Income restrictions for energy storage incentives in the United States do not inherently differentiate between new and existing homes based on the type of home (new vs. existing). Instead, the primary focus is on the eligibility criteria for the tax credits and other incentives. Here are the key points to consider:
Eligibility Criteria
- Residential Clean Energy Credit: Both new and existing homes qualify for this credit. The credit applies to qualified clean energy property installed in a U.S. residence, including solar panels and energy storage systems over 3 kWh.
- Income-Related Incentives: While income restrictions do not apply directly to the Residential Clean Energy Credit, other programs like the Low-Income Communities Bonus Credit aim to support low-income households. However, as of 2025, storage assets are set to be ineligible for this bonus credit, affecting the incentives for projects benefiting low-income communities.
Key Differences in Incentives
- Federal Tax Credits: There are no specific income restrictions for federal tax credits such as the Residential Clean Energy Credit. The credit is 30% of qualified expenses through 2032.
- State and Local Incentives: Some states offer additional incentives or rebates, but these typically do not differentiate based on the home’s age. Instead, they focus on the type of energy system and the consumer’s participation in specific programs.
Business vs. Residential Use
- Business Use: Incentives like the Clean Electricity Investment Credit (CEIC) exist for commercial properties, which can provide credits based on specific requirements but are not directly comparable to residential incentives.
In summary, income restrictions do not apply differently based on whether a home is new or existing. However, certain programs may target low-income households with specific additional incentives, though these can change over time.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/do-income-restrictions-apply-differently-for-energy-storage-incentives-in-new-versus-existing-homes/
