This material has been prepared for informational purposes only. Greentech Renewables does not provide tax, legal, or accounting advice. Information displayed is not project-specific and will require an official written proposal by a certified installer.
South Carolina's year-round sunlight makes it an ideal state for commercial solar. There are several state-specific solar incentives that can be combined with federal incentives, which can significantly reduce solar project costs in South Carolina.
South Carolina Solar Incentives
South Carolina Tax Credit
South Carolina offers a 25% tax credit on the cost of installing a solar power system. The maximum credit is $3,500 or 50% of your state tax liability up to 10 years, whichever is less.
Property Tax Exemption
In South Carolina, businesses can get a 100% property tax exemption for solar systems 20 kW or under.
South Carolina's Net Metering Program
South Carolina's three main utility companies, Duke Energy Progress, Duke Energy Carolinas, and Dominion Energy South Carolina participate in net metering where businesses can receive utility-specific electricity credits for any excess kilowatt-hours (kWh) remaining at the end of the month.
Fill out our interest form to get connected with one of our trusted installers and find out which regional solar incentives you may qualify for!
Featured Commercial Projects in the South
Federal Incentives Available in SC
There are several federal solar incentives available to business owners in South Carolina that can be used in combination with the state's existing solar program. These combined incentives can substantially lower the cost of installing a solar system.
- Business Energy Investment Tax Credit (ITC)
The business Energy Investment Tax Credit program allows businesses to claim 30% of their solar system costs as a federal tax credit. Additional tax credits are available depending on the district.
Connect with a local installer to find out if you qualify for additional tax credits.
- Renewable Electricity Production Tax Credit (PTC)
Business owners in South Carolina may take advantage of the federal renewable electricity production tax credit (PTC). This provides an inflation-adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualifying energy sources. Projects under 1 megawatt (MW) can receive 1.5 to 2.75 cents/kWh depending on the type of facility. Projects over 1 MW will receive a base tax credit of 0.5 cents/kWh.
Keep in mind that solar project owners cannot claim both the ITC and PTC for the same property. Discuss with a solar installer to understand which tax credit incentive you should claim for your solar system.
- Modified Accelerated Cost-Recovery System (MACRS)
South Carolina business owners can take advantage of the Modified Accelerated Cost Recovery System (MACRS). This program allows business owners to recover some of the costs of solar panel installation through a five-year MACRS schedule.
- South Carolina Commercial Property-Assessed Clean Energy (C-PACE)
C-PACE is a financing program that allows approved commercial property owners to borrow money to pay for energy improvements without a large upfront cost coming out of the business' pocket.
- Rural Energy for America Program (REAP Grant)
The USDA's "Rural Energy for America Program," or “REAP,” offers a grant to cover 50% of commercial solar system costs to encourage agricultural and rural businesses to maximize their energy efficiency with solar.
This grant is only available if you own a small business in an area with less than 50,000 in total population.
Connect with a local South Carolina installer to see which incentives can contribute to your solar system.
Get Connected with an Installer!
As the premier solar equipment distribution company in the United States, Greentech Renewables goes beyond supply by connecting business owners to our vast network of trusted local installers across the South. Our installers work closely with one of our 9 Greentech Renewables locations in the South to guide you through each stage of the project from creating a custom proposal and project design to sourcing materials and installing the solar system. Fill out our interest form to get connected with the best installer for you!
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