North Carolina has a 35% tax credit for investments in renewable energy technologies. Announced by the Department of Revenue this week… in 2011, $11.3 million in renewable energy tax credits were taken in North Carolina. As a result, we saw $108 million in private sector spending on these technologies. That means – for every $1 in NC credits – $10 were spent in the private sector, thus generating investment and jobs here in NC.
Click here to see the report from the Department of Revenue.