Solar power generation in South Carolina has increased by almost 140% since the beginning of 2020, due in part to a growing number of residential solar panel installations. South Carolina also receives lots of sunshine, making it prime solar territory.
Powering your home with a solar panel system can help you save on your electric bill. And while traditional energy prices have increased in recent years, the cost of residential solar panels has decreased by more than 64% since 2000, according to a report from the Lawrence Berkeley National Laboratory.
Federal, state and local tax credits and incentives can lower the cost of solar panels even more. South Carolina has a state solar tax credit that you can combine with the federal tax credit to maximize your savings on solar panels. The Palmetto State also has a property tax exemption for the added value that solar panels provide to…
