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Combined Heat and Power Partnership

Renewable Energy Manufacturing Tax Credit

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated4/11/2013
Incentive TypeTax
Incentive Administrator/Contact OfficeSouth Carolina Department of Revenue
Incentive Initiation Date1/1/2010
Incentive Expiration Date12/31/2015
Incentive Size and Funding SourceSouth Carolina offers a 10% income tax credit to the manufacturers of renewable energy operations for tax years 2010 through 2015. A taxpayer's total credit cannot exceed $500,000 for any year and $5 million total for all years. Unused credits may be carried forward for 15 years after the tax year in which a qualified expenditure was made. The tax credit is nonrefundable. Tax credit cannot be combined with any other state tax incentive.
Eligible RecipientIn 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 $500 million in new qualifying plant and equipment the year the tax credit is claimed.
  • Create one and a half full time jobs for every $5,000 in capital investment qualifying for the credit. Qualifying jobs must pay at least 125% of the state's average annual median wage as defined by the Department of Commerce.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaRenewable energy operations are limited to manufacturers of systems and components that are used or useful in manufacturing renewable energy equipment for the generation, storage, testing, research, development, and transmission or distribution of electricity from renewable sources, including specialized packaging for the renewable energy equipment manufactured at the facility.

Qualifying investment includes investment in land, buildings, machinery, and fixtures for expansion of an existing facility or establishment of a new facility in South Carolina. Qualifying investment does not include relocating an existing facility in South Carolina to another location in the State without additional capital investment.
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