The first three months of the year were productive for solar energy in the United States. Solar capacity in the country passed 100 gigawatts after installing more than 5 GW in Q1 2021.
The adoption of solar energy throughout the whole country is going well. But what about in South Carolina?
Solar in South Carolina has a positive outlook based on the current trends. Keep reading to learn the top solar trends in the state this year.
- Solar Installations Ranking
South Carolina ranks 11th in new solar installations in the country. It has a capacity of 1,902 Megawatts from over 24,000 solar installations.
Solar energy in South Carolina supplies 2.53% of the state’s electricity. It is enough to power 220,222 homes.
Its ranking fell from 6th place in 2020 due to the increased solar adoption rate of other states.
Notable states include Indiana, ranking 4th in new solar installations. It climbed from 32nd place from the previous year. Michigan and Iowa are worthy mentions since they now take the 6th and 10th places, respectively.
- Energy Freedom Act
South Carolina extended the net metering regime for current solar customers this year. Depending on when they signed up for the program, they will continue enjoying the current rate from 2025 to 2029.
At the end of the program, customers can get credit using retail rates. They can also choose to switch to the new program, including time-of-use rates.
Governor McMaster first signed the Energy Freedom Act into law in May 2019. It had provisions for solar choice metering tariffs. As a result, these will replace net metering tariffs beginning June 2021.
In June 2021, South Carolina Public Service Commission (PSC) rejected the Integrated Resource Plan (IRP) of Duke Energy. The plan would have affected the future retail rates.
PSC ordered the company to modify its existing and future IRPs. This move proved the state’s shift of focus to better opportunities for solar in South Carolina.
- Solar Tax Credits
Aside from the 26% federal tax credit of the total cost of solar panel systems, South Carolinians enjoy a 25% state tax credit. They can apply a maximum credit of 50% of their state tax liability or $3,500 per year.
Utility companies offer a wide range of incentives for solar power systems. Solar energy companies in South Carolina also offer rebates. LG, in particular, has a $600-rebate on their equipment.
If you’re planning to switch to solar, check with your local government to discover various deals. Charleston solar companies may also offer some rebates. Visit blueravensolar.com/south-carolina/Charleston/ for more information.
Learn More About Solar in South Carolina Today
Thanks to the generous South Carolina solar incentives, more homeowners can support and generate their green energy. The adoption rate will continue to grow in the coming years.
Solar in South Carolina continues to gain ground with the support of the government. If you own a solar power system, stay on top of updates. You might discover more incentives for your renewable energy source.
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