If you’re thinking about adding a solar battery storage system to your home, you’ll be happy to know that there are federal tax credits available to help offset the cost. These credits can make a big difference in the overall cost of your system, and can help you save money in the long run.
The federal tax credit for solar battery storage is known as the Investment Tax Credit (ITC). This credit allows homeowners to claim a credit of 30% of the cost of their solar battery storage system on their federal income tax return. The IRA Act of 2022 changed the policy on claiming this tax credit for batteries. The credit can now be claimed for batteries whether they are part of a solar electric system or are ‘stand-alone’.
Solar battery storage systems can be a great way to save money on your energy bills and reduce your dependence on the grid. The federal tax credit can help to offset the cost of your system, and make it more affordable. Sundance Power Systems is the local trailblazer when it comes to battery storage. We have deep experience and knowledge regarding batteries- we would be happy to help you navigate the options!
(It is always a good idea to consult with a tax professional before claiming any tax credits. They can help you navigate the process and ensure that you claim all the credits that you’re entitled to. This post is for informational purposes only.)