North Carolina Policy
Homeowners and businesses throughout North Carolina installed a total of 28.7 megawatts of grid-connected photovoltaics (PV) in 2010. That accomplishment places North Carolina 9th in the country for installed PV in 2010, higher than larger and sunnier states like Georgia and Texas. The primary reason for this is simple — policy.
North Carolina was one of the first states in the country to offer a tax credit for renewable energy purchases back in 1977. And in 2007 it became the first state in the southeast to establish a Renewable Energy and Efficiency Portfolio Standard (REPS). Our generous 35 percent investment tax credit for renewable energy equipment enables millions of dollars in investments every year, and our REPS creates market certainty for these investments.
The N.C. Solar Center’s Policy Program helps residents and businesses understand the nuances of the tax credit and other policies and incentives that serve as drivers for the renewable energy industry in the state.
Below are some of the fact sheets that the N.C. Solar Center has put together for North Carolina’s solar industry.
1. N.C. Commercial Solar Incentives – details federal and state tax credits, loans, RECs, and other incentives for solar installation businesses.
2. N.C. Residential Solar Incentives – details federal and state tax benefits and other incentives for home owners with solar installations.