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SC Solar
Online Solar Resources
2007-2008
30% Federal Tax Credit for solar electric installations and
accelerated depreciation for commercial installations!
Tax credits have now been extended through
the end of 2008.
Solar may never be this attractive for
commercial installations again.
ROI= Fed tax credit + NC tax credit +
depreciation = 8 years
Solar module warranty is 25 years.
North Carolina has the following additional incentives:
- Commercial installations receive a 35% tax
credit up to $2,500,000
- Individuals receive a 35% tax credit
between $1,400 - $10,500 as follows:
A maximum of $3,500 for residential active
space heating, combined active space
and domestic water-heating
systems, and passive space heating.
A maximum of $1,400 for residential solar
water-heating systems, including solar
pool-heating systems.
A maximum of $10,500 for photovoltaic (solar
electric), wind, or other renewable-energy systems
for residential use.
- NC GreenPower Production Credit:
receive approximately $0.18/kWh from the program,
plus approximately $0.04/kWh from the utility
under the power-purchase agreement, for a total
production payment of approximately $0.22/kWh.)
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South Carolina has the following additional incentives:
-
Solar Heating and Cooling tax credit of 25% for
Commercial and Residential systems, includes Solar Water Heating, Solar
Space Heat, Solar Cooling (maximum incentive of $3,500, or 50% of
taxpayer's tax liability for that taxable year, whichever is less)
SC Solar has the experience you seek for
your solar electric installation
Links of interest:
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