Federal & North Carolina
Tax Credit Information
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Why Solar Power?

Why should you use alternative power for your home or business?

How It Works

What if it is cloudy or rainy for weeks at a time? Will I still have hot water?

How to Afford Solar

Think alternative energy is out of your price range? Think again.

Fed/State Info

Learn about Federal and State tax credits for using alternative power.

Solar Savings Estimators

 

Tax credits are available for qualified solar water heating and photovoltaic systems. The credits are available for systems "placed in service" through December 31, 2008. For the most benefit of your alternative energy conversion, act now before tax credits expire. Contact Sun Stuff Energy today!

RESIDENTIAL TAX CREDITS

  • 35% NC STATE TAX CREDIT

    • UP TO $10,500 FOR PV, WIND AND HYDRO ELECTRIC SYSTEMS
      Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year

    • UP TO $3,500 FOR ACTIVE SPACE HEATING SYSTEMS
      Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year

    • UP TO $1,400 FOR SOLAR WATER HEATING SYSTEMS
      Excess credit may be carried forward five years, allowable credit not to exceed 50% of taxpayer's liability for the year

  • 30% FEDERAL TAX CREDIT

    • Solar-electric systems placed in service after 12/31/08: no maximum

    • Solar water heaters placed in service after 12/31/08: no maximum

    • Wind turbines placed in service after 12/31/08: no maximum

    • Geothermal heat pumps placed in service after 12/31/08: no maximum

    • Fuel cells: $500 per 0.5 kW

    • Equipment/Installation Requirements:
      Solar water heating property must be certified by the SRCC or a comparable entity endorsed by the state in which the system is installed. At least half the energy used to heat the dwelling's water must be from solar. Geothermal heat pumps must meet federal Energy Star requirements. Fuel cells must have electricity-only generation efficiency greater than 30%.

COMMERCIAL TAX CREDITS

  • 35% NC STATE TAX CREDIT

    • UP TO $2,500,000 FOR COMMERCIAL PV, WIND, HYDRO, SOLAR HOT WATER AND SPACE HEATING APPLICATIONS
      Credit is taken in five equal installments; allowable credit may not exceed 50% of a taxpayer's liability for the year

  • 30 % FEDERAL TAX CREDIT

    • NO CAP ON AMOUNT OF CREDIT FOR COMMERCIAL PV, SOLAR HOT WATER AND SPACE HEATING APPLICATIONS
      Excess credit may be carried forward 2 years
Additional Tax Incentive Information:
  • The Alliance to Save Energy (ASE) provides comprehensive information developed by ASE and the U.S. Department of Energy.