State Offers Hybrid Rebates
Oct. 18, 2006: The Sun News
Summary: In a dramatic turnaround from previous years, South Carolina is offering a number of tax incentives to encourage the use of alternative fuels.
The incentives include a sales tax rebate for buying one of the many new and used vehicles that can run on ethanol-blend fuel.
The state also approved this year a tax credit for buying hybrid vehicles, credits for installing solar power systems, and incentives to spur more production and distribution of ethanol-blend and biodiesel fuels.
Last year, the only tax incentive South Carolina offered to consumers for using alternative fuels was a $1,000 tax credit for installing a solar water heater. The state provided only enough funding for 20 people to receive the tax credit, and no one applied.