The ability to claim the Residential Clean Energy Credit for battery storage depends on your living situation and property use:
- Renters as occupants:
- Eligible if you live in the rented home (even part-time) and meet other criteria.
- Ineligible for landlords who rent out the property but do not personally use it as a residence.
- Key requirements:
- Battery capacity ≥ 3 kWh.
- Installation period: 2022–2032 for 30% credit.
- Property type: U.S. home (includes rented residences where you reside).
IRS Source: Rentals not qualifying refers specifically to landlords renting to others, not to tenants claiming the credit for their own residence. The Rewiring America guidance clarifies that renters can claim this credit if they live in the home.
Final answer:
If you rent and live in the home, you can claim the credit. Landlords cannot claim it for rental properties they don’t personally reside in.
If you rent and live in the home, you can claim the credit. Landlords cannot claim it for rental properties they don’t personally reside in.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-i-claim-the-tax-credit-for-battery-storage-if-i-rent-my-home/
