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30 percent fed tax credit for 2023: ITC = investment tax credit for residential homeowners good for solar(my setups)
it really sounds like they changed it beginning in 2023 that the stand alone ESS battery will then also qualify. so 30 percent federal tax credit beginning in 2023, but they retroactive for all of 2022 if it is charged by solar power the ESS battery.....the 30 percent federal tax credit as I read it....
tax law (inflation reduction act) is complicated and of course, there is so so so much more pork barrel spending also to make it a trillion dollar plus legislation....have to give some to get more legislators to vote for it....I wish they would/could balance the budget and quit going farther in debt, but I still want lower taxes(the impossible feat for the bought and paid for play bribery political system)🤔🤔🤔
every bit of tax breaks will help some to make renewable solar projects more feasible/affordable for some....not for all folks,,,😢😎
lthe stand alone ESS battery will then also qualify...
For Americans with increasingly unreliable grid power, these battery backup systems might be helpful. I have 6 panels as well, but I am in a sunny latitude with an excellent spot to mount them. My 4K Watt battery bank is just enough to get through a one day emergency.