SOUTH CAROLINA INCENTIVES
Renewable Energy Tax Credits, Rebates, & Net Metering!
SOUTH CAROLINA Solar Incentives, Rebates, & Tax Credits
The state of South Carolina offers a number of appealing incentives to residents that install a solar panel system. One of the best incentives for going solar in South Carolina is the 25% state tax credit for the total cost of solar energy system installation. These terrific incentives are a major reason why there has already been over 1,265 megawatts (MW) of solar energy installed in South Carolina.
State Tax Credit
Net Metering
Utility Solar Rebate
Federal Tax Credit
Let our experts do the work for you
In addition to the design and installation of solar energy systems, there is a great deal of paperwork involved in getting your system ready for start-up. Our Client Services team manages this process so that you can sit back and relax.
INCENTIVES FOR GOING SOLAR IN SOUTH CAROLINA
MOXIE has a Rock Hill, SC and services nearly the entire state!
SC Solar Tax Credits
South Carolina offers one of the best state solar tax credits in the nation. In addition, there is the Federal Solar Tax Credit, that all should take advantage of. Combined, these two solar tax credits will help less your cost of installing solar in South Carolina.
SC Solar Rebates
On top of the 25% South Carolina solar tax credit, there are more solar incentives you’ll be able to take advantage of when you install solar in SC.
State Tax Credit
When you go solar in South Carolina, you can essentially cut your cost by a quarter when you take advantage of the 25% solar tax credit. Even better, unlike other states, you can carry the value of the tax credit over 10 years of filing, just to ensure you get it all back regardless of how much you pay in annual taxes.
Duke Energy Solar Rebate in South Carolina
If you’re a customer of Duke Energy in South Carolina, you can take advantage of a $1.00 rebate for every Watt of solar you install for your home or business. That will add up quickly and result in some serious solar savings. Say you get a 7kW solar panel system for your home. That’s an instant $7,000 discount on your system!
Federal Solar Tax Credit (ITC)
Santee Cooper Solar Rebate
Similar to the Duke Energy rebate in SC, customers of Santee Cooper can get $1.30 back per watt of solar energy installed. However, this rebate caps at $5,200.
Net Metering
Many utility companies in South Carolina also offer Net metering which allows you to earn credits on your electric bill on days when your system produces more energy than you use. You can then use those credits on days when your system produces less than what you need (can happen in wintertime some). Duke Energy and Dominion Energy are two utility companies in South Carolina that offer net metering for solar energy.
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