North Carolina H729 modifies property tax exclusions for solar energy systems and restricts new utility-scale solar projects.

North Carolina H729 alters the property tax exclusion for solar energy electric systems, reducing the exclusion from 80% to 40% of the appraised value. It also prohibits the construction of new utility-scale solar facilities that are not qualifying facilities under the federal Public Utility Regulatory Policy Act (PURPA). Additionally, the bill mandates that owners of utility-scale solar projects submit a decommissioning plan and establish financial assurance by specific deadlines. These provisions apply to projects constructed before or after the bill's effective date.

North Carolina H729 modifies property tax exclusions for solar energy systems and restricts new utility-scale solar projects.

North Carolina H729 alters the property tax exclusion for solar energy electric systems, reducing the exclusion from 80% to 40% of the appraised value. It also prohibits the construction of new utility-scale solar facilities that are not qualifying facilities under the federal Public Utility Regulatory Policy Act (PURPA). Additionally, the bill mandates that owners of utility-scale solar projects submit a decommissioning plan and establish financial assurance by specific deadlines. These provisions apply to projects constructed before or after the bill's effective date.