| Incentive Type | Corporate Tax Credit |
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| 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 |
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| Applicable Sectors | Commercial, Industrial, Agricultural |
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| Incentive Amount | 35% |
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| Maximum Incentive | $2.5 million per installation* |
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| 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 |
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| Equipment Standards | System must be new and in compliance with all applicable performance and safety standards. Specific equipment and installation requirements vary by technology. |
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| Carryover Provisions | Credit must be taken in five equal installments; allowable credit may not exceed 50% of a taxpayer’s state tax liability for the year, reduced by the sum of all other state tax credits. |
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| Start Date | | Expiration Date: | 12/31/2015 |
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More Information Contact:
Public Information
Department of Revenue
Post Office Box 25000
Raleigh, NC 27640-0640
Phone: (877) 252-3052
Phone 2: (877) 308-9103
Web Site: http://www.dornc.com/
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