Renewable Energy and Energy Storage Property Tax Exemption

November 12, 2024

Summary

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.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	South Carolina
Incentive Type:	Property Tax Incentive
Web Site:
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Solar Photovoltaics Biomass Tidal Wave Wind (Small) Hydroelectric (Small) Fuel Cells using Renewable Fuels Lithium-ion
Incentive Amount:	100% exemption
Eligible System Size:	20 kW-AC or less

Authorities

Name:	S.C. Code § 12-37-220 (53)
Date Enacted:	05/17/2021
Effective Date:	01/01/2021

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.