Friday, April 19, 2013

IRS Confirms that Batteries Qualify for the Energy Tax Credit But Imposes Limitations

IRS Confirms that Batteries Qualify for the Energy Tax Credit But Imposes Limitations:
A recent IRS ruling confirms that batteries used to store solar electricity qualify for the 30% energy tax credit. At the same time, it imposes significant limits on the amount of the available credit if the battery also stores electricity drawn from the utility grid.

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