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.
|Incentive Type:||Industry Recruitment/Support|
|Administrator:||NC Department of Revenue|
|Eligible Renewable/Other Technologies:||
|Maximum Incentive:||No limit|
|Terms:||Credit taken in equal installments over 5 years|
|Name:||N.C. Gen. Stat. Â§ 105-129.16I|
|Name:||Taxpayer Assistance - NC DOR|
|Organization:||N.C. Department of Revenue|
Post Office Box 25000
Raleigh NC 27640
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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