.

2024 Volkswagen VW ID.4 electric car Grizzlie EV home charger charging
Electric vehicle charging port with a charging cable plugged in, indicated by a green light.

Charger Prep Credit Program

The Charger Prep Credit Program is like getting a financial boost to set up your very own EV charging station at home or your business. Sounds too good to be true? It’s not.

This program offers a one-time credit to help cover the expenses of installing the necessary infrastructure for Level 2 or higher EV chargers. Think new plug-in outlets, upgraded wiring, and other electrical enhancements.

However, keep in mind that this credit doesn’t cover the actual charging station hardware, software, or permit fees. Still, it’s a significant step toward making your EV charging setup more affordable.


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Off-Peak Charging Credit Program

What if you could get paid to charge your EV during specific times? Duke Energy Florida is offering residential customers a $7.50 credit on their monthly electric bills for charging their EVs during off-peak hours.

That’s 10 a.m. to 6 p.m. and 11 p.m. to 5 a.m. on weekdays, and anytime on weekends and holidays. The Off-Peak Charging Credit Program, which started as a pilot, is now a permanent fixture with no enrollment limit. It’s a win-win: you save money, and the energy grid experiences less strain during peak times.

Close-up of a Hyundai Ioniq 6 electric vehicle charging at a home charger in a parking garage.

Fleet Advisory Program

For business owners, the Fleet Advisory Program is designed to help businesses transition their vehicle fleets to electric. Eligible companies can receive up to $12,000 to offset the costs of a fleet electrification study.

This study assesses the benefits of switching to EVs, including potential reductions in operating costs and carbon footprints. To qualify, your fleet should include at least 20 light-duty vehicles, five medium/heavy-duty vehicles, or a combination of 10 or more vehicles.

It’s an opportunity to modernize your fleet while contributing to environmental sustainability.


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These Programs Matter

Melissa Seixas, Duke Energy Florida’s State President, said, “Not only do EVs help save on fuel and maintenance costs for drivers, but they have significant economic and environmental benefits as well.”

These programs are designed to make EVs more accessible, catering to individual needs while advancing the energy transition.

Tips:

  • For Homeowners: Consider applying for the Charger Prep Credit to offset the costs of preparing your home for EV charging. This can make the transition to an EV smoother and more cost-effective.
  • For EV Owners: Enroll in the Off-Peak Charging Credit Program to take advantage of lower electricity rates during off-peak hours. This not only saves you money but also supports grid stability.
  • For Businesses: Learn about the Fleet Advisory Program to assess the benefits of electrifying your vehicle fleet. With financial support for the evaluation, you can make an informed decision that may result in long-term savings and environmental benefits.

Duke Energy Florida’s new initiatives support a more sustainable and cost-effective future for transportation. Whether you are a homeowner, an EV driver, or a business owner, these programs offer practical benefits as electric vehicles become more widely adopted.


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IMAGES: RANDI BENTIA

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AUTHOR: 

RANDI BENTIA

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