South Carolina Clean Energy Tax Incentive Program

Section 12-6-3588 of the South Carolina Income Tax Act provides tax incentives to companies in the solar, wind, geothermal, and “other clean energy industries” that consider siting business operations in the state. Total yearly credits may not exceed $500,000, and may continue for up to sixty months, provided a business becomes eligible to receive the credit not later than the tax year ending on December 31, 2020.