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Renewable Energy Equipment Manufacturer Tax Credit

Eligibility 
Commercial
Industrial
Savings Category 
Photovoltaics
Solar Water Heat
Maximum Rebate 

No limit

Program Info
Start Date 

1/1/2011

State 
North Carolina
Program Type 
Industry Recruitment/Support
Rebate Amount 

25%

Provider 
N.C. Department of Revenue

[http://www.ncga.state.nc.us/Sessions/2009/Bills/House/PDF/H1829v7.pdf 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.