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.
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