North Carolina Incentives

123SolarPower provides you access to a huge network of solar power solutions and energy efficiency experts in North America. With hundreds of locations across the U.S. and Canada we offer access to the best, local renewable energy solutions for homeowners and businesses. The 123SolarPower team is dedicated to connecting you with solar panel sales, installations, and renewable energy evaluations. Together we save money and the environment. 123SolarPower maintains a state-by-state network so no matter where we have you covered for solar panels North Carolina. Whether you need pricing, installation or panels, we provide all these services from solar panels Charlotte NC to solar panels Raleigh NC, we have the Tar-Heel state covered. Especially since Charlotte is home to our very own national headquarters.

North Carolina Solar Power

North Carolina ranks eleventh in the U.S. for solar power capacity per capita. This ranking places N.C. just outside the top ten solar energy producing states in the country. In an effort to increase the use of solar power initiatives and other environmentally friendly alternative energy resources, N.C. passed a bill in 2009 that provides both businesses and residences with tax incentives as well as reimbursements.

State Tax Incentives

The North Carolina House Bill 512 is better known as the renewable energy tax credit. It defines the parameters by which residents who purchase, install, and operate a form of renewable energy for residential use may receive serious tax credits; this pertains especially to all solar panels NC. The bill dedicated to homes and other places of residency provides a tax credit worth up to 35% of solar panel sale and instillation costs. It may be based on the costs of construction, purchase, lease, and activation of the new energy source(s) during the taxable year.

N.C. residents who utilize any solar electric systems, wind energy, geothermal energy, or any other renewable energy resources stand to receive large sums in tax credits. The bill allows users to claim a maximum benefit of $10,500 per installation and operation of the aforementioned renewable energy resources in the taxable year.

To apply for these tax incentives, a resident only needs to visit the North Carolina Department of Revenue website. To claim the credits online, simply fill out form NC-478G. This form will be used to help evaluate the overall dollar amount someone will receive in tax credits. Our team is standing by to help guide you through these kinds of savings so whether it’s solar panels Wilmington NC for the sunny beaches you are interested in or solar panels Asheville NC for the curving mountains, we’ve got you covered.

Federal Tax Incentives

The federal government also provides further tax credits for the residential use of renewable energy resources. Since its introduction, the Energy Policy Act of 2005 has been expanded to include a variety of different renewable energy resources. The act currently grants a federal tax credit worth of up to 30% of the associated costs of using the renewable energy system. Applying for these credits is easy; simply file IRS form 5695 as part of your regular tax return. This form will allow you to calculate the costs associated with your renewable energy system, and you file that number on your 1040. If the credit is larger than the income tax you have due, don’t worry, any extra will be carried over to the following tax year. Estimate how much you can save with a solar power installation with our solar savings calculator.

With tax credits available at the state and federal level we encourage you to look into using solar power today. Reach out to us for a free custom evaluation of your own solar potential. We are North Carolina’s resource for solar panels Durham to Winston Salem and everywhere else.

Help for all North Carolina Residents

123SolarPower is your destination for solar energy solutions in North Carolina. Our partners carry the most advanced equipment in the industry. Installing solar panels at your home can provide a variety of benefits. To receive a free custom estimate on installation costs, and learn more about the savings available in your area to you specifically, please fill out the above form so one of our experts can create a free custom solar assessment for you. If you prefer to speak with one of our solar power experts call us at 800-294-2397 and we will be glad to connect you with a local provider.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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