Saving money is one of the top reasons people decide to switch to solar power. Though an investment in your home, the installation of solar roof panels does not need to be costly. Income tax credits, rebates and utility energy credits are just a few of the incentives that are available to make this investment affordable for South Carolina residents. In fact, you will likely see a return on your investment in as few as five years!
ARRES Solar experts can show you how your system pays for itself through the following:
The federal investment tax credit (ITC) is a tax credit that can be claimed on federal income taxes for 30 percent of the cost of a solar photovoltaic (PV) system. If you haven’t yet installed solar roof panels, you only have one year to take full advantage of this tax credit. After 2019, the credit decreases.
Residents of South Carolina receive a solar tax credit equal to 25 percent of the total system cost. South Carolina is one of only nine states to offer a solar tax credit, and currently has the highest credit available in the country!
Santee Cooper is currently offering a $7,200 rebate on the purchase of a solar installation from ARRES Solar Myrtle Beach.
ARRES Solar offers a warranty on all the equipment we install and the work we do. Our solar roof panels have a 25-year warranty on them, backed by our own workmanship warranty.
Utility companies must allow your meter to run backward. They buy excess energy from you in the form of credits that result in a cash refund to you at the end of the year. Net metering helps you get the largest financial benefit possible out of your PV system.
Learn more about how you can harness solar power to create clean, renewable, reliable energy for your home or business. Let ARRES Solar Myrtle Beach show you how. Call us today at (843) 236-1444 or submit our online form to schedule a free consultation.