Did you know that South Carolina now has 1,902 megawatts (MW) of installed solar capacity? That’s enough power to provide clean, renewable energy to 220,222 homes!
Many of those homes, in turn, are in Charleston, the largest city in Palmetto State.
So, if you’re wondering if it’s wise to invest in Charleston solar panels, don’t worry because it is.
However, there are several things you need to know about going solar in Charleston, SC, first. We’ll discuss them below, so be sure to read on.
1. Expect the Installation Process to Take Months
The entire process of installing a Charleston solar panel system can take at least one to two months. However, it can take longer if you choose to contract with several companies.
For starters, solar installers must first assess your home’s viability for solar energy. For example, they need to confirm if your roof is stable and can handle the panels’ weight. If not, they would recommend you to get the roof fixed first or get ground-mounted panels.
From there, the solar installation experts would design your system and obtain licenses. These may include permits for roof repairs and the solar panel installation itself. Note, too, that a separate electrical permit is mandatory if you want to hook up your panels to the grid.
After that, you can then schedule the solar panel installation.
After the installation, someone from the Charleston government will conduct a final inspection. The representative will ensure that your system meets all building and safety codes. You need to get their approval first before you can turn on your solar panel system.
That’s why you’d want to work with a full-service provider of solar installation near you. This way, you only have to deal with one company that’ll carry out all the necessary steps. That can also shorten the process, as only one company will conduct everything on your behalf.
2. Buy Solar Panels to Qualify for the Investment Tax Credit (ITC)
In December 2020, Congress passed a bill extending the federal ITC for two years. As a result, owners of solar panel systems installed until the end of 2022 can receive a 26% tax credit. The credits will then drop to 22% for installations completed by 2023.
For your Charleston solar panel system to qualify for the ITC, though, you need to own it outright. So, if you have the budget, consider buying instead of leasing solar panels. Your other option is to take out a low-interest solar loan to finance the purchase of the panels.
3. South Carolina Solar Tax Credit
Aside from the federal ITC, Charleston residents can also qualify for a 25% state tax credit. That’s 25% of tax credits based on the total cost of the solar panel system, including its installation. What’s more, it doesn’t have an expiration date, although the maximum credit you can get is $35,000.
As with the federal ITC, you also need to be the system owner to qualify for the state tax credit.
Save Big With a High-Quality Charleston Solar Panel System
As you can see, going solar in Charleston, SC, is an excellent investment. With high-quality solar panels, you can enjoy massive savings on energy bills. Plus, you get to cut your carbon footprint, which benefits the environment.
Just make sure you work with a reliable full-service Charleston solar installation company. This way, you can get your system up and running sooner, which means you can start saving earlier.
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