North Carolina Policy
The Center’s Energy 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 valuable incentive resources put together by the Center:
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.
3. Template Solar Ordinance – This document is intended to offer a path that could facilitate solar project development for companies and landowners while simultaneously creating a framework for local governments to ensure the safeguarding of local values and interests.
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.
Homeowners and businesses throughout North Carolina installed a total of 397 megawatts of grid-connected photovoltaics (PV) in 2014. That accomplishment places North Carolina second in the country for solar power capacity added in 2014 and fourth in the country for total megawatts installed (1,011 MW). The primary reason for this is simple — policy.