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1350 STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE SC SCH.TC-58
SOLAR ENERGY (Rev. 10/2/19)
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PROPERTY CREDIT
dor.sc.gov 20
Name SSN or FEIN
Credit calculation: Year ____ of 5. Attach a copy of the credit approval letter from SCDOR. If you are taking an
installment after the year the credit is first earned, begin with line 5.
1. Total cost of solar energy property 1. $
2. Credit calculation (multiply line 1 by 25%) 2. $
3. Credit limit 3. $ $2,500,000
4. Available credit (lesser of line 2 or line 3) 4. $
5. Annual installment (multiply line 4 by 20%) 5. $
6. Credit carryforward from previous years 6. $
7. Current year credit available (add line 5 and line 6) 7. $
8. Current year tax liability 8. $
9. Allowable credit (lesser of line 7 or line 8) 9. $
10. Credit carryforward (subtract line 9 from line 7) 10. $
Unused credits can be carried forward for five years
INSTRUCTIONS
The solar energy property credit is available to taxpayers constructing, purchasing, or leasing solar energy property
located in South Carolina and placed in service in this state. The credit is only available for property located on:
The Environmental Protection Agency's (EPA) National Priority List
The EPA's National Priority List Equivalent Sites
A list of related removal actions as certified by the Department of Health and Environmental Control (DHEC)
Land subject to a Voluntary Cleanup Contract with DHEC or to corrective action under the Federal Resource
Conservation and Recovery Act of 1976
Land owned by the Pinewood Site Custodial Trust
If you are installing solar property in a location that does not qualify for this credit, you may qualify for the solar energy
credit taken on SC SCH TC-38 instead.
Use the SC SCH TC-58A to apply for the credit with the SCDOR. Once the application process is complete, we will send
you a letter approving your eligibility for the credit. Include a copy of the SCDOR approval letter with your return claiming
the credit.
The credit is earned in the year the property is placed in service. It is taken in five equal annual installments beginning
with the year the property is placed in service. If you are taking an installment after the year the credit is first earned, do
not complete line 1 through line 4 of the SC SCH TC-58. Begin by entering the annual installment amount on line 5.
Unused credit may be carried forward for five additional tax years. For more information about this credit, see SC Code
Section 12-6-3775 at dor.sc.gov/policy.
If you file by paper, attach to your Income Tax return. If you file electronically, keep a copy with your tax records.
Social Security Privacy Act Disclosure
It is mandatory that you provide your Social Security Number on this tax form if you are an individual taxpayer. 42 U.S.C. 405(c)(2)(C)(i)
permits a state to use an individual's Social Security Number as means of identification in administration of any tax. SC Regulation
117-201 mandates that any person required to make a return to the SCDOR must provide identifying numbers, as prescribed, for
securing proper identification. Your Social Security Number is used for identification purposes.
The Family Privacy Protection Act
Under the Family Privacy Protection Act, the collection of personal information from citizens by the SCDOR is limited to the information
necessary for the SCDOR to fulfill its statutory duties. In most instances, once this information is collected by the SCDOR, it is protected
by law from public disclosure. In those situations where public disclosure is not prohibited, the Family Privacy Protection Act prevents
such information from being used by third parties for commercial solicitation purposes.
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