Jul 15
Solar Panel

North Carolina Solar Incentive Programs

North Carolina offers many incentive programs to defray the costs of installing solar collection equipment. The most cost effective of these are grants and rebates, and there are a few available in North Carolina.

Summary of North Carolina Incentive Programs
Federal Tax Credit 30%
State Tax Credit 35%
Green building initiatives

North Carolina Grant and Rebates

The state of North Carolina does not offer any rebate programs, but they do have a grant program available to commercial, agricultural, and the public sectors up to $100,000.   Additionally, a number of public utility companies offer rebates of $500-$1000 for installing solar equipment.

North Carolina Tax Credits

North Carolina has a tax credit program available in the amount of 35% for both businesses and consumers.  There is also a property tax exemption, and property tax abatement for up to 80% of costs incurred for the property installed, and sales tax exemption for the equipment purchased.  There are also production incentives from $.18 to $.20 kWh for both residences and businesses.  Finally, there are numerous green building initiatives available in varying amounts.

Financing Options

There is a state loan program available at 3%, and Brunswick Electric Membership Corporation offers a loan program at 5%.  Additional lending options are available through federal government loan programs.

For additional information visit the DSIRE:Database of State Incentives for Renewables & Efficiency