North Carolina Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 08/07/2012
Program Overview:
| State: |
North Carolina |
| Incentive Type: |
Industry Recruitment/Support |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Heat Pumps, CHP/Cogeneration, Solar Pool Heating, Daylighting, Anaerobic Digestion, Ethanol, Methanol, Biodiesel, Geothermal Direct-Use |
| Applicable Sectors: |
Commercial, Industrial |
| Amount: | 25% |
| Maximum Incentive: | No limit |
| Terms: | Credit taken in equal installments over 5 years |
| Start Date: | 1/1/2011 |
| Expiration Date: | 12/31/13 |
Authority 1:
Date Enacted:
Date Effective:
Expiration Date:
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N.C. Gen. Stat. ยง 105-129.16I
8/2/2010
1/1/2011
12/31/2013
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Summary:
House Bill 1829 of 2010 reinstated a tax credit for costs incurred in the construction or retooling of a facility to manufacture renewable energy property or "a major component subassembly for a solar array or wind turbine". Eligible costs include construction and equipment costs specifically associated with the manufacture of eligible equipment. The credit is worth 25% of the eligible costs and must be claimed in five equal annual installments beginning with the year the facility is placed in service.
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Contact:
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Taxpayer Assistance - NC DOR
N.C. Department of Revenue
Post Office Box 25000
Raleigh, NC 27640
Phone: (877) 252-3052
Web Site: http://www.dor.state.nc.us
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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