| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | South Carolina |
| Incentive Type | Property Tax Incentive |
| Eligible Renewable/Other Technologies | Solar Photovoltaics, Biomass, Tidal, Wave, Wind (Small), Hydroelectric (Small), Fuel Cells using Renewable Fuels |
| Eligible Storage Technologies | Lithium-ion |
| Applicable Sectors | Commercial, Industrial, Residential, Low Income Residential |
| Incentive Amount | 100% exemption |
| Eligible System Size | 20 kW-AC or less |
H.B. 3354 of 2021 established a property tax exemption for renewable energy systems with a rated capacity of not more than 20 kW-AC. The exemption applies to the renewable energy equipment and all components that enhance the operational characteristics of the generating equipment, such as an advanced inverter or battery storage device, and equipment required to meet all applicable safety, performance, interconnection, and reliability standards established by the commission, the National Electrical Code, the National Electrical Safety Code, the Institute of Electrical and Electronics Engineers, Underwriters Laboratories, the Federal Energy Regulatory Commission, and any local governing authorities.
| Name | S.C. Code § 12-37-210 (53) |
|---|---|
| Date Enacted | 05/17/2021 |
| Effective Date | 01/01/2021 |