Solar Incentives & Rebates
Solar photovoltaics (solar panels producing electricity) promote national energy independence, high tech job creation, and the reduction of carbon dioxide emissions. The government and utility companies put incentives in place to make solar more accessible, as it benefits the entire country. Each state sees unique solar incentives, and they can be different for residential and commercial scale projects.
Federal Energy Investment Tax Credit (ITC)
This federal tax credit is available to business and home-owners in all states. It is a tax credit for 30% the total cost of your system. Learn more on the Database of State Incentives for Renewables & Efficiency (DSIRE) and from the Solar Energies Industry Association (SEIA).
South Carolina Solar Energy Tax Credit
Business and home-owners in South Carolina can qualify for a tax credit of 25% the cost of system. Learn more from South Carolina's Energy Office.
Modified Accelerated Cost-Recovery System (MACRS)
Business owners in all states can recover their solar investment costs through depreciation deductions. Solar electric systems are classified as five-year property under the MACRS.Learn more on DSIRE.
Santee Cooper Solar Rebate
Santee Cooper residential and business customers in South Carolina can apply for a $1.60/watt (up to $9,600) cash rebate. This translates to the majority of your costs, but it's on a first-come first-serve basis. SolFarm Solar Co. is also a Trade Ally with Santee Cooper. Learn more directly from Santee Cooper.
SCE&G Customer Scale Solar Program
This is a performance based incentive for SCE&G customers. The more energy your system produces, the more money you make. Residential customers can earn up to $.04/kWh produced; non-residential customers can earn up to $.22/kWh produced. That's a lot. Check out SCE&G's website for information on this program, as well as much more information on solar energy.