Federal, State and Local Incentives Drastically Decrease The Cost of Going Solar
The landscape for solar incentives and energy efficiency incentives is varied and ever changing; each state, county, and township have their own programs and qualification guidelines. Find your state below to see which grants, incentives, and tax credits you may qualify for:
ReNu Energy can help you navigate these solar incentives so that you can determine how to get the most for your investment.
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.