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North Carolina Renewable Energy Tax Credit

North Carolina Department of Revenue / DEQ (NCDOR)NC-RETC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

North Carolina

About This Program

Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.

Key Requirements & Eligibility

  • 1Must be a business taxpayer investing in qualifying renewable energy property in NC
  • 2Eligible: solar, wind, geothermal, biomass, combined heat and power, and efficiency
  • 3Credit: 35% of installation cost for non-residential renewable energy systems
  • 4Annual cap per taxpayer: $2.5M for non-residential; $10,500 for residential
  • 5Credits can be carried forward for up to 5 years if they exceed annual tax liability

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

Clean TechnologyEnergy ManagementAgricultureManufacturing
Official Source