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The Solar Forecast: Partly Cloudy With a Chance Of Tax Credits

Posted by Green Builder Staff

Mar 12, 2018 9:58:20 AM

With uncertainty in the US solar industry after recent tariffs, there are two potentially beneficial federal developments on the horizon.

Despite a recently approved painful tariff on imported solar panels and modules, there may be some positive news on the US solar front. Two recent federal developments might help solar based energy storage.

This past Friday, the Internal Revenue Service (IRS) determined that residential energy storage systems are eligible for the 30 percent solar investment tax credit when they are charged entirely from an onsite solar array. This ruling likely opens up an opportunity for storage technologies in the residential solar sector. We’d like to see clarity on how this could be broadened to additional solar projects.

The IRS ruling comes just a couple weeks after another major federal development for storage.

Learn more about the other federal development as reported by SEIA

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