North Carolina Solar

Dunn Solar

SIZE: 70 MW (DC) Combined

LOCATION: Multiple

Dunn Solar

Distinguishing Features

•   High profile project adjacent to I-95, where 49,000 cars pass every day.

•   Offtake under guaranteed Progress Energy Carolinas standard offer Feed-In-Tariff.

•   Financial structure to take advantage  of 35% North Carolina investment tax credit in addition to the 30% federal tax credit.

Dunn Solar is a 2.5 MW-DC solar project located in Dunn, NC. The electricity generated from the solar arrays is purchased by Progress Energy Carolinas through standard-contract power purchase agreements. These agreements provide guaranteed offtake for the power and a fixed across-the-board energy rate for solar power. This eliminates the competitive bid process from the equation and minimizes the economic uncertainty related to renewable energy development.

North Carolina provides a favorable environment for solar energy development through a 35% state investment tax credit on the eligible costs of the project, which is in addition to the Federal Tax Credit. In addition, a large portion of the solar facility value is exempt from personal property tax.

Rose Hill Solar

Rose Hill Solar

Distinguishing Features

•   Features solar modules manufactured by Suniva Inc., a U.S. manufacturer based in Georgia

•   Developed in an unincorporated area of NC with expedited site development process.

•   Offtake under guaranteed Progress Energy Carolinas standard offer Feed-In-Tariff

•   Financial structure to take advantage  of 35% North Carolina investment tax credit in addition to the 30% federal tax credit.

Rose Hill Solar is a 2.5 MW-DC solar project located in Rose Hill, NC. The electricity generated from the solar arrays is purchased by Progress Energy Carolinas through standard-contract power purchase agreements.  These agreements  provide guaranteed  offtake for the power and a fixed across-the-board energy rate for solar power. This eliminates the competitive bid process from the equation and minimizes the economic uncertainty related to renewable energy development.

North Carolina provides a favorable environment for solar energy development through a 35% state investment tax credit on the eligible costs of the project, which is in addition to the Federal Tax Credit. In addition, a large portion of the solar facility value is exempt from personal property tax.

Franklin Solar

Franklin

Distinguishing Features

•   Design compatible with neighboring elementary school.

•   Offtake under guaranteed Progress Energy Carolinas standard offer Feed-In-Tariff

•   Financial structure to take advantage  of 35% North Carolina investment tax credit in addition to the 30% federal tax credit.

Franklin Solar is a 2.5 MW-DC solar project located in Louisburg, NC. The electricity generated  from the solar arrays is purchased by Progress Energy Carolinas through standard-contract power purchase agreements.  These agreements  provide guaranteed offtake for the power and a fixed across-the-board energy rate for solar power. This eliminates the competitive bid process from the equation and minimizes the economic uncertainty related to renewable energy development.

North Carolina provides a favorable environment for solar energy development through a 35% state investment tax credit on the eligible costs of the project, which is in addition to the Federal Tax Credit. In addition, a large portion of the solar facility value is exempt from personal property tax.