30% Tax Credit Information

*30% Tax Credit

The Inflation Reduction Act (IRA) was signed into law on August 16, 2022 and it specifically addresses the Residential Clean Energy Credit for “qualified battery storage technology expenditure” in Section 13302.

To qualify for the 30% tax credit, battery storage must be:

•  “Installed in connection with a dwelling unit located in the United States and used as a residence by the taxpayer”
•  “(Have) a capacity of not less than 3 kilowatt hours.”

Beginning on January 1, 2023, 

“standalone battery storage (batteries that aren’t connected to solar panels) will also qualify for the 30% Residential Clean Energy Credit.”

Inflation Reduction Act.  Refer to section 13302

https://www.irs.gov/inflation-reduction-act-of-2022

Whole article: sited above:

https://www.solar.com/learn/how-getting-a-home-battery-affects-your-federal-solar-incentive-tax-credit/

While we have verified this to the best of our and our financial teams ability, it is recommended as Always, to consult with your financial advisor when it comes to tax credits.