Lumbee River EMC (LREMC) offers rebates to builders who construct single-family Energy Star Homes in the LREMC service territory. Energy Star homes are able to provide greater comfort, efficiency, and satisfaction to homeowners. A builder rebate of $350 or a free marathon water heater is available for certified homes. Homes must be certified by an independent Home Energy Rater. The structure and equipment must meet all Energy Star Home program requirements. Contact LREMC for more guidelines and program information.
To encourage sustainable building practices, North Carolina law allows all counties and cities to provide reductions or partial rebates for building permit fees. To qualify for a fee reduction, buildings must meet guidelines established by the Leadership in Energy and Environmental Design (LEED) program, the Green Globes program, or another recognized certification program.
North Carolina enacted legislation ([http://www.ncleg.net/Sessions/2009/Bills/House/PDF/H1389v7.pdf H.B. 1389]) in August 2009 that authorizes cities and counties to establish revolving loan programs to finance renewable energy and energy efficiency projects that are permanently affixed to residential, commercial or other real property. A revolving loan program generally refers to a loan fund, where the loan repayments and interest are fed back into the fund.
'''''Note: The Federal Housing Financing Agency (FHFA) issued a [http://www.fhfa.gov/webfiles/15884/PACESTMT7610.pdf statement] in July 2010 concerning the senior lien status associated with most PACE programs. In response to the FHFA statement, most local PACE programs have been suspended until further clarification is provided. '''''
Lincoln county is providing an incentive for the construction of certified green buildings in the commercial and industrial sector. Only newly constructed buildings are eligible, and they must have a minimum tax assessed value of $2,000,000. The county has chosen the Leadership in Energy and Environmental Design (LEED) green building rating system as the standard for the program, but may accept projects on a case-by-case basis that are certified through a functionally equivalent certification standard adopted by a functionally similar certification body.
Jones-Onslow Electric Membership Corporation offers rebates to residential members who install energy efficient heating and cooling equipment. Members can replace an existing central AC or heat pump, which does not have a SEER rating greater than 13, with a central AC, heat pump, or geothermal heat pump. Rebates can vary depending on SEER rating of new equipment. New homes cannot qualify for this rebate.
The Job Maintenance and Capital Development Fund provides annual grants to businesses which are located in Development Tier I counties. The Fund is intended to encourage the retention of significant numbers of high-paying, high-quality job and large-scale capital investments. Grants may be made for a term of up to ten years. The business must have at least 2000 employees and invest $200 million in capital improvements.
The Job Development Investment Grant awards cash grants to new and expanding businesses that will provide economic benefit to that state. Grants are based on job creation and investment commitment and measured against a percentage of withholding taxes paid by new employees. The program requires that the proposed project meet the following five criteria: result in net increase in employment; increase opportunities for employment; consistency with the economic development goals of the state; competitive with another state; and grant must be necessary for project completion.
The Industrial Development Fund provides financing grants and loans through designated municipalities and counties to assist in infrastructure improvements for targeted industrial projects. The local government reserves the funds and proposed projects are eligible for grants, but the local government must match the state funding 3:1. Project owners must demonstrate a commitment to generating jobs and present a business plan.