Buyer's Guide 2024
Solar Energy, Small Hydropower, and Geothermal Tax Credit (Personal)
Solar & Battery Regulation & Incentive Programs
Program Overview
- Category
- Financial Incentive
- Program Type
- Personal Tax Credit
- Implementing Sector
- State
- State
- South Carolina
- Eligible Storage Technologies
- Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Geothermal Heat Pumps, Hydroelectric (Small)
- Incentive Amount
- 25% of eligible costs
- Maximum Incentive
- In any given tax year a maximum of $3,500, or 50% of taxpayer's tax liability for that taxable year, whichever is less. If the amount of the credit exceeds $3,500 for each facility, the taxpayer may carry forward the excess for up to ten years.
- Equipment Requirements
- Solar-thermal systems must be certified by SRCC or a comparable entity endorsed by the S.C. Energy Office
- Carryover Provisions
- Excess credit may be carried forward up to 10 years
- Administrator
- South Carolina Department of Revenue
- Applicable Sectors
- Commercial, Residential
- Budget
- Start Date
- 01/01/2006
- Last Updated
- 03/10/2021
- Funding Source
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