What Tax Incentives Are Available

  • State and Federal Tax Credits are available totaling 55% of the total installed cost (all system components plus installation) of the system.
  • The Federal tax incentive equals 30% of the installed cost. This tax credit was recently extended through 2016. Excess credit may be carried forward to succeeding tax year.
  • The SC state tax credit is equal to 25% of the installed cost. The maximum incentive for the state tax credit is $3,500, or 50% of taxpayer’s tax liability for that taxable year, whichever is less. This credit has no expiration date and any excess credit may be carried forward up to 10 years.

For more information about these tax credits you can visit the Database of State Incentives for Renewables & Efficiency website…

Federal Incentives for Renewables and Efficiency

South Carolina Incentives for Renewables and Efficiency