South Carolina offers a few incentives for increasing the use of solar power in the state. The most cost-reducing of these is rebates. South Carolina does not offer rebates, but the local utility company does. Additional incentives are available through the federal government.
Summary of South Carolina Incentive Programs
•Federal Tax Credit 30%
•State Tax Credit 25%
•Available production tax credits
South Carolina Rebate
Progress Energy Carolinas offers the sole rebate program in the state, $1000 for the installation of a solar water heater.
South Carolina Tax Credits
The state has a tax credit program in the amount of 25% for both businesses and individuals. The maximum credit is $3,500 or 50% of the tax liability for the year, whichever is less.
Additionally, solar production equipment is sales tax exempt. Production tax credits are available from Palmetto Clean Energy (PaCE) Program in varying amounts.
Financing Options
The state loan program, named ConserFund provides loans from $25,000 to $500,000. Also, there is a zero interest lending program for customers who participate in the utilities net billing program. The federal government provides more lending options.
For additional information visit the DSIRE:Database of State Incentives for Renewables & Efficiency
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