Solar Lighting Incentives in South Carolina

Whether traveling down the Atlantic coast or riding through the Blue Ridge mountains, all over South Carolina people are waking up to the energy savings of commercial outdoor solar lighting. Boasting an average of 200 days of sunshine, the Palmetto state has been growing in enthusiasm for solar power in the recent years. By installing Greenshine solar lights you can immediately—and at almost any time of the year—start saving on your energy costs and join in on this growth.

From this growing demand for outdoor solar lighting, opportunities and incentives have grown throughout the state. Federal Investment Tax Credits (ITC) can save you 30% on the cost of installing outdoor solar powered lights. Other tax rebate and loan programs are also available and you can consult your local power company for more information. The SouthCarolinaSAVES™ Green Community Loan Program affords low-cost financing to South Carolina governmental, institutional, commercial, and industrial properties for qualified conservation measures for solar lighting.

There are more incentives to keep money in your pocket beyond these! Commercial solar powered lighting saves you time and money by avoiding trenching and wiring which can tear up your streets and bank account. For comparison, trenching for original power lines may cost you $75,000 while our services run on average of $45,000. That’s a savings of $30,000! Not to mention the additional year-over-year saving costs of installing solar lighting.

Greenshine New Energy makes it easy to install solar powered lighting for your business or municipality. There has never been a better time to switch to outdoor solar power lighting and reap the benefits of South Carolina sunshine.

Solar Lighting Incentives in South Carolina

1) Solar Energy, Small Hydropower, and Geothermal Tax Credit (Corporate)

https://programs.dsireusa.org/system/program/detail/1804

http://www.energy.sc.gov/renewable

In South Carolina, taxpayers may claim a credit of 25% of the costs of purchasing and installing a solar energy system. In any given tax year, $3,500, or 50% of taxpayer's tax liability for that taxable year, whichever is less. If the amount of the credit exceeds $3,500 for each facility, the taxpayer may carry forward the excess for up to ten years.

2) ConserFund Loan Program

https://programs.dsireusa.org/system/program/detail/1307

http://www.energy.sc.gov/incentives/conserfund

The South Carolina Energy Office offers the ConserFund Loan Program to fund energy efficiency improvements in state agencies, local governments, public colleges and universities, school districts and private non-profit organizations. Organizations may finance one or multiple projects, covering up to 100% of eligible project costs, from $25,000 to $500,000.

3) Energy Efficiency Revolving Loan Fund

https://programs.dsireusa.org/system/program/detail/5520

http://energy.sc.gov/incentives/eerl

The Energy Efficiency Revolving Loan Fund offers between $50,000 and $1,000,000 of loans per project primarily for business and industry, but in some cases also non-profits and governments as well. The maximum loan term is 10 years.