To qualify for the federal tax credit under the Inflation Reduction Act, a battery storage system must meet the following criteria:
- Installation Location: The battery storage must be installed in connection with a dwelling unit located in the United States. This includes principal residences and second homes, but rentals do not qualify.
- Usage: The system must be used as a residence by the taxpayer.
- Capacity: The battery storage capacity must be at least 3 kilowatt-hours (kWh).
There are no restrictions on the maximum size, price, brand, or manufacturer of the battery storage system, meaning that systems of any size can qualify for the tax credit as long as they meet the above criteria. The tax credit is currently set at 30% of the costs and applies to systems installed from 2022 through 2032.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-criteria-for-a-battery-to-qualify-for-the-tax-credit/
