Federal Incentives & Rebates
The federal ITC is available to business and home-owners in all states. It is a tax credit for 30% the total cost of your system. Available in full until the end of 2019, in the following years the ITC will be reduced: 2020 reduced to 26%, 2021 reduced to 22%, and by 2022 the tax credit will be unavailable to home solar installations but a 10% ITC will remain for commercial projects.Learn more on the Database of State Incentives for Renewables & Efficiency (DSIRE) and from the Solar Energies Industry Association (SEIA).
Residential customers - Eligible for a rebate up to 60 cents per watt for energy systems 10 kW or less. This results to a savings of up to $6,000 off of your PV system installation.
Non-residential customers - Eligible for 50 cents per watt for systems up to 100kW in size resulting in a savings up to $50,000.
Not-for-profit customers - Eligible for an enhanced rebate of 75 cents per watt on systems up to 100kW in size resulting in a savings up to $75,000.
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Business and homeowners in South Carolina can qualify for a tax credit of 25% of the total system cost. Tax credits, if unused, can roll forward for a total of 10 years. The SC tax credit is in addition to the federal tax credit. With a total sum of 55% in tax credits, SC is rapidly increasing its solar energy capacity. Learn more from South Carolina's Energy Office.