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North Carolina offers a variety of incentives in 2024 to encourage the adoption of solar energy, making it one of the best states for solar investments. Homeowners can benefit from the federal Investment Tax Credit (ITC), which allows for a 30% deduction of the total solar installation cost from federal taxes. Additionally, North Carolina provides a property tax exemption for solar installations, ensuring that the added value from a solar system does not increase property taxes.
Net metering is another significant incentive in North Carolina, enabling homeowners to sell excess energy generated by their solar panels back to the grid in exchange for credits on their electricity bills. These incentives, combined with the state's abundant sunlight, make solar energy a cost-effective and attractive option for North Carolinians in 2024.
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