North Carolina Renewable Energy Tax Credits

NORTH CAROLINA

Characteristics of North Carolina Solar Credits:
  • Subject to a $2.5 million cap per installation.
  • Can only be used to offset 50% of a N.C. taxpayer’s corporate or individual income tax liability. The 50% limitation is taken into account after the application of all 100% credits.
  • Partnership allocations are based on distributive shares determined by state statutes and I.R.C. Sections 702 and 704.
  • Five-year carry forward of unused credits.
Credit Benefits:
  • May be bifurcated from federal credits through a capital lease structure and allocated solely to taxpayers desiring only NC tax credits.
  • Can be allocated to different investors each year, as they accrue over a five-year period.
  • No formal recapture provisions. Once the credit has been calculated and earned, the investor cannot lose them in successive years.
North Carolina State Statute
North Carolina State Rulings & Regulations
North Carolina Renewable Energy Tax Credits Fact Sheet
FAQs About North Carolina Renewable Energy Tax Credits

FEATURED PROJECTS

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TOTAL Projects

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SYNDICATED Tax Credits

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ENERGY Production

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AFFORDABLE HOUSING Units Created