North Carolina to Reduce Consumption of Petroleum by 20% in 2010

September 29, 2005

The North Carolina Governor Mike Easley signed Senate Bill S-1149 on September 20 that creates a system of credits that will enable the North Carolina State Energy Office to generate funds for use of alternative fuels projects. The sales involve excess credits that the state has obtained from complying with the Energy Policy Act (EPAct) of 1992. Read the bill.

The bill also extends the state's property tax credit for renewable energy equipment until 2011. The Database of State Incentives for Renewable Energy (DSIRE) publishes a complete list of North Carolina's incentives for renewable energy.

Earlier this summer, the North Carolina Legislature passed a budget provision that directs state agencies that operate fleets of vehicles to reduce their overall consumption of petroleum by 20% in 2010. State agencies can achieve this reduction by use of alternative fuels, hybrid electric vehicles, or additional methods approved by the energy office.

Source: September 28 edition of Renewable Energy Access.