Wednesday, February 24, 2010

S.1208 SC Senator Joel lourie introduces job creation bill

This bill would allow a 40% tax credit for 2010, 35% for 2011 and 30% thereafter for residential solar systems.

This bill has the commercial tax credit equal to NC but weights the availability of the credit so that business’s would have a greater return on capital and a huge incentive to start this projects sooner rather than later.

The residential tax credit is also weighted at 40% for 2010, 35% for 2011 and 30% therafter, increasing the probability that SC will grow quickly.

This bill would also allow a donation to a non-profit for solar to receive the same tax credits of 35% thus enabling charities to solicit for RE projects. This bill also has a tax credit for builders to incorporate solar into new construction (which has been a barrier to adoption up to now)

This is a great bill and would facilitate a lot of growth for solar in SC which in turn would enable job creation, energy independence and a hub for economic activity.

Senator Hugh Leatherman, Senator Paul Campbell and Senator Glen McConnell need to hear your support of these measures.

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