Last year, the North Carolina state solar tax credit ended because there was not enough legislative support to extend the credits. Currently, there still is a federal investment tax credit of 30 percent (ITC) for solar systems on residential and commercial properties.
State and federal laws surrounding solar energy have an impact on the benefits of owning solar panels. Net metering and the Renewable Energy and Energy Efficiency Portfolio Standard (REPS) laws are constantly under attack. We at NC Solar Now are continuing to keep an eye on the current legislation with help from the North Carolina Sustainable Energy Association.
If you’d like to get involved with the solar energy industry, we encourage you to support the North Carolina Sustainable Energy Association (NCSEA), a non-profit dedicated to keeping North Carolina at the foreground of the solar industry. The NCSEA works directly with legislators to ensure they have the most current information about the clean energy industry’s impact on North Carolina.
To help keep you up to date on these important issues, we’ve collected articles on pending legislation below. We will keep this page updated with the most recent news, so that you can get the most value from your solar system.
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North Carolina is now home to a $7 billion clean energy industry with nearly 26,000 jobs found in every region of our state. These innovative advancements have made our state healthier and more secure, with a stronger economy and new sources of tax revenues for our state and local government tax bases, while being a better steward of our land and air. Electricity customers have also begun to see lower monthly bills due to our utilities’ energy portfolio including more renewable energy resources and energy efficiency solutions versus if we abandoned our existing suite of energy policies. Data and independent analyses prove that North Carolina and her citizens are benefiting from and are better off with clean energy.
The NC Sustainable Energy Association (NCSEA) strives to assist policymakers in understanding how existing energy policies have made North Carolinians better off and how deliberate policymaking can optimize delivery of these benefits to North Carolinians over the next decade and beyond.
Within North Carolina’s highly-regulated, monopoly controlled electricity market, an existing suite of energy policies allows limited market competition which is attracting investment, driving business opportunities and creating jobs in renewable energy and energy efficiency – all at a savings to ratepayers.
Specifically, NCSEA will work with policymakers in 2016 to:
- Seek energy policy certainty to ensure stable business signals are sent to customers and investors who expect access to clean energy
- Facilitate optimal deployment of emerging renewable energy technologies and energy efficiency solutions
- Ensure that all North Carolinians continue to benefit from clean energy development
To achieve these outcomes, NCSEA will work to:
- Maintain the Renewable Energy and Energy Efficiency Portfolio Standard (REPS) law
- Maintain net metering
- Support a path for customer-sited clean energy technologies to become least cost resources
We also stand ready to discuss and educate decision makers on the following topics related to clean energy: energy storage, consumer options and access to electricity data, utility business model and rate design, intelligent grid infrastructure, electric transportation; current use, cost and value of clean energy; employment, economic and rate impacts of clean energy.
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