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Solar in South Carolina
Going solar in South Carolina is a great investment as a homeowner. Here are a few reasons that help make converting to solar power one of the best investments you can make for your home.
With South Carolina’s great sunny weather, it’s a fantastic spot for solar energy systems. South Carolina also has seen huge solar installation increases, with about 144 megawatts installed to date.
The cost for solar in South Carolina is $3.37 per watt, which is lower than the national average and it puts the cost of an average sized system of 5kw at $16,350 before any state and federal incentives. South Carolina also has a net metering program for homeowners to receive credits on their electricity bill. These prices are very competitive in the national market.
In fact, solar prices in South Carolina are estimated to have dropped 55% over the last 5 years, causing a lot of South Carolina residents to make the switch to solar. Some markets in South Carolina are experiencing staggering savings with solar. In 2017, Summerville residents were saving over $63,000 on average over a 20-year term!
Federal Tax Credit
Uncle Sam wants you to use clean energy, that’s why the Government is helping you out by paying for 30% of your system. Yes you read that right, 30%. This incentive was initially scheduled to end on in 2015; but fortunately for us the program was extended to the end of 2019. It’s a double edge sword, you can take advantage of this incentive, but it wont last long!
State Tax Credit
The state also offers a state tax credit that further helps pay for your system on top of the federal incentive, as well as the MassSolarLoan program, run by the MassCEC (Mass Clean Energy Center), which is a “state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth to spur job creation, deliver statewide environmental benefits and to secure long-term economic growth for the people of Massachusetts.”
Mass is one of the few states that is actually willing to pay you for producing clean energy. These are known as performance payments, or SRECs. This is a big benefit of getting solar here that most other states don’t offer.
All of these incentives add to why you can’t afford not to go solar. With the array of financing options available for no money down, the possibility of completely eliminating your utility bill, and paying less per month than you normally pay the local utility, it is simply a no brainier. At Summit, we are the right people to guide you through the process. We have the experience of helping hundreds of homeowners convert to solar power. Our experienced representatives are knowledgeable, professional, and credible.