http://www.honeyelectricsolar.com
Serving the solar energy community of North Carolina since 1994


 

Business Tax Incentives

For more information about
business incentives for renewable energy
visit the DSIRE website:

North Carolina incentives

Federal incentives

 

DSIRE

The Database of State Incentives for
Renewables & Efficiency (DSIRE)
is a free, comprehensive, user-friendly
source of information on state, local,
utitlity, and federal incentives that
promote renewable energy
and energy efficiency.


 


Reinvestment ActTax Incentives

North Carolina’s renewable energy tax credit, which can be combined with the Federal solar tax credit, makes purchasing and installing a solar energy system more affordable now than ever.

 

North Carolina Residential Tax Incentives

Eligible solar technologies:
Solar Electric (Photovoltaic) System
Solar Water Heating
Solar Swimming Pool Heating

Tax credit amount: 35% of the installed cost.
Expenditures eligible for the tax credit include the cost of equipment and associated design, construction and installation costs less any discounts, rebates, public funding, advertising, installation assistance credits, name referral allowances or other similar reductions.

Maximum credit:
$10,500 for solar electric (photovoltaic) system
$1,400 for solar water heating
$1,400 for solar swimming pool heating

The North Carolina residential solar tax credit expires December 31, 2010.

Tax Forms:
To claim this credit use the forms featured on
the DSIRE North Carolina state incentives webpage

 

Federal Residential Solar Tax Credits

Eligible solar technologies:
Solar Electric (Photovoltaic) System
Solar Water Heating

Tax credit amount: 30% of the expenditures for purchase
and installation.

Maximum credit:
No limit for solar electric (photovoltaic) system
No limit for solar water heating
You can claim a credit for each system; that is, 30% of the eligible expenditures for the solar water heating equipment with no limit and 30% of the eligible expenditures for photovoltaic equipment with no limit.

The Federal residential solar tax credit expires January 1, 2016.

Tax Forms:
To claim this credit use the forms featured on
the DSIRE Federal incentives webpage

 

 
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We serve the solar communities of Raleigh, Durham, Chapel Hill, Cary, Pittsboro Hillsborough, Mebane, Graham, Burlington Oxford, Mount Airy, Reidsville
Greensboro, High Point, Winston-Salem Mocksville, Lexington, Troy, Vass, Lillington Wilkesboro, Moravian Falls, Yadkinville

 

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