Discover Solar in South Carolina
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Incentives in South Carolina
South Carolina Solar Power Rebates – Duke Energy Progress customers only
Duke Energy Progress provides customers a $1/watt solar rebate. This means if an average 5-kW solar system costs $20,000 to buy, it now costs $15,000. Remember each kilowatt is equal to 1,000 watts.
Federal Income Tax Credit
Receive an automatic Federal Income Tax credit of 30% of your total solar system cost when you purchase your solar energy system.
South Carolina solar Power Tax Credits
When you install a solar system you are able to claim a state tax credit of 25% of the total cost of the installed system. The maximum amount of the state tax credit in a single year is $3,500 or 50% of your state tax liability, whichever amount is less. Any portion of the unused credit can be carried forward for the next 10 years.
Here’s an example of how solar tax credits and rebates can work:
Let’s say you are a DEP customer, and purchase a 5-kW solar system for a total price of $20,000. Your federal tax credit would be valued at $6,000, your state rebate would be valued at $5,000 and your state tax credit would be valued at $5,000. After all tax credits and rebates are applied your total net cost for a 5-kW solar system would look like $4,000.
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Common Solar Benefits
Decrease in electricity cost
Protection against future utility electricity rate increases
Great return on investment
Increased home value by at least the cost of your system
Cleaner and more sustainable energy source of power
Stimulation of the State’s job growth in green technology
Stimulation within energy sectors of the State’s economy