SC Solar Tax Credit
One of the most significant incentives offered in South Carolina is the state's Solar Tax Credit. This tax credit allows residents and businesses to claim a credit of 25% of the cost of their solar power system on their state taxes. The maximum credit available is $3,500 for residential systems and $10,500 for commercial systems. This tax credit is available for systems installed on or after January 1, 2018, and can be claimed for systems installed through December 31, 2022.
South Carolina Solar Energy Grant Program
Another incentive offered in South Carolina is the Solar Energy Grant Program. This program provides grants to residential and commercial property owners who install solar power systems. The grants are provided on a first-come, first-served basis and are limited to $3,500 for residential systems and $10,500 for commercial systems. The program is administered by the Office of Regulatory Staff and is open to any property owner in South Carolina who has installed a solar power system on or after January 1, 2018.
Local SC Solar Incentives
In addition to these state-level incentives, South Carolina also offers a variety of local incentives. For example, the City of Columbia offers a Solar Rebate Program which provides rebates of up to $1,000 for residents who install solar power systems. The City of Charleston also offers a similar program which provides rebates of up to $1,500 for residents who install solar power systems. These local incentives are designed to encourage residents to invest in solar power systems and help make the transition to renewable energy more affordable.
South Carolina Net Metering Program
The state of South Carolina also offers Net Metering which allows customers with solar power systems to receive credit on their utility bill for any excess electricity they generate and feed back into the grid. This means that homeowners with solar power systems can earn credits on their utility bill for any extra electricity they generate, which can be used to offset the cost of electricity they use from the grid. This program is available to any customer with a solar power system that is connected to the grid.
Get Start With Solar In South Carolina Today!
Overall, South Carolina has a wide range of solar incentives available to residents and businesses, making it more affordable for them to invest in solar power systems. These incentives include tax credits, grants, and rebates, and are designed to encourage the use of renewable energy in the state. The state's Solar Tax Credit, Solar Energy Grant Program, and Net Metering program are among the most significant incentives offered and can help offset the cost of installing a solar power system.
In addition, the state's local incentives offered by the cities of Columbia and Charleston are also great options for residents who are looking to install solar power systems. These incentives are designed to make the transition to renewable energy more affordable and accessible to residents, encouraging them to invest in solar power systems and help reduce their carbon footprint.
With the growing demand for renewable energy, South Carolina is making a significant effort to promote the use of solar energy. The state's solar incentives are a great way for residents and businesses to save money on their energy bills and reduce their carbon footprint. The state's Solar Tax Credit, Solar Energy Grant Program, and Net Metering program are among the most significant incentives offered, making it more affordable for residents and businesses to invest in solar power systems. With these incentives, the state of South Carolina is making a significant effort to promote the use of renewable energy and help reduce the state's carbon footprint.
