North Carolina’s number-one ranking in the Southeast for solar energy investment confirms the state is a national leader in attracting clean energy companies and creating jobs. But a top ranking does not fully reflect the broad range of benefits North Carolina’s large-scale solar industry is delivering to the state's manufacturing sectors and rural communities.
Now a report from Duke University documents how the state’s solar industry is boosting the bottom line of companies and communities across North Carolina.
The Solar Economy: Widespread Benefits for North Carolina credits state policies such as the Renewable Energy Portfolio Standard and Renewable Energy Investment Tax Credit with stimulating economic development.
It highlights a recent economic impact assessment by RTI International showing that for every dollar of Investment Tax Credit redeemed by businesses, $1.93 has been returned to state and local governments. That’s a great deal for North Carolina.
The report spotlights three key findings: Read More