Federal and Local Tax Credit Encourage homeowners & Businesses in NC to go solar

Federal tax credit and rebate are offered in North Carolina to homeowners with solar systems installed. A federal credit of 26% for qualified expenditures is offered by the federal government to homeowners that have a solar system installed. Expenditures are treated as made when the installation of solar systems is completed. The expenditures include labor costs, assembly costs, original system installation, and piping or wiring costs. If the tax credit exceeds tax liability, the excess may be carried to the succeeding taxable year. 

Duke Energy offers North Carolina solar rebates for homeowners and businesses. Offering a savings of as much as $6,00 for an average residential solar array. The rebate is not guaranteed and differs on sight by sight biases. These rebates are offered for customers with system sizes bellow 10KWs. Nonresidential systems can receive as much as $50,000 in tax rebates. The program for homeowners offers $0.60/Watt rebate for systems up to 10KWs. Systems that average 6KWs are eligible for a rebate of $3,600. Also, rebates are available for non-residential customers, worth $.050/Watt up to $50,000 and nonprofit customers, worth $0.075/Watt up to $75,000 according to https://www.energysage.com/local-data/solar-rebates-incentives/nc/

Discussion of financial benefits dependent on individuals availability.