23 Feb '15, 2pm

Duke University Documents Widespread Benefits of North Carolina’s Solar Economy

Duke University Documents Widespread Benefits of North Carolina’s Solar Economy

Now a report from Duke University documents how the state’s solar industry is boosting the bottom line of companies and communities across North Carolina. The Solar Economy: Widespread Benefits for North Carolina credits state policies such as the Renewable Energy Portfolio Standard and Renewable Energy Investment Tax Credit with stimulating economic development. It highlights a recent economic impact assessment by RTI International showing that for every dollar of Investment Tax Credit redeemed by businesses, $1.93 has been returned to state and local governments. That’s a great deal for North Carolina. The report spotlights three key findings: 1. Business friendly policies are spurring solar growth. North Carolina has about the same amount of sunshine as South Carolina, Georgia, and Florida — but it's outshining its neighbors in solar investment. The reason is simple: bu...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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