Dive Summary:

• New legislation proposed Friday to curb North Carolina’s spending on renewable energy is moving slowly, indicating a win for the state’s solar market, which is currently thriving from government incentives and the falling price of solar panels.
• The state currently offers a 35% tax credit to help cover costs of installing renewable energy systems, up to $2.5 million a project.
• North Carolina is the only state in the Southeast with renewable energy standards imposed by the government, Steve Kalland, director of the North Carolina Solar Center in N.C. reports.

From the article:

“…Current projections rank North Carolina fifth in the nation for solar energy production, with an expectation that the state will move into fourth place after 2013.

Other reports have shown that the state ranks among the highest in the country for return on investment, meaning that a dollar sunk into solar energy in North Carolina will consistently yield a sizable profit.”