Over the Next Decade in South Carolina, Advanced Energy Tax Credits Will Generate:

$64B New Private Sector Investments

$18.3B New Manufacturing Investments

SUCCESS STORY

Silfab Solar Facility

• Status: Operational

• Location: Fort Mill, SC (York County)

• Congressional District: South Carolina 5^th

• Technology: Solar

• Relevant Tax Provisions: 
  • Manufacturing Production Tax Credit (45X)
  • Investment in this facility was enabled by Transferability

• Fast Facts: 
  • In 2023, Silfab Solar, a solar manufacturer, invested $150 million to establish its flagship facility in Fort Mill. Utilizing transferability, the company was able to secure additional financing to expand operations in 2024.
  • When fully operational, the facility is projected to employ over 800 people in skilled jobs – a number likely to increase as operations expand.
  • The facility will produce $17 million in property taxes for local schools and $4.7 million in tax revenue for York County. 

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SUCCESS STORY

Battery Materials Campus

• Status: In Construction 

• Location: Dorchester County, SC

• Congressional District: South Carolina 1^st

• Technology: Electric Vehicle (EV) Batteries

• Relevant Tax Provision: Manufacturing Production Tax Credit (45X)

• Fast Facts: 
  • Redwood Materials plans to invest $3.5 billion over the course of the decade to establish a Battery Materials Campus outside of Charleston, where it will recycle, refine, and remanufacture EV battery components. 
  • The facility is projected to create 1,500 jobs in the community.
  • When fully operational, this campus should annually produce 100 gigawatt hours of cathode and anode components – enough to power more than 1 million EVs.

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If key advanced energy tax policies are repealed, new analysis indicates that the cost of energy for business, industry, and working families in South Carolina will increase nearly 15% by 2026.