Sundance Power
Systems, Inc.
Phone: 828.645.2080
Fax: 828.680.9798
11 Salem Hill Road
Weaverville, NC 28787
E-mail

NORTH CAROLINA FINANCIAL INCENTIVES FOR RENEWABLE ENERGY

"If consumers have been waiting for a tax credit for solar, now is the time to do it."

- Rhone Resch, Executive Director of SEIA

RESIDENTIAL TAX CREDITS:

35% NC STATE TAX CREDIT
- UP TO $10,500 FOR PV, WIND AND HYDRO ELECTRIC SYSTEMS
  ( Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year )
- UP TO $3,500 FOR ACTIVE SPACE HEATING SYSTEMS
  ( Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year )
- UP TO $1,400 FOR SOLAR WATER HEATING SYSTEMS
  ( Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year )
30% FEDERAL TAX CREDIT
- UP TO $2,000 FOR PV AND SOLAR WATER HEATING SYSTEMS
  (An individual can take both a 30% credit up to the $2,000 cap for PV and a 30% credit up to a separate $2,000 cap for a solar water heating system. Excess credit may be carried forward to succeeding tax year)

COMMERCIAL TAX CREDITS:

35% NC STATE TAX CREDIT
- UP TO $250,000 FOR COMMERCIAL PV, WIND, HYDRO, SOLAR HOT WATER AND SPACE HEATING APPLICATIONS
  (Credit is taken in five equal installments; allowable credit may not exceed 50% of a taxpayer's liability for the year)
30 % FEDERAL TAX CREDIT
- NO CAP ON AMOUNT OF CREDIT FOR COMMERCIAL PV, SOLAR HOT WATER AND SPACE HEATING APPLICATIONS
  (Excess credit may be carried forward 2 years)

Financial Analysis

Finally, consider the financial commitment necessary to create your vision, and Financial Incentives available to you.

This Link Details State Renewable Energy Tax Credits and Financial Incentives:
www.dsireusa.org