Dive Summary:
- Duke Energy is considering a move toward rooftop solar panels in an effort to "slow electricity demand," acceding to CEO Jim Rogers.
- Since certain systems allow people to generate their own electricity, utility companies are fearful that these customers will be able to avoid using an power from the grid, which will affect profits.
- The utility isn't actively pursuing the initiative, but does have available funding should it choose to move in that direction.
From the article:
"... 'It is obviously a potential threat to us over the long term and an opportunity in the short term,” Rogers said in an interview. “If the cost of solar panels keeps coming down, installation costs come down and if they combine solar with battery technology and a power management system, then we have someone just using us for backup.' ..."