Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a business taxpayer investing in qualifying renewable energy property in NC
2.Eligible: solar, wind, geothermal, biomass, combined heat and power, and efficiency
3.Credit: 35% of installation cost for non-residential renewable energy systems
4.Annual cap per taxpayer: $2.5M for non-residential; $10,500 for residential
5.Credits can be carried forward for up to 5 years if they exceed annual tax liability
DOE · United States
30% investment tax credit for qualifying advanced energy manufacturing projects, including EV components, solar and wind equipment, energy storage, and grid infrastructure. Part of the Inflation Reduction Act's $10 billion allocation to reindustrialize domestic clean energy supply chains.
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
ADOR · Arizona
State income tax credit for businesses conducting qualifying R&D activities in Arizona. Credit equals 24% of the first $2.5 million in qualifying expenses and 15% above that threshold, mirroring the federal R&D credit structure.