You’ve probably already heard plenty about the 30% Federal Solar Tax Credit. With it, you can get 30% of the total cost of your solar panels back in tax credits. And if you happen to live in South Carolina, there’s yet another big incentive available to you- the South Carolina Tax Credit. With both of these programs available, you could receive 55% of the total cost of your solar panels back in tax credits.
The South Carolina Tax Credit is available for those who want to install a renewable energy system- including solar panel systems. How much is the credit amount, you may be asking? 25% of the total cost of your solar panels. That means that you get a 25% discount when you decide to purchase solar panels using the South Carolina Tax Credit. So if your solar panels cost you $12,000, you’d get $3,000 back in tax credits. That lowers your cost to just $9,000.
The South Carolina Tax Credit is a fantastic help for people who want to go green with solar energy. And the best part is that you can use the South Carolina Tax Credit in conjunction with the 30% Federal Solar Tax Credit. With both of these incentives, you get 55% off of the cost of your solar panels in the form of a tax credit. If we look at the example cost of $12,000 again, this means that with both of these incentives, you’ll only be paying $5,400.
Sunpro ensures your solar system will meet all of the state solar incentive requirements:
- The system must be inspected and approved by an appropriate entity to qualify.
- An inspection performed by a utility company for interconnection will also be accepted.
- The system must have all applicable permits and final inspections approved by the building code enforcement authority.
- The system must meet all current safety standards and requirements.
- The owner must complete and submit all required documentation, including the State Certification for PV Systems document.
Our Sunpro Solar experts can help you understand all the ins and outs of the South Carolina Tax Credit, and make sure you take advantage of every incentive available. We will guide you through the process and handle any and all permitting on your behalf so you can go solar without any stress.
So if you live in the Palmetto State and you want solar panels for a good deal, be sure to take advantage of the South Carolina Tax Credit, and the Federal Tax Credit. If you have any questions, don’t hesitate to call us at Sunpro Solar. We’re here to make going green easy.