State Renewable Energy Tax Credits
Renewable energy tax credits are some of the most highly effective state credits in the United States, especially in North Carolina.
Effectiveness may depend on the existence of a renewable portfolio standard for utilities operating in the state.
Credits are based either on the cost of the eligible project or as a function of the energy produced by the project.
Federal credits have a 5-year recapture period while state credits, may only lose credits prospectively if a recapture event were to occur.
Many states have energy credits for both home and commercial rooftop installations as well as utility scale projects.