South Carolina provides a sales tax exemption for any device, equipment, or machinery which generates, distributes, or uses hydrogen or fuel cells. This sales tax exemption also applies to machinery used for research and development related to hydrogen and fuel cells. The tax code also
South Carolina provides a property tax exemption for renewable energy systems with a rated capacity up to 20 kW measured in alternating current. Technologies eligible for this exemption include solar thermal, geothermal, green hydrogen, and biomass. Combined heat and power from renewable sources would also
Taxpayers in South Carolina who purchase and install a solar thermal or geothermal energy system are eligible for a tax credit up to 25% of purchase and installation costs against income tax liability. The credit cannot exceed $3,500 or 50% of the taxpayer’s liability. Unused
The ConserFund Loan Program, administered by the South Carolina Energy Office, provides financing to state agencies, public higher education institutions, school districts, local governments, and non-profits for energy efficiency improvement projects. Loans can cover up to 100% of eligible project costs for projects between $25,000
The Energy Efficiency Revolving Loan Fund is geared primarily towards energy efficiency projects in businesses and industry, but can also be available to nonprofits, utilities, and government entities under certain circumstances. Loans are typically between $50,000 and $1,000,000 with a maximum loan period of 10
