NC S483

Requires the North Carolina Utilities Commission to establish inverted tiered electricity rates for residential, commercial, and industrial customers, with higher rates for increased usage to promote energy conservation and efficiency.

Creates a 40-60% statewide reduction goal in electricity consumption from 2015 levels within 10 years for residential customers, with exemptions for low-income rental families earning below 150% of federal poverty level.

Establishes the Energy Efficiency Bank to issue low-interest loans to customers for energy efficiency and renewable energy projects, with loan payments integrated into monthly utility bills and funded by pollution tax proceeds, utility revenue differences, and interest payments.

Imposes a 5% avoidable pollution tax on retailers selling energy inefficient household products that do not qualify for Energy Star labels, with proceeds directed to the Energy Efficiency Bank Fund.

Requires industrial customers to submit energy audits every three years; those operating at 90% or greater efficiency receive lower tiered rates while less efficient operations pay higher rates for excess usage.