North Carolina Solar Market Update

Karbone Market Research Briefs

The current installed capacity according to North Carolina Renewable Energy Tracking System is 236 MW of solar PV and is forecast to reach 285 MW by year-end 2013. This capacity could generate 250,000 solar RECs in 2013, already surpassing the NC 2018 RPS solar target of 0.2%. Additionally, a 100 MW project in Duplin County is planned for construction in 2014, making it one of the largest solar farms to be built on the East Coast. According to SNL Financial, there are an estimated 800 MW or more of solar projects in advanced development or under construction in NC.