South Carolina Investment incentives
South Carolina offers a range of incentives designed to support capital investment, advanced manufacturing, research and development, energy innovation, agriculture and large-scale business growth. From sales and use tax exemptions to investment and income tax credits, these programs help companies reduce costs and support long-term investment
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Advanced energy investment programs in South Carolina
South Carolina supports the growth of next-generation energy industries through a portfolio of incentives designed to support investment, accelerate innovation and strengthen critical supply chains.
Agricultural products purchase credit
Agribusiness operations that increase purchases of agricultural products grown in South Carolina may qualify for an income tax credit or withholding tax credit.
Alternative fuel property credit
Eligible property or facilities placed in service before January 1, 2026 may qualify for a tax credit for alternative fuel distribution, dispensing or storage.
Alternative motor vehicle credit
SC offers a state tax credit for resident taxpayers who qualify for the corresponding federal Alternative Motor Vehicle Credit.
Appalachian regional commission (ARC)
Competitive grant funding is available for projects that benefit one or more of the seven counties in Appalachian SC.
Corporate headquarters tax credit
South Carolina helps offset the costs associated with relocating or expanding a corporate headquarters facility with a credit that can be applied against either corporate income tax or the license fee.
Corporate income tax moratorium
SC supports job creation in certain economically distressed counties through a tax moratorium that may eliminate state corporate income tax liability for 10 or 15 years.
Energy conservation and renewable energy tax credit
Businesses that purchase and install qualifying equipment for energy conservation and renewable energy production may qualify for a tax credit equal to 25% of eligible expenditures.
Investment tax credit (ITC)
Manufacturers locating or expanding in South Carolina can use this one-time credit against their corporate income tax up to 2.5% of their investment in new production equipment.
“One of the advantages of being in SC is working and growing with the local supply base. These suppliers are making investments, they are adding new technologies, they are bringing in continuous improvements in terms of resources allowing us all to grow together.”
Kyle Hamm SVP Power Systems Supply Chain for North America | Schneider Electric