Sentinel Data Centers Receives North Carolina Tax Incentive Qualification
The company’s new and existing tenants will benefit from sales tax exemptions on IT and related data center equipment purchases as well as on electricity consumption.
Sentinel Data Centers has announced that its 420,000-sq-ft facility in Durham, NC, has obtained formal qualification for North Carolina’s recently passed data center tax incentive under the Data Center Infrastructure Act. As a result, Sentinel’s new and existing tenants, regardless of size, will benefit from sales tax exemptions on IT and related data center equipment purchases as well as on electricity consumption.
“This is a major milestone for our NC-1 facility,” said Todd Aaron, co-president of Sentinel Data Centers. “With all-in power rates below $0.045 per kwh, the total cost of occupancy for our tenants is now irrefutably among the lowest in the country.”