TWO NC COUNTIES SEEK REPEAL OF PROPERTY TAX BREAK FOR SOLAR FARMS

In order to promote renewable energy development, the NC legislature passed various incentives for the development of solar energy. One of these was NCGS Section 105-275(45), which provides that 80% of the appraised value of a solar energy electric system shall be excluded from taxation. Recently, as reported in The Outer Banks Voice, Chowan and Currituck counties are collaborating on an appeal to the General Assembly to repeal this solar energy exclusion.

Solar farms have been rapidly developing in North Carolina in the last few years. Reports have North Carolina as one of the top states for solar farm development. The northeastern corner of North Carolina has seen a number of large-scale solar farm developments. According to the article, the issue of the solar farm exclusion has been discussed among county managers of all the counties in northeastern North Carolina. Both counties' resolutions state that the community hosting a solar energy system should receive the full benefit of the developments, "particularly since solar energy electric systems reduce open space and useable farmland and generate visual and other impacts unwelcome to property owners adjacent to solar energy systems."

Stay tuned to see if the General Assembly hears the counties' plea.