North Carolina ranks ninth in the U.S. for additional installed PV capacity and eleventh for cumulative installed PV capacity, according to the Interstate Renewable Energy Council’s U.S. Solar Market Trends 2010 report. ...
The NC Sustainable Energy Association attributes the growth in the PV Market, among other types of renewable energy technology to a few factors, some of which are listed below:
According to the American Institute for Economic Research, North Carolina has the second lowest manufacturing costs in the nation, coming in fourth after the three states that tied for first.
In 2007, the NC General Assembly adopted the Renewable Energy and Efficiency Portfolio Standard (REPS) as part of Senate Bill 3, which requires 12.5 percent of retail electric sales to be generated with renewable energy resources and energy efficiency by 2021.
In 2009, legislators extended our state’s 35-percent Renewable Energy Investment Tax Credit through 2016, providing additional certainty to the industry and consumers.
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