Solar Power Rebates, Tax Credits and Solar Panel Incentives in North Dakata; 2012 Update Federal Tax Credit
The single most significant financial incentive for your solar power system in North Dakota is the same Federal Tax Credit that applies right across the USA. This gives you a credit on your Federal Tax bill equivalent to 30% of the cost of your solar system For more information on this visit out page “The 30% federal tax credit for residential solar power systems” Because this is a tax credit you get the benefit of this when you do your next federal tax return, rather than getting a cheque on the day of installation. Still, it has a real value if you are in a position where you are paying annual federal income tax equivalent to 30% or more of the value of your solar system.
North Dakota supports net metering for solar power systems up to 100kW in size. The net metering system in North Dakota is the type that credits the solar customer for any NEG ( net excess generation of solar power) at the avoided cost rate.
North Dakota State Tax Exemptions and State Tax Credits
Solar Power systems are eligable for a state property tax exemption for a period of 5 years. Solar system owners must contact their local tax assessor or county director of tax equalization to apply for the exemption.
North Dakota Solar Incentives and investment case: Summary April 2012.
While North Dakota does have a Net Metering system it is not the best model around but there is a good chance that this could change in the near future. More needs to be done in North Dakota to encourage more people to get into solar power. The RPS (Renewables Portfolio Standard) in North Dakota is not binding on electricity producers so they wont offer better incentives until North Dakota decide to get serious and inplement a real RPS that has teeth.