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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