A residential energy storage system, when charged exclusively by your personally owned on-site solar electric system, is eligible for the residential Federal Investment Tax Credit (ITC) which is currently 22% of your out of pocket expenses on the system (Installed in 2021).
Please note, that while this program allows the energy storage system to be eligible when operated as mentioned above we are not tax advisors and encourage all of our customers to speak with a tax professional regarding individual eligibility.
Here are some helpful links regarding the tax credit:
- https://www.tesla.com/support/energy/own/powerwall/federal-investmenttaxcredititc
- https://www.energysage.com/solar/solar-energy-storage/energy-storage-tax-credits-incentives/
- http://programs.dsireusa.org/system/program/detail/1235
- https://www.nrel.gov/docs/fy18osti/70384.pdf
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