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.
|Solar Savings Types||Value of Savings|
|Federal Solar Tax Credit||26% of the final cost of the solar system|
|Solar Panel Tax Credits||25% 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.
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.
In addition to South Carolina’s state solar tax credits, you’d also be eligible for the 30% federal solar tax credit, if you buy your own solar system outright. The federal solar tax credit gives you a dollar-for-dollar reduction against your federal income tax. The 30% tax credit applies as long as the home solar system is installed by December 31, 2019. Starting in 2020, the value of the tax credit will step down to 26%, and then again to 22% in 2021. After 2021, the tax credit for residential solar ends.
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.