Why should you choose to switch your home or business over to solar power? There are a number of good reasons to make the transition, and it has never been easier or more affordable than it is now. Let’s examine just a few of the reasons why you should consider the switch.
When you install a solar system into your home, you may become eligible to receive an annual tax credit. Once your system is installed, you have to get it certified by a company endorsed by the Solar Rating Certification Corporation or another approved entity, but once you do so, the South Carolina Energy Office will qualify you for the credit.
Your exact credit will vary depending on the cost of your system and your annual tax liability. The state of South Carolina will credit you for up to 25% of the cost of your solar system, up to a maximum of $3,500 or half of your tax liability, whichever is less. And the best news: you get this credit for a full ten years after you install the system.
By switching to solar power, you are helping the environment by reducing greenhouse emissions. It is estimated that by adding a solar panel system to your home, you can eliminate 3-4 tons of carbon emissions annually. By reducing your dependence on the burning of fossil fuels for electricity (the primary form of electricity generation in the U.S.), you help keep the world a cleaner and healthier place to live, which will help generations to come maintain their health and happiness.
Not only does a solar panel system add significant value to your home, it can save your household or business money by dramatically reducing or even completely eliminating your electric bill. Homes with a solar panel system can potentially remove their dependence on the electrical grid entirely, even though they may choose not to disconnect from it. When you combine a lowered utility bill with the available tax credits discussed earlier, you could see a return on your investment in even less time.