Yes, you can claim the tax credit for a battery storage system installed in a second home. Here are the details:
- Eligibility for Second Homes: Both principal residences and second homes qualify for the Residential Clean Energy Credit, but rentals do not.
- Battery Storage Requirements: The battery storage system must have a capacity of at least 3 kilowatt-hours to be eligible for the tax credit.
- Credit Details: For systems installed after December 31, 2021, and before January 1, 2033, the credit is 30% of the total qualified costs, including labor and installation expenses.
- Claiming the Credit: You can claim the credit for two residences if you used them as a residence during the year. Complete the relevant sections of Form 5695 to report the costs.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-i-claim-the-tax-credit-if-i-installed-the-battery-storage-system-in-a-second-home/
