North Carolina lawmakers did not extend the state’s renewable energy tax credit in the budget they passed last week. The tax credit is set to expire at the end of this year. The Senate made revisions to the budget before it was passed, including cutting out a two-year extension of the renewable energy tax credit. The budget is now awaiting the governor’s approval.
The North Carolina Sustainable Energy Association had expressed concerns about that possibility before the budget was passed, saying losing the 35 percent investment tax credit would be squandering “one of our state’s greatest economic opportunities of this decade and the next.”