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30% Tax Credit for Battery Storage starting in 2023

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  • 30% Tax Credit for Battery Storage starting in 2023

    Starting in 2023, the IRS is offering a tax credit equivalent to 30% of the cost for battery storage technology. This credit, btw, goes all the way to 2033.
    The only stipulations I have been able to find, thus far, is the capacity must be greater than 3kWh. Put into perspective, thats 3 - 12v 100aH batteries which can easily be had off amazon for under $800-900.

    I have looked and looked and the ONLY qualifier is the 3kWh. No mention as to the battery technology (Lithium/AGM/etc). Oh, it does have to be put on a residence, but it does not have to be the primary residence and.... residence is defined as a place where you can live. They explicitly mention it could be a condo/house boat/apartment/single family home... so... pretty lenient on the application.

    Form 5695 is the tax form. Line 5a.

    Please add add'l info if you know more than this.
    Information updated 12/30/2022 Subscribe to ENERGY STAR’s Newsletter for updates on tax credits for energy efficiency and other ways to save energy and money at home. See tax credits for 2022 and previous years.