Progress Energy Announces Expanded Solar Energy Strategy

'SunSense'  to Include Incentives for Customer-Owned PV Installations RALEIGH, N.C.,
June 3 /PRNewswire-FirstCall/ --

Progress Energy today unveiled an expanded solar energy strategy
 in the Carolinas and Florida - including a range of new residential
and commercial solar incentives and programs.
> The company strategy, launched under the name SunSense, is
> expected to expand the scope and use of solar energy in the Carolinas
> and Florida by more than 100 megawatts over the next decade. The cost
> of implementing the program is expected to have minimal impact on
> customer bills.
> "We are committed to implementing a balanced energy strategy to
> provide reliable electricity to the homes and businesses that depend
> on us, while keeping costs to customers as low as possible," said Bill
> Johnson, chairman, president and CEO of Progress Energy. "Solar power
> will play an increasingly important role in providing clean energy for
> the regions we serve, and as cost-effective technologies continue to
> develop, we will work to bring new choices for our customers and make
> smart investments on larger-scale solar projects."
> SunSense includes a number of elements:
> Residential solar photovoltaic (PV): This new program will be
> offered starting late this summer in the Carolinas and in 2010 in
> Florida.
> Proposed
> incentives offer a range of $1.50 to $2 per watt for residential
> customer solar PV installations, which represents about 25 percent of
> the installed cost of the system.
> Residential solar water heating: This program, already
> established in Florida and under way in the Carolinas, includes
> rebates for customers who install solar water heating capability.
> Commercial solar PV: This program also will be available this
> summer in the Carolinas and in 2010 in Florida. Commercial customers
> installing solar PV will be paid per kilowatt-hour for energy
> produced. Incentive payments for energy production will be market
> based. The company will provide additional details in the near future.
> Commercial solar water heating: This program, providing
> incentives for commercial customers to install solar water heating
> capability, is starting this summer in the Carolinas. At this time,
> there is not a similar program available to Florida customers.
> Solar for schools: This program is a partnership to install PV on
> schools in the company's service areas. Selected schools served by
> Progress Energy Carolinas and Progress Energy Florida will receive
> 2-kilowatt solar PV installation at no cost.
> Progress Energy, headquartered in Raleigh, N.C., is a Fortune 500
> energy company with more than 21,000 megawatts of generation capacity
> and $9 billion in annual revenues. Progress Energy includes two major
> electric utilities that serve approximately 3.1 million customers in
> the Carolinas and Florida. The company has earned the Edison Electric
> Institute's Edison Award, the industry's highest honor, in recognition
> of its operational excellence, and was the first utility to receive
> the prestigious J.D. Power and Associates Founder's Award for customer
> service. The company is pursuing a balanced strategy for a secure
> energy future, which includes aggressive energy-efficiency programs,
> investments in renewable energy technologies and a state-of-the-art
> electricity system. Progress Energy celebrated a century of service in
> 2008. Visit the company's Web site at
> Progress Energy
> CONTACT: Corporate Communications of Progress Energy,
> +1-919-546-6189,toll-free, +1-877-641-NEWS (6397)
> Web Site: