North Carolina Renewable Energy Tax Credit

North Carolina Renewable Energy Tax Credit Summary

(This credit is no longer available for renewable energy property placed in service on or after January 1, 2017)

  • Applicable against any income, franchise, and insurance gross premiums taxes.
  • May only offset 50% of taxpayer’s liability after considering 100% credits.
  • Excess credits carry forward for five years.
  • Credits can be purchased in one-year increments (MTC has NCDOR ruling).
  • Great for corporations or individuals subject to the AMT or regular income tax.
  • No Recapture of credits once they have been delivered to taxpayer.
Other states offering renewable energy tax credits