Solar power north carolina incentives

Are North Carolina's solar incentives a good idea?

However, North Carolina’s solar incentives can help you save even more when you go solar. For starters, all North Carolina residents are eligible for the 30% federal solar tax credit on their tax returns. NC homeowners can also benefit from statewide property tax exemptions, renewable energy financing programs and net metering.

Does North Carolina have a solar tax credit?

The North Carolina government used to offer a 35% state tax credit on solar panel installations (in addition to the federal solar tax credit). That incentive expired in December 2015, but new legislation in 2022 proposed a renewal. 11

Are solar panels a good investment in North Carolina?

Solar panel systems in North Carolina are expensive, but incentives from the state and local government can help you reduce the upfront cost. Between the federal tax credit and other state-specific incentives, you can save thousands on solar panels, making them well worth the investment.

Are solar panels tax deductible in North Carolina?

North Carolina has offered a property tax exemption for solar panels and solar thermal electric systems since 2008. These systems increase the value of your property, like any other home upgrade, but NC does not tax you for that increase.

Does North Carolina have a solar property tax exemption?

The solar property tax exemption means you don't need to pay a higher property tax for adding solar panels to your house. North Carolina doesn't have a solar sales tax exemption. If you use solar energy as a source of power, you won't ever need to pay a tax on the value your solar panels add to your property.

What is North Carolina's solar for all program?

North Carolina’s Solar for All program aims to reach low-income households in disadvantaged communities across the state providing access to solar power. Households will see an average 20 percent financial savings on their utility bill.