South Carolina Has the Best Solar Tax Incentives in the Southeast
South Carolina shows us what southern hospitality looks like when it comes to solar policy, and it’s just getting started. With one of the most forward-looking solar trends in the region, the future of South Carolina is looking extra bright. There’s plenty of tax credits and rebates to go around, but Sunrun can help you funnel them into solar savings from day one.
South Carolina Solar Incentives, Rebates, & Tax Credits
|Solar Savings Types
||Value of Savings
|Federal Solar Tax Credit (ITC)
||30% of the total system cost
|Solar Panel Tax Credits
||25% Tax Credit (of total system cost)
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Solar Panel Tax Credits in South Carolina
South Carolina has one of the most generous solar tax credits in the region. You can enjoy a 25% state tax credit if you buy your own solar system.1 If you don’t pay enough in taxes to qualify for the full 25% credit, it’ll roll over into the next year. But there are other ways to save that don’t involve taxes when you go solar in South Carolina.
Federal Solar Tax Credit
On top of all South Carolina’s state solar tax credits, you’d also be eligible for the 30% Federal Investment Tax Credit, or ITC, if you buy your own solar system outright. The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%.2 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans let you buy and own your own solar system with a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle. Whichever one you choose, we’ll help you take direct advantage of the South Carolina solar incentives that might be available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
Sounds pretty sweet right? But don’t take it from us—take it from the satisfied customers who have already gone solar with Sunrun. Ready to start saving? Get a free quote today.