Rebates

South Carolina offers a ten percent income tax credit to the manufacturers of renewable energy operations.*

The income tax credit is allowed for up to sixty months beginning with the first taxable year for which the business or corporation is eligible to receive the credit, so long as the business or corporation becomes eligible to receive the credit no later than the tax year ending on December 31, 2020.

In order to qualify, a business must:

• manufacture renewable energy systems and components in South Carolina for solar, wind, geothermal, or other renewable energy uses
• invest a minimum of $50 million in

Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

Note: A.B. 1132 of 2023 extended the expiration date for the permit fee limitations from January 1, 2025 to January 1, 2034. 

Permit Fee Limitations

Two bills signed in 2012 (AB 1801 and SB 1222) place limits on the fees that cities, counties, cities and counties, and charter cities can charge for a solar permit. CA Government Code § 65850.55 specifies that a local government cannot base the fee for a solar permit on the value of the solar system or the value of the property on which the system will be installed. It also requires the local

Note:  In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

In July 2012 New York enacted legislation allowing municipal corporations to exempt green buildings from real property taxes. It is important to note that this law allows but does not require local governments to extend favorable property tax treatment to green buildings. In order for the exemption to apply, the taxing jurisdiction must first adopt this exemption.

In order to qualify for an exemption, the new construction or improvement (does not include routine maintenance or repairs) must commence on or after January 1, 2013; be valued in excess of $10,000; and projects must meet the LEED, Green Globes, American National

The District of Columbia Council created a personal property tax exemption for solar energy systems and cogeneration systems within the District by enacting B19-0749 in December of 2012. Systems using exclusively solar energy as defined in § 34-1431(14)) are exempt from personal property tax; provided, that, notwithstanding any other provision of law, the Chief Financial Officer shall transfer $120,000 from the certified revenues deposited in the Renewable Energy Development Fund established by § 34-1436 to the unrestricted fund balance of the General Fund of the District of Columbia and shall recognize the $120,000 as local funds revenue in fiscal year 2013 and

Note: This tax credit is only available for installations that begin construction before the beginning of calendar year 2022. Eligible installations can still receive credits in 2022, but no new facilities can become eligible.

Iowa offers a corporate tax credit for solar energy systems. Specifically, the law allows individuals and corporations to claim a state tax credit worth 50% of the Federal Investment Tax Credit. Each taxpayer may claim up to $5,000 for residential systems and $20,000 for commercial systems under this program, and any excess credits may be carried over for up to 10 years. 

A taxpayer may

In March 2012, West Virginia enacted legislation (H.B. 2740) that restricts housing associations from prohibiting solar energy systems on homes. Any governing document executed or recorded after June 8, 2012, that effectively prohibits or restricts the installation or use of a solar energy system is void and unenforceable. However, housing association members may vote to establish or remove a restriction that prohibits or restricts the installation or use of a solar energy system.

A solar energy system is defined as "a system affixed to a building or buildings that uses solar devices, which are thermally isolated from living space or any

Note: The deadline for the most recent round of funding under this program is November 16, 2023. This summary is provided for reference only. Contact the PUC about the possibility of future funding rounds under this program.

The New Hampshire Department of Energy (DOE) offers grant funding for renewable energy projects installed at commercial, industrial, public, non-profit, municipal or school facilities, or multi-family residences with at least three units.

Eligible forms of energy include electricity or useful thermal energy generated from wind, ocean thermal, wave, current, tidal, hydrogen derived from biomass fuels or methane gas, methane gas, biomass, and hydroelectric

The total volume of credits awarded through this program has exceeded the annual budget of $250,000. There is a wait list for new applicants seeking credits that extends until at least July 2024.

The state of Maryland permits local governments (Md Code: Property Tax § 9-203) to offer property tax credits for energy conservation devices if they choose to do so. In November 2010 Baltimore County enacted legislation offering property tax credits for solar and geothermal energy conservation devices installed in residential buildings. Eligible solar devices include that those heat or cool a structure, generate electricity for use in a