March 18, 2015 press release:
Raleigh, NC – Today Senator Paul Lowe, of Forsythe County, introduced Senate Bill 329, legislation extending the renewable energy tax credit. This legislation allows individuals and companies that have constructed, purchased, or leased renewable energy property a tax credit equal to 35% of the cost of the property, during the taxable year.
“North Carolina has long been a leader in the South in the renewable energy industry, and this bill encourages continued economic development of that industry. It is not only important that we support the renewable energy industry that has blossomed in this state, but that we protect the environment as well. From the mountains to the beaches, North Carolina’s landscape has long attracted people to this state, and we must ensure that we protect our air and our drinking water for our children and future generations. This is common sense policy, and I hope that we will see bipartisan support for this legislation,” said Sen. Paul Lowe.
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