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Title: Renewable Energy And Technology
Description: Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished.
Description: Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished.
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What is renewable energy?
Renewable energy is derived from resources that are continually available
and that do not inflict any material damage on the environment
...
The most
common type used in North Carolina is Solar (PV)
...
S
...
What are the benefits of renewable energy?
Renewable energy technologies are clean sources of energy with much lower
impacts on the environment compared to other sources
...
Renewable energy investments are spent on materials and
workmanship to build and maintain U
...
facilities rather than exporting those
dollars
...
What tax benefits are available for renewable
energy?
A given project can receive both federal and state energy credits
...
This credit is applied the year the project is placed into service, and does not
expire until 12/31/2016
...
The state only allows a reduction of up to 50% of any
tax liability in a given year; anything in excess of this is carried forward to use
in future years
...
In addition to federal and state credits, other rebates or grants are often
available
...
What are tax credits are available to
individuals?
The federal credit for a PV system is 30% (with no limit) of the project cost
...
The
related state credit is 35%; however, the state does limit this credit based
upon the technology used
...
This
state credit is taken over a 5-year period, beginning the year it is placed into
service
...
What are the tax credits available to a
company?
The federal credit is currently 30% of a project’s eligible costs
...
The state credit is 35%
of a project’s eligible costs, used over five years, and is limited to 50% of the
tax liability in any year
...
What is the cost?
Recent technology has made significant improvements in renewable energy
equipment costs and efficiency
...
6W in 2006 to $5
...
As decreases in cost are connected with
current tax credits, solar energy may be a worthwhile investment
...
These are expert professionals who understand the
necessary steps to developing a successful project
...
What is an “integrator”?
An integrator takes an active role in overseeing the development of the project
from concept to inception
...
A skilled integrator understands the myriad
complexities and considerations of a given project, including maintenance,
power estimates, regulatory codes, and permitting
...
Title: Renewable Energy And Technology
Description: Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished.
Description: Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished.