Solar Energy and Small Hydropower Tax Credit (Personal)

Solar Energy and Small Hydropower Tax Credit (Personal);
State: South Carolina

  • Incentive Type: Personal Tax Credit
  • Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Solar Cooling, Daylighting, Small Hydroelectric
  • Applicable Sectors: Commercial, Residential
  • Amount: 25% of eligible costs for 2010; was 30% in 2009
  • Maximum Incenative:In any given tax year $3,500, or 50% of taxpayer’s tax liability for that taxable year, whichever is less
  • Equipment Requirements: Solar-thermal systems must be certified by SRCC or a comparable entity endorsed by the S.C. Energy Office
  • Carryover Provisions: Excess credit may be carried forward up to 10 years
  • Program Start Date: 01/01/2006
  • Web site: http://www.energy.sc.gov/index.aspx?m=1&t=5&h=19

Contact:

Taxpayer Assistance
South Carolina Department of Revenue
301 Gervais Street
P.O. Box 125
Columbia, SC 29214
Phone: (803) 898-5709
Web Site: http://www.sctax.org