North Carolina Energy Efficiency Policies
North Carolina relies on several key policies that support home energy efficiency and offer incentives for residents, businesses, and utilities to participate. Click here for a summary of NC EE policies from ACEEE.
Key policies include:
Renewable Energy & Energy Efficiency Portfolio Standard (REPS):
Requires NC’s utilities to generate increasing percentages of electricity from renewable and energy efficiency resources over time (e.g. 3% in 2012 to 12.5% in 2021 for Duke Energy). This policy allows limited market competition and increased customer choice within North Carolina’s highly-regulated, monopoly-controlled electricity market.
Renewable Energy Investment Tax Credit (REITC):
This tax credit provides state incentives to consumers and businesses seeking to purchase renewable and clean energy products and services of 21 different types including geothermal heating and air. Over $2.6B has been directly invested in renewable energy projects between 2007 and 2014 in all 100 counties of North Carolina, leading to an economic impact of over $4.7B.
Property Assessed Clean Energy (PACE) Financing:
This innovative financing mechanism allows residents and businesses to more easily afford renewable and energy efficiency projects for their homes and buildings by adding the “loan” amount on their property tax bill, which can be transferred to future home or building owners.
Residential and Commercial Building Energy Conservation Codes:
NC residents and businesses will save $490M in energy costs by 2030 through energy efficiency measures mandated in the state’s residential and commercial building energy conservation codes.
Learn more about NC’s building and energy codes from these resources:
Federal Energy Efficiency Policies
Many energy efficiency policies are in place at the federal level that encourage residents, businesses, utilities and others to participate in growing energy efficiency markets.
For the most up-to-date information on federal policies, we recommend visiting these websites: