Renewable Energy Equipment Manufacturer Tax Credit (North Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Renewable Energy Equipment Manufacturer Tax Credit|
|Incentive Type||Industry Recruitment/Support|
|Applicable Sector||Commercial, Industrial|
|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, Solar Pool Heating, Daylighting, Anaerobic Digestion, Ethanol, Methanol, Biodiesel|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive||No limit|
|Terms||Credit taken in equal installments over 5 years|
|Program Administrator||NC Department of Revenue|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Taxpayer Assistance - NC DOR|
|Department||N.C. Department of Revenue|
|Address||Post Office Box 25000|
|Place||Raleigh, North Carolina|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||N.C. Gen. Stat. § 105-129.16I|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.