South Carolina Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 09/12/2012
Program Overview:
| State: |
South Carolina |
| Incentive Type: |
Utility Loan Program |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric |
| Applicable Sectors: |
Residential |
| Amount: | $1,000-$40,000 |
| Maximum Incentive: | $40,000 |
| Terms: | Rate: variable - check website
Repayment: up to 10 years |
| Start Date: | 10/1/2007 |
| Web Site: |
https://www.santeecooper.com/portal/page/portal/santeecooper/myho...
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Summary:
Santee Cooper offers low-interest loans to residential customers who install photovoltaic (PV) systems, wind energy systems, micro-hydropower systems, biomass energy systems, or solar water heaters. Participation in the utility's "net billing" program is not required, but customers may opt to participate in that program.*
The maximum loan amount is $40,000, and the maximum term is 10 years. Under Santee Cooper's "net billing" program, a renewable-energy system may not exceed the estimated maximum monthly kilowatt (kW) demand of the residence or 20 kW, whichever is less. A home energy audit is required prior to the purchase and installation of a system, and customers must submit an interconnection application to Santee Cooper prior to installation.
* The term "net billing" is often confused with "net metering." In general, net billing is less favorable to customers than net metering. Santee Cooper does not offer net metering. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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