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South Carolina Bill Would Bring Back State Solar Tax Credit

Tuesday, March 12, 2019 - 2:15PM

Legislation to reestablish the state solar energy property tax credit in South Carolina was assigned to the Ways and Means Committee. S. 362 would create a tax credit for 25 percent of the cost of construction or lease of a solar energy property, including installation, but the credit would only be available to property that meets certain qualifications. There would be a statewide annual cap of $2.5 million and the bill would be in effect from 2019 through 2021. The credit would be taken in five installments. A similar credit expired Dec. 31, 2017.

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