There are no specific battery storage brands mandated to qualify for the federal residential clean energy tax credit. Instead, eligibility is based on the battery storage system meeting certain technical criteria rather than the brand itself.
Key Eligibility Criteria for Battery Storage Tax Credit:
- The battery storage technology must have a capacity of not less than 3 kilowatt-hours to qualify for the federal tax credit.
- The battery system must be new, meaning used or previously owned battery storage equipment is not eligible.
- It must be installed in connection with a dwelling unit located in the United States and used as a residence by the taxpayer. This includes principal residences and second homes but excludes rental properties.
Brands and Chemistries:
- According to available guidance, batteries of all brands, chemistries, and costs are eligible as long as they meet the above criteria.
Additional Incentives:
- In states like California, programs such as the Self-Generation Incentive Program (SGIP) provide additional rebates for home battery storage systems, further reducing costs. These programs apply to multiple battery brands without brand-specific restrictions.
Summary:
No specific brands are listed or required to qualify for the federal battery storage tax credit. Instead, the system must meet capacity and usage requirements. Homeowners can choose any brand that meets these criteria and still claim the tax credit. Local and state incentives, such as California’s SGIP, may provide further financial benefits regardless of brand.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-brands-of-battery-storage-that-qualify-for-the-tax-credit/
