2024 Incentives

South Carolina Solar Incentives,
Tax Credits, Rebates & Grants

In an effort to promote the use of solar energy, the state of South Carolina offers various incentives, tax credits, rebates, and grants to residents who install solar panels. These programs aim to make solar power more affordable and accessible to everyone.

𖤓 The South Carolina Energy Office offers a 25% state tax credit, with a maximum credit of $3,500, for the purchase and installation of solar energy systems for residential properties.

𖤓 Additionally, the Federal Investment Tax Credit offers a 26% federal tax credit for residential and commercial solar systems.

𖤓 The Palmetto Clean Energy Program provides rebates to eligible South Carolina residents who install solar photovoltaic (PV) systems. The rebate amount is based on the system size and performance.

𖤓 The South Carolina Energy Office offers grants to non-profit organizations, schools, and local governments for the installation of solar energy systems. These grants can be used to offset the costs of purchasing and installing a solar system.

Net Metering in South Carolina

In addition to the incentives mentioned above, South Carolina also offers net metering to residents with solar panels. Net metering allows residents to send excess electricity generated by their solar panels back to the grid and receive credits on their utility bill. This helps offset the cost of electricity when the solar panels are not generating enough energy to meet the homeowner’s needs.

Under South Carolina law, eligible customers with solar panels can receive credits at the retail rate for the excess electricity they send to the grid. These credits can be applied to future energy bills.

In summary, South Carolina offers a number of incentives, including tax credits, rebates, grants, and net metering, to encourage the use of solar energy. These programs make it more affordable and accessible for residents to switch to solar power and help promote a cleaner and more sustainable energy future for the state.