North Carolina Encourages Renewable Energy Through Tax Credits

As of January 1, 2000, individuals and businesses in North Carolina can take advantage of the most progressive renewable energy tax incentives in the country. A bill that gathers all renewable energy sources – biomass, hydroelectric, solar, daylighting and wind – into a single tax credit passed unanimously by both the House and Senate.

All of these technologies qualify for a 35 percent credit, limited to the cost of installing each technology. Residential biomass, hydro, PV and wind are limited to $10,500 per system. The limit for residential solar hot water is $1400; active space heating and passive technologies, $3500. Commercial/industrial systems for all technologies is capped at $250,000.

The NC Solar Energy Association Policy committee spearheaded the bill’s creation by gaining sponsorship commitments from Representatives Paul Juebke (D-Durham), Joe Hackney, (D-Chapel Hill), and Danny McComas (R-Wilmington). They worked together to craft the new tax credit bill which expanded an earlier bill that would otherwise have been subject to sunset provisions.

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