- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Is it possible to get a clean energy credit and solar energy credit on our SC state tax return after installing solar panels in 2017 on our house?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Is it possible to get a clean energy credit and solar energy credit on our SC state tax return after installing solar panels in 2017 on our house?
Yes it's possible. Please note the following excerpt from the following website (click on link for full webpage) www.dasolar.com/energytaxcredit-rebates-grants/south-carolina:
South Carolina offers great state solar tax credits. As a credit, you take the amount directly off your tax payment, rather than as a deduction from your taxable income. You can claim the credit for your primary residence, vacation home, and for either an existing structure or new construction. 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. The largest credit that can be applied in a single year is $3500 or 50% of your state tax liability, whichever is less (Italics added). Credits not used may be carried forward for ten years.
If you got the full $3500 credit, you qualified to receive it.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?
Make a post