Duke Energy is partnering with the REC Solar team. According to Duke Energy this partnership will help make solar more affordable and accessible to commercial customers.
Duke will invest $225 million in commercial solar projects developed by REC Solar and supported by long term power purchase agreements.
REC is based out of California but will deliver a simple sales and financing process for commercial-scale customers, similar to residential solar companies.
"This arrangement will build on Duke Energy's mission of giving commercial customers solutions that reduce energy costs and achieve their sustainability goals," said Marc Manly, Duke Energy executive vice president and president – Commercial Portfolio.