Santee Cooper finally releases some rebates....

Solar is finally getting some REAL attention. Unfortunately, I don't know if I understand enough about electricity to make heads or tails of it.

For those that care, visit Santee Cooper's Site for more information.

If there's an electrical engineer out there that's willing to spend some time with me and help me understand electricity (both Solar and potentially Hydro, I am very interested in buying you lunch, dinner, and possibly dessert!

If I am reading this right, Santee Cooper is offering:
The rebate is $3/watt. For a 2,000 Watt PV
System, your expected rebate amount would be $6,000. You can do the same for any size system, but remember that there is a maximum rebate of $12,000, not to exceed the system and installation costs.

Then according to the EnergyStar.gov site:
Tax credits are available for qualified solar water heating and photovoltaic systems. The credits are available for systems "placed in service" from January 1, 2006 through December 31, 2008. The tax credit is for 30% of the cost of the system, up to $2,000. This credit is not limited to the $500 home improvement cap.

then South Carolina offers the following:

In South Carolina, taxpayers may claim a credit of 25% of the costs of purchasing and installing a solar-energy system for heating water, space heating, air cooling or generating electricity in a building owned by the taxpayer. The maximum credit in any year is $3,500 for each facility or 50% of the taxpayer's tax liability for that taxable year, whichever is less.

So… with Santee, the Feds, the State of SC all chipping in now, I did some Math… it appears that if you can get a 3000 Watt system installed for around $14,500, then you can get pretty much ALL that money back by using the rebates and the credits…. See below.





My questions are:
1. Can you get it installed for that?
2. Can you use the rebates and credits in conjunction with one another?
3. Am I missing something?