Renewable Energy Equipment Manufacturer Tax Credit (North Carolina)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place North Carolina

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
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount 25%







Start Date 2011-01-01
Expiration Date 2013-12-31






Maximum Incentive No limit









Terms Credit taken in equal installments over 5 years
Program Administrator NC Department of Revenue

Date added to DSIRE 2010-08-05
Last DSIRE Review 2014-09-11



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


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.


Incentive Contact

Contact Name Taxpayer Assistance - NC DOR
Department N.C. Department of Revenue

Address Post Office Box 25000

Place Raleigh, North Carolina
Zip/Postal Code 27640
Phone (877) 252-3052



Website http://www.dor.state.nc.us
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: N.C. Gen. Stat. § 105-129.16I
Date Effective 2011-01-01
Date Enacted 2010-08-02
Expiration Date 2013-12-31


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"