solar tax credit

solar
Dave DeWitt / WUNC

A new report shows the economic impact of more than a decade of clean energy investment in the state. The study from the North Carolina Sustainable Energy Association finds clean energy development projects generated more than $28.2 billion dollars statewide since 2007.

Daniel Brookshire, the NCSEA’s regulatory and policy analyst, said the solar industry in particular continues to grow, despite the expiration of state tax incentives.

Just two weeks after Duke Energy began taking applications for new solar energy rebates, the program has run out of money for homeowners and businesses for this year. 

Renewable energy credits in North Carolina by year.
N.C. Department of Revenue / Jason deBruyn

The North Carolina Department of Revenue gave a record number of tax credits last year for renewable energy use.

solar
Dave DeWitt / WUNC

The 429-page state budget, released just before midnight Monday, contains plenty of provisions that will affect the future of the environment in North Carolina.

solar
Dave DeWitt / WUNC

Solar installation companies are calling on Duke Energy and the General Assembly to continue a tax cut they say is key to their future.

When combined with a 30 percent federal tax break, the state’s 35 percent tax credit has propelled North Carolina to become one of the top four states in the country for installed solar capacity, behind only California, Arizona, and New Jersey.