$2.5M
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
State income tax credit for businesses and individuals installing solar energy, wind energy, and combined heat and power systems in North Carolina. Credit equals 35% of the cost of the system, which can be carried forward up to 5 years if it exceeds tax liability.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.System must be installed at a North Carolina property
2.Eligible: solar PV, solar thermal, wind, geothermal, CHP
3.Credit: 35% of installed cost
4.Nonrefundable; carry forward up to 5 years
5.Commercial solar cap: $2.5 million per installation
NCDOR · North Carolina
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.
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