In 2007, when the legislature passed NC Senate Bill 3, tax credits became available to both residential and corporate customers in North Carolina who were installing a renewable energy solution.

The credit covers up to 35% of the cost of solar or other renewable energy system, capped at $10,500 for residential systems and an unprecedented $2.5 million for commercial and industrial systems. Residential customers get that credit all in one year unless the total is more than 50% of their tax liability. If so, the rest of the credit is spread over 5 years. Businesses are required to take their credit over 5 years. See more about specific North Carolina tax credits here.

One really great feature of Senate Bill 3 is that you can also take a tax deduction for a donation to a non-profit organization that is working on a renewable energy project.

Waldt Renewables is the go to renewable energy solution provider for residential, commercial and institutional customers in northeastern, North Carolina. Contact us today for a customized proposal.