South Carolina Homeowners Can Receive up t0 55% in Tax credits for going solar.
How the State Tax Credit Works
The state of South Carolina offers an additional tax credit for home and business owners who switch to solar energy. The South Carolina solar tax credit is worth 25% of the total cost including installation. The maximum incentive for the S.C. state solar tax credits is $35,000, or 50% of taxpayer’s tax liability for that taxable year, whichever is less. The maximum amount that will be paid out each year is $3,500. This credit has no expiration date and any excess credit may be carried forward up to 10 years.