SOLAR MAKES THE OLD NORTH STATE GREEN
Why go solar in North Carolina
We aren’t surprised that North Carolina is becoming a popular state for solar. Legislation is offering new policies and incentives in favor of solar energy, including competitive rebates. There are many reasons homeowners are going solar in the Old North State, but saving money and the environment are top of the list.
Solar incentives in North Carolina**
North Carolina homeowners can take advantage of the Renewable Energy Systems Sales Tax Exemption which exempts 80% of the appraised value of your system from property tax. Duke Energy and Dominion Energy currently offer net metering to eligible customers. Duke Energy has a competitive rebate program. Although it has reached capacity for 2021, it is expected to return in 2022.
North Carolina homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*Offset requires matching energy usage to the solar system’s output.
**This information is current as of May 5, 2021 and figures are only an approximation. We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
***Customers are encouraged to check with their local utility providers for the most up to date and accurate information regarding solar incentives and programs available.
****You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.