Throughout North America, 123SolarPower has the largest network of solar power experts, engineers, and parts dealers to help businesses and home owners reduce their carbon footprint while saving money on their electricity bills. Our partners in South Carolina link together with our partners throughout the rest of the United States and Canada to bring you the most effective, expert energy solutions for implementing solar panels and other types of solar powering systems.
South Carolina is currently playing a bit of a catch-up game with its brother and sister states as far as solar innovation goes, but that doesn’t mean that those wanting to innovate their homes or businesses are at a loss in any way.
In fact, the average monthly savings after switching to solar is $114, which is significantly higher than the national average of $84.
In addition, in June 2014, the governor of South Carolina signed a piece of legislation that facilitated the acquisition of solar systems South Carolina and motivated utility companies to procure a certain amount of solar power by 2021.
Also, if your solar panel installation South Carolina produces more power than you use, you’re in luck with the net metering system, which offers a direct 1:1 credit on your bill for every kWh of energy that’s fed back into the grid from your system.
Under South Carolina’s Solar Energy Tax Credit, you can claim a tax credit of 25% of your total installation costs, up to $3,500 in one year as long as it is 50% or less of your state tax liability for that year.
However, if you have leftover credit remaining from one year to the next from the cost of your installation, the cost claims you can make roll forward for up to ten years, so you really won’t miss out on any possible state tax savings.
On top of state-based tax incentives, South Carolina residents can also take national-level tax credits when they file their income taxes by attaching IRS form 5695 along with their 1040.
This tax credit, passed with the Energy Policy Act of 2005, lets citizens claim a national-level tax credit of up to 30% of their total installation costs for renewable energy. However, if the credit amount is larger than the amount you owe the government, you can roll that credit over to next year’s taxes.
With the solar power industry growing faster each year, and the available savings growing too, now is the perfect time to consider installing your own residential solar panels South Carolina. These great incentives are available everywhere in the state whether you decide to buy solar panels Charleston SC or solar panels Greenville SC. Get a quote today and watch the savings pile up!
123SolarPower is your one-stop shop for everything solar and renewable energy related in South Carolina here. Our local experts have the best rates in your area and have the expertise to help you get the maximum amount of savings out of your solar power installation. Looking for solar panels Columbia SC or elsewhere in the state? To get a free consultation on your situation and a free estimate on total cost and projected savings, please get in touch with us by filling out our form or calling us at 800-294-2397.
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When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.
Will solar panels benefit my home if I do not have constant access to the sun?
It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.
What incentives are available to me?
There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.
What is the difference between on the grid and off the grid?
On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.
While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.
Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.