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Clean Energy Worth Billions in North Carolina

economic

The latest annual update from the North Carolina Sustainable Energy Association (NCSEA) reports the total economic impact from North Carolina clean energy development over the last 12 years has surpassed $28 billion.

Key additional findings from the report include:

  • The direct investment in clean energy development in North Carolina from 2007 to 2018 totaled almost $15 billion.
  • Net new tax revenues from these renewable projects exceeded the state’s tax incentives over this period by over $200 million.
  • 14 counties, including many of North Carolina’s poorest coastal counties, each experienced more than $300 million in renewable energy investment during this period, focusing economic benefits on counties that need it most.
  • The state’s clean energy development during this period supported more than 169,000 annual full-time-equivalent jobs.

More discussion of the findings, including a link to download the full economic report, are found here.

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