
Strong State Tax Credit + Federal Incentives
$1,000/yr
Avg. Annual Savings
5.1 peak hrs/day
Peak Sun Hours
7–10 years
Payback Period
$13,000–$19,000
Avg. System Cost
Overview
Investing in a solar panel system is not cheap — but if you're in the right location with lots of sunshine, it can pay off big time in the long run, providing you with thousands of dollars in savings on energy bills over the next couple of decades.
And with South Carolina solar tax credits and rebates, that investment becomes even more affordable. South Carolina is one of the few states with a dedicated state income tax credit for solar, stacking on top of the federal incentive.
Benefits
South Carolina homeowners save an average of $1,000/yr after going solar.
Deduct 30% of your total system cost from your federal income taxes.
Solar panels increase your home's resale value — and are excluded from property tax in most states.
Lock in your electricity rate and protect against rising utility costs for 25+ years.
Available Incentives
South Carolina offers a 25% state income tax credit on the cost of your solar system, up to $3,500 per year (or 50% of your tax liability). Unused credits can carry forward for up to 10 years.
SC utilities are required to offer net metering. Excess solar energy is credited at the full retail rate, maximizing your savings.
The added value of solar panels is excluded from your property tax assessment in South Carolina.
Stack the federal 30% ITC on top of the SC state credit for combined savings of up to 55% of your system cost.
Common Questions
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