North Carolina Commercial
Solar Incentives
The Basics
The State of North Carolina offers incentives to assist you in the purchase of a PV array. North Carolina offers a 35% State Tax Credit taken in five equal installments. The Federal Government offers a 30% Grant in 2011. Your system is also eligible for a 5 year accelerated MACRS depreciation.
Net metering is the norm in NC, and sale of your RECs through NC Green Power can provide thousands more a year. Net metering means that your power bill is being credited for every kilowatt hour (kWh) that your PV array produces. NC Green Power purchases your Renewable Energy Credits at a negotiated rate.
Please consult your Tax Advisor.
North Carolina
| Cost Calculations | ###### | 100kW |
| System cost, fully installed | ###### | $500,500 |
| Local Sales Tax | ###### | $35,200 |
| State Tax Credit 35% | ###### | -$187,400 |
| Federal 30% Tax Credit | ###### | -$160,697 |
| MACRS Depreciation | ###### | -$177,500 |
| Annual Power Bill Credit* | ###### | -$7,100 |
| NC Green Power Payment* | ###### | -$16,000 |
| Net cost after incentives | ###### | $10,103 |
*Estimated. Pricing subject to change.
United Renewable Energy Provides
In-house turnkey installation overseen by NABCEP
Highest quality and reliable equipment.
Custom systems engineered with professional care.
Free consulting on incentives.
We know solar in North Carolina.
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