Yes, claiming the federal battery storage tax credit requires filing IRS Form 5695 (Residential Energy Credits). Key points:
Required documentation
- All expenses: Receipts and invoices for purchase, preparation, assembly, and installation of the battery system.
- Installation year: File for the tax year the system was installed (not purchased).
Form specifics
- Line 5a: Certifies the battery has ≥3 kWh capacity.
- Submission: Attach completed Form 5695 to your federal tax return.
Eligibility notes
- Residences: Applies to primary and secondary homes (excluding rentals).
- Credit rate: Currently 30% for systems installed through 2032.
Consult your contractor to confirm eligibility and keep detailed records. For commercial systems (not residential), see Form 3468 per some guidelines, but Form 5695 is standard for home battery claims.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/are-there-any-specific-forms-required-for-claiming-the-battery-storage-tax-credit/
