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Since 2007, North Carolina has championed renewable energy through the Renewable Energy and Energy Efficiency Portfolio Standard (REPS). Ranked fourth in the nation for installed electric capacities in 2022, the state offers substantial incentives to encourage solar adoption. Homeowners can benefit from the State Property Tax Exemption, which exempts photovoltaic systems from taxes if not used for business purposes. Low-interest loans from the Department of Agriculture and the Duke Energy Solar Rebate Program provide further financial support, offering rebates up to $75,000 for nonprofit customers. Additionally, the Federal Solar Tax Credit allows homeowners to claim 30% of their total solar system cost as a federal tax credit. Net metering policies further reduce electrical bills by crediting surplus energy. With these North Carolina solar incentives, transitioning to solar energy is both affordable and beneficial, ensuring long-term savings and environmental benefits.
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