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South carolina solar energy tax credit cut the cost of installing solar on your home by a quarter with south carolina s state tax credit for solar energy.

South carolina solar tax credits.

But there are other ways to save that don t involve taxes when you go solar in south carolina. South carolina s tax credits may be earned by individuals c corporations s corporations partnerships sole proprietors and limited liability companies. Important to note though is that any unused portion of the total tax credit can be carried. 25 of total system cost up to 35 000.

The south carolina solar energy tax credit is 25 30 for 2009 of the total cost of the installation. A tax credit is an amount of money that can be used to offset your tax liability. Residents of the palmetto state can claim 25 percent of their solar costs as a tax credit and if you don t pay enough in taxes to get the full value of the credit in one year it. You can enjoy a 25 state tax credit if you buy your own solar system.

Can only take 3 500 or 50 of your tax liability per year for up to 10 years. Credits are usually used to offset corporate income tax or individual income tax. However the actual tax credit you can take for a given tax year is limited to 3500 but not to exceed 50 of your total tax liability for that year. 1 if you don t pay enough in taxes to qualify for the full 25 credit it ll roll over into the next year.

South carolina has one of the most generous solar tax credits in the region.

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