There has never been a better time to install solar panels in South Carolina! These incentives won’t last forever but for those ready to act, these programs make an investment in solar an easy decision. Yes Solar Solutions is a premiere solar installer, the only solar installation company in the Carolinas accredited by the North American Board of Certified Energy Practitioners (NABCEP). Yes has installed over 600 residential and commercial systems in the last seven years, and has the track record and expertise to guide you in your solar solution, and make it simple. In addition to the information below, www.dsireusa.org is an excellent resource for information about all state, federal and utility incentives.
Federal Solar Tax Credit offers a tax credit good for 30% of the cost of your solar energy system. This credit is in addition to any state or utility programs and represents a dollar for dollar tax credit savings, not just a deduction. The 30% was recently extended through 2019 with step downs until 2022.
- 30% tax credit
- No maximum
- Can be taken over 2 years
SC State Solar Tax Credit offers a one-time incentive in the form of a 25% tax credit towards the total cost of solar panel installation. The incentive is paid out as either:
- 25% tax credit with no expiration
- 50% of the taxpayers South Carolina state tax liability, or
- $3,500 per year, whichever is less (for up to 10 years)
Duke Energy
- An upfront cash rebate equal to $1.00/watt of installed DC solar panel capacity for residential and commercial installations.
- Net-Metering at the full retail electricity rate for any excess energy produced.
- An upfront cash rebate equal to $1.00/watt of installed DC solar panel capacity for residential and commercial installations.
- Net-Metering at the full retail electricity rate for any excess energy produced.
- Net-Metering at your full retail rate
- Incentive available that pays you an additional benefit based on energy production.
- The program is designed to scale back benefits as the program grows.
Santee Cooper
Yes Solar Solutions is proud to have qualified as a Trade Ally for Santee Cooper!
- Rebate of $1.30 per watt, or $1,300 per kilowatt.
- Rebate can be applied directly to Yes Solar Solutions invoice to the customer.
- Rebates are capped at $5,200.
- Energy credit of about 3.8 cents per kWh for any excess solar power produced that is put back on the grid.
- The first 500 residential rooftop customers to sign up will receive an additional 3-cents per kWh credit for excess electricity through 2018.
- More information on energy credits on Rates.
Contact Yes Solar today for a free assessment and more information about South Carolina solar opportunities. There are a range of financing options for solar too. Or call 843-640-5999.