Tax incentives drastically decrease the cost of solar
The landscape for solar incentives is varied and ever changing; states, counties, and towns have their own programs and qualification guidelines. Renu Energy can help you navigate these solar incentives so that you can determine how to get the most for your investment.
Federal Tax Incentives
30% Federal Tax Credit Applies to All Solar Products including installation costs
South Carolina Tax Incentives
Corporate/Personal Tax Credit
Applicable to solar hot water and photovoltaics for the following eligible sectors:
Commercial and residential, and is worth 25% of eligible costs with a maximum in any given tax year of $3,500, or 50% of the taxpayer’s tax liability for the year (whichever is less).
Performance Based Tax Credit
Applicable to solar hot water and photovoltaics for the following eligible sectors: commercial, residential, nonprofit, local government, state government, and federal government. Solar RECs are worth $20/MWh and are available to systems which produce a minimum of 35 RECs and no more than 250RECs per year.
Solar for Agriculture
Do you have a working farm? Refer to this page of our website for further details about agricultural solar