South Carolina Bill Would Bring Back State Solar Tax Credit
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.