Solar rebate program approved
CHARLOTTE — Duke Energy’s $62 million solar rebate program, which will help North Carolina customers with the upfront cost of installing solar panels on their property, was approved by the N.C. Utilities Commission. The program is part of 2017’s Competitive Energy Solutions for North Carolina law, also known as House Bill 589, which includes new Duke Energy programs to benefit customers. Customers can start signing up for the program this summer. The program expects to increase North Carolina’s private solar market by 200 percent over the next five years, providing an economic boost for the state’s solar installation business as well.
Pinnacle reports share income
NASHVILLE — Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.08 for the quarter ended March 31, 2018, compared to net income per diluted common share of 82 cents for the quarter ended March 31, 2017, an increase of 31.7 percent. Excluding pre-tax merger related charges of $5.4 million, net income per diluted common share was $1.13 for the three months ended March 31, 2018, compared to net income per diluted common share of 83 cents for the three months ended March 31, 2017, excluding pre-tax merger-related charges of $672,000, an increase of 36.1 percent. For more information, visit www.pnfp.com.
Carolina Farm offers scholarships
STATESVILLE — Carolina Farm Credit will provide four $2,000 scholarships to University of Mount Olive students starting in 2018. Applications will be submitted through the University of Mount Olive’s website, https://apply.umo.edu/register/carolinafarmcredit. Deadline to apply is April 30. Eligible applicants must live in one of the 54 counties that Carolina Farm Credit serves, which includes Randolph, Moore, Davidson and Chatham; be enrolled in a four-year agriculture program at the University of Mount Olive; and possess a GPA of 2.5 or higher.
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