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Solar Tax Incentives

Federal Tax Incentives

Start Date: 1/1/2008
End Date: 12/31/2021

Federal Government tax credit

Rebate Amount: 30%

Personal Tax Credit

Rebate Amount: 30%

A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer.

Solar-electric property

  • There is no maximum credit for systems placed in service after 2008.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Solar water-heating property

  • There is no maximum credit for systems placed in service after 2008.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.

 




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South Carolina Tax Incentives

Start Date: 7/1/2009
End Date: 12/31/2020

State: North Carolina

Program Type: Personal Tax Credit

Rebate Amount: 25%

South Carolina offers a tax credit equal to 25% of the cost of eligible renewable energy property constructed, purchased or leased by a taxpayer and placed into service in South Carolina during the taxable year.

There is no max for South Carolina in terms of entire system cost, however there is a cap per year of $3500 with 10 years to claim entire amount.

Eligible Products: Solar PV, Solar Thermal Hot Water.


We make no guarantees you will qualify for these tax incentives. They are based on your personal tax liability on each given year. Consult your tax professional regarding your own tax situation if you are unsure on your liability. Note the tax credits although recently extended to December 31, 2021 could be subject to change.


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