South Carolina Solar Credit

dwolf
dwolf Member Posts: 1 Newcomer
in Credits/Deductions

I installed a solar system on our home in 2024 and can see the tax credit on the Federal Form. Where is this shown on the South Carolina State form? I was surprised that I still owed a small amount of taxes for the state.

Answers

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 503

    Hello dwolf,

    The SC solar credit is calculated on a % of the total cost of the installation (25%). Then it is limited to $3500 a year. However it is also nonrefundable and limited to your SC total tax and then by 50%. Check your SC Summary page and your SC return. Look for Form SC1040TC and Form Sc Schedule TC-38

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