Financing & Incentives

Tax Credits & incentives

  • Federal – Business Energy Tax Credit Policy Act 2005
    • 30 % tax credit of solar equipment
    • Taken in first year or carried over
    • no maximum specified for solar technologies
  • NC Renewable Energy Corporate Tax Credit

    • 35% of project with $2.5 million per installation cap
    • Credit is taken in five equal yearly installments
    • Allowable credit may not exceed 50% of that year’s taxpayer liability
  • Accelerated 5 Year Depreciation - MACRS
    • Recover investments in BIPV Laminate Solar System (including underlying roof system) property through depreciation deductions in five years

Green Energy Incentives

  • RECs – Renewable Energy Credits (Also Solar RECs or SRECs)
    • Representation of energy used from green power
    • Shows your money went toward something you want to encourage
    • 1 REC = 1MWh = 1000kWh
  • Carbon Credits:
    • Carbon Financial Instruments (CFI)
    • Unit of measure Traded - similar to a physical commodity
    • Chicago Climate Exchange (CCX)
  • NC Green Power – Production Incentive
    • Varies by technology and customer demand for NC GreenPower
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