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