Amends GS 105-275(45) concerning the property tax exclusion for solar energy electric systems to 40% of the appraised value of the system (was, 80%). Effective July 1, 2025, and applies to taxes imposed for taxable years beginning on or after that date.

Amends GS 62-110.1 by adding subsection (a1), which prohibits the NC Utilities Commission from issuing a certificate of public convenience and necessity for a utility-scale solar project, as defined in GS 130A-309.240(a)(6), that is not a qualifying small power production facility under the federal Public Utility Regulatory Policy Act, as defined in 18 CFR § 292.203(a), unless the project is to be sited on property meeting any of the listed criteria. This section is effective when it becomes law and applies to applications for a certificate of public convenience and necessity for a utility-scale solar project received on or after that date.

Amends Section 4 of SL 2023-58 pertaining to an exception of Section 2(a)’s efficacy date: the requirements for submitting a decommissioning plan and financial assurance become effective December 1, 2026 (was, November 1, 2025) and applies to utility-scale solar projects constructed prior to or after that date (was, applicable to any utility-scale solar projects (1) with applications for certificates of public convenience and necessity either pending or submitted on or after the effective date of the act; or (2) generating solar energy or interconnected to a transmission facility on the date the act becomes effective if the project is rebuilt or expanded after the effective date of the act). Requires owner of a utility-scale solar project to submit a decommissioning plan and establish financial assurance by December 1, 2026 (was, November 1, 2025, or before construction if constructed after that date and before a rebuild or expansion).