House Bill 298—to be heard in the public utilities and energy committee Wednesday, April 24, at noon—would dismantle the state's Renewable Energy Portfolio Standard and tax credits for clean energy. Yet a new report shows that from 2007 to 2012, those and similar programs contributed $1.7 billion to North Carolina's economy. [Read the full report.]
State incentives for renewable power and efficiency, which include tax credits, totaled $72 million, according to the study conducted by RTI International and La Capra for the N.C. Sustainable Energy Association.
Governmental energy programs saved $427 million. Although ratepayers haven't saved money—or spent more—as a result of clean energy projects, within less than 15 years, the switch is expected to save $173 million.
|Counties with the greatest investments in renewable energy projects|
|Rank||County||Direct investments (millions)|
|Source: N.C. Sustainable Energy Association, which commissioned a report by RTI International and La Capra Associates|