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Primary Sponsor

Last Action

Ref To Com On Rules, Calendar, and Operations of the House2025-02-18

Vote Breakdown

No floor votes recorded.

Plain Language Summary

This bill reinstates North Carolina's solar energy tax credit, which had previously expired. The credit allows taxpayers who install solar equipment to claim a tax deduction equal to 35% of the equipment's cost, with different limits depending on whether the installation is for residential or business use.

Arguments in Favor

• •Supporters argue that reinstating the solar tax credit encourages renewable energy adoption and helps North Carolina transition toward cleaner energy sources.
• •They contend the credit makes solar installations more affordable for homeowners and businesses, stimulates the solar industry, creates jobs, and reduces long-term energy costs while supporting environmental goals.

Arguments Against

• •Opponents may argue that the tax credit reduces state tax revenue and primarily benefits wealthier taxpayers who can afford solar installations, raising equity concerns.
• •They may also question whether government should subsidize energy choices through tax credits rather than allowing market forces to determine energy investments, or whether the credit is the most cost-effective way to achieve renewable energy goals.