The largest credit that can be applied in a single year is 3500 or 50 of your state tax liability whichever is less.
South carolina solar tax credit form.
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.
Credits not used may be carried forward for ten years.
For installing a solar energy system or small hydropower system in a south carolina facility tc 38.
South carolina s solar energy tax credit passed by the state legislature lets residents claim a state tax credit of 25 of the whole installed cost of a solar pv system.
South carolina s tax credits may be earned by individuals c corporations s corporations partnerships sole proprietors and limited liability companies.
South carolina solar energy tax credit.
Credits are usually used to offset corporate income tax or individual income tax.
South carolina department of revenue po box 125 columbia sc 29214 0825.
001 drip trickle irrigation systems credit.
The epa s national priority list equivalent sites.
A tax credit is an amount of money that can be used to offset your tax liability.
Electricity in or on a facility in south carolina can claim an income tax credit of 25 of the cost of purchasing and installing that system.
Credits are fully claimed.
058 solar energy property credit 059 alternative fuel property credit.
You can search by form name or number at dor sc gov forms nonrefundable tax credits.
Cut the cost of installing solar on your home by a quarter with south carolina s state tax credit for solar energy.
To claim the south carolina tax credit for solar you must file form sc1040tc as part of your state tax return.
The solar energy or small hydropower system credit.
Includes a system installed in or on a facility in south carolina owned by the taxpayer.
The corresponding code is 038 solar energy or small hydropower system credit.
The environmental protection agency s epa national priority list 2.