North Carolina has a highly-regulated electricity market where only utilities can sell power directly to consumers. This monopoly limits innovation and market competition. In recent years, legislators have passed policies that have helped increase competition and scale up the clean energy industry while expanding business opportunities, creating jobs and
Our state’s renewable energy investment tax credit and Senate Bill 3, which includes the Renewable
Energy & Energy Efficiency Portfolio Standard (REPS), passed with overwhelming bipartisan support. Maintaining these policies is a critical step to expanding our state’s clean energy economy, as well as meeting the rapidly-growing market demand by consumers for clean energy via new financing options like on-bill financing and a pilot project of “third party” sales of electricity.