Yes, there are government incentives for using hybrid solar batteries, primarily in the form of tax credits. These incentives apply to both solar systems with battery storage and standalone battery storage systems.
Federal Incentives
- Residential Clean Energy Credit: This credit offers a 30% tax credit for qualified clean energy property, including solar and battery storage systems installed between 2022 and 2032. The credit applies to the costs of purchasing and installing the system.
- Eligibility for Standalone Batteries: Starting in 2023, standalone battery storage systems (those not connected to solar panels) also qualify for the 30% Residential Clean Energy Credit.
State Incentives
In addition to federal tax credits, several states offer specific incentives for energy storage, including hybrid solar batteries:
- California: The Self-Generation Incentive Program (SGIP) provides rebates for battery storage, with additional incentives for high fire threat districts and low-income households.
- Connecticut: Offers up to $16,000 for residential customers and 50% savings for businesses.
- Massachusetts: Includes financial incentives and financing solutions through the Mass Save Connected Solutions program.
- New York: Offers a $250 per kilowatt rebate for battery storage, though funding is limited.
These incentives aim to encourage the adoption of renewable and energy storage technologies, promoting cleaner energy solutions nationwide.
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