There are no maximum size or price limits for the battery storage tax credit in the United States. The credit covers 30% of the project’s cost, with no cap on the amount of the credit, as long as the battery storage system has a minimum capacity of 3 kilowatt-hours and is installed in a dwelling unit used as a residence in the United States.
However, it’s important to note that any rebates or subsidies received must be subtracted from the project’s cost before calculating the credit. Additionally, the credit is non-refundable, meaning you cannot receive more back than you pay in federal income taxes.
For example, if 30% of your project’s cost is $3,000, but you only owe $1,000 in federal income taxes, you would receive a $1,000 credit.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-maximum-size-or-price-limits-for-the-battery-storage-tax-credit/
