South Carolina – Solar Energy and Small Hydropower Tax Credit (Corporate)

South Carolina – Solar Energy and Small Hydropower Tax Credit (Corporate)

Incentive Type  Corporate Tax Credit
Eligible Technologies  Solar Water Heat, Solar Space Heat, Photovoltaics, Solar Cooling, Daylighting, Small Hydroelectric
Applicable Sectors  Commercial, Residential
Incentive Amount  25% of eligible costs
Maximum Incentive In any given tax year, $3,500, or 50% of taxpayer’s tax liability for that taxable year, whichever is less
Eligible System Size(s) None Listed
Equipment Standards 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
Start Date  1/1/2006

More Information 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

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