Renewable Energy Equipment Manufacturer Tax Credit

July 14, 2021

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.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	North Carolina
Incentive Type:	Industry Recruitment/Support
Web Site:
Administrator:	NC Department of Revenue
Start Date:	1/1/2011
Eligible Renewable/Other Technologies:	Solar - Passive Solar Water Heat Solar Space Heat Solar Thermal Electric Solar Thermal Process Heat Solar Photovoltaics Wind (All) Biomass Hydroelectric Geothermal Heat Pumps Combined Heat & Power Landfill Gas Daylighting Solar Pool Heating Wind (Small) Geothermal Direct-Use Anaerobic Digestion
Incentive Amount:	25%
Maximum Incentive:	No limit
Terms:	Credit taken in equal installments over 5 years

Authorities

Name:	N.C. Gen. Stat. Â§ 105-129.16I
Date Enacted:	8/2/2010
Effective Date:	1/1/2011
Expiration Date:	12/31/2013

Contact

Name:	Taxpayer Assistance - NC DOR
Organization:	N.C. Department of Revenue
Address:	Post Office Box 25000 Raleigh NC 27640
Phone:	(877) 252-3052

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.