North Carolina – Renewable Energy Tax Credit (Personal)
| Incentive Type | Personal Tax Credit |
|---|---|
| Eligible 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, Spent pulping liquor, Solar Pool Heating, Daylighting, Anaerobic Digestion, Small Hydroelectric, Ethanol, Methanol, Biodiesel, Geothermal Direct-Use |
| Applicable Sectors | Commercial, Residential, Multi-Family Residential |
| Incentive Amount | 35% |
| Maximum Incentive | $1,400 – $10,500 (varies by technology); $2.5 million* for systems used for a business purpose |
| Eligible System Size(s) | No stated size limits for systems. Maximum of 50 kWh battery storage capacity per kW of hydro generator capacity (DC rated); maximum of 35 kWh battery storage capacity per kW for other technologies |
| Equipment Standards | System must be new and in compliance with all applicable performance and safety standards. Specific equipment and installation requirements vary by technology. |
| Carryover Provisions | System must be new and in compliance with all applicable performance and safety standards. Specific equipment and installation requirements vary by technology. |
| Expiration Date | 12/31/2015 |
More Information Contact:
Public Information
Department of Revenue
Post Office Box 25000
Raleigh, NC 27640-0640
Phone: (877) 252-3052
Phone 2: (877) 252-4052
Web Site: http://www.dornc.com/