South Carolina bill would require an 80% or better tax rate on all new solar installations, making agreements easier to reach. But counties say they want to be able to make their own deals.
SC solar farms on hold, awaiting tax break
http://www.thestate.com/news/politics-government/article134990214.htmlHighlights from the article:
1. ‘Landowners earn on average about $750 a year per acre in rental income,’
2. 91 potential solar farm projects in South Carolina are on hold pending legislation,
3. Those 91 projects on hold would generate about $217 million in one-time property taxes for hardware sales
4. and $12.6 million in annual property taxes, up from the roughly $21,000 that they now pay as agriculture properties,
5. Solar companies had invested $5.4 billion in northern neighbor North Carolina and $1.9 billion in the southern neighbor Georgia.