Renewable Energy Equipment Manufacturer Tax Credit

NC Industry Recruitment/Support commercial industrial

Administered by: NC Department of Revenue

Program Details

Program ID: 4280
Effective Date: 1/1/2011
Expiration Date: 12/31/2013
Last Updated: 7/14/2021

Eligibility

Eligible Sectors

commercial industrial

Eligible 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

Program 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.

Contact & Resources

Please verify current program details with the administering agency before making any financial decisions.