Cape Fear Solar Systems -- Wilmington, NC

Financial Incentives

Investment Tax Credits

There has never been a better time to take an advantage of solar energy as a result of tax credits available at both the State and Federal level.

For complete details regarding all State and Federal Investment Tax Credits (ITC’s) for residential as well as commercial solar installations, please visit http://www.dsireusa.org/

Production Incentives

In addition to significant tax credits, there are also production incentives available from NC Green Power and your utility company.

Appraised Value

Investing in home improvements that result in energy savings are considered to increase the appraised value of your home by a margin of 20 to 1. That is to say that every dollar you save in yearly energy costs increases the value of your home by $20.

For more information on increasing the appraised value of your property by installing solar, please click here.

For a brief overview of the financial incentives and benefits available to residential solar energy installations, please see below:

State

35% NC State tax credit up to $10,500 for photovoltaic systems and up to $1,400 for domestic hot water and pool heating systems.

Source: North Carolina Incentives/ Policies for Renewables & Efficiency

http://www.dsireusa.org

Federal

30% Federal tax credit uncapped for photovoltaic as well as domestic hot water system.

Source: Federal Incentives/ Policies for Renewables & Efficiency

http://www.dsireusa.org

Utility

Local utilities offer their own incentives based on contract selected

Source: Progress Energy

http://www.progress-energy.com

NC Dept of Revenue

80% of the appraised value of a photovoltaic (PV) system is exempt from property tax.

Solar Water Heaters are exempt up to the amount of a conventional system.

Source: North Carolina Incentives/ Policies for Renewables & Efficiency

http://www.dsireusa.org

NC GreenPower

NC GreenPower is the first, statewide multi-utility renewable energy program in the nation. Established in 2003, this landmark program launched an opportunity for North Carolinians to voluntarily support the growth of renewable energy in North Carolina. As of 2008, NC GreenPower also offers carbon offsets to address growing concerns about the impact of greenhouse gases on the environment. For more information please visit http://www.ncgreenpower.org/



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