South Carolina Solar Tax Credits, Incentives, and Financing Options
South Carolina has implemented several initiatives and tax breaks to encourage homeowners to convert to renewable energy. Should you qualify, these solar incentives help save you money on your solar investment and shorten the time it takes for solar panels to pay for themselves. Some of the most popular South Carolina solar incentives are:
- Federal Solar Tax Credit: This Federal Tax Credit, also known as the Residential Clean Energy Credit, is a 30% tax write-off on the cost of your solar panels
- Solar Property Tax Exemption: Solar panels might increase the value of your home, but you won’t have to pay more on your property taxes with this SC tax credit
- South Carolina Net Metering: Net Metering policies allow homeowners to sell the excess energy from their solar panels back to the solar grid to increase their energy savings
- PACE Loans: Property Assessed Clean Energy Solar Loans give you more financing options and may cover up to 100% of your energy efficiency improvements, including solar panels
- South Carolina Energy Freedom Act: Protects your rights as a homeowner when you invest in solar panels