By Andy Colthorpe
At present in the US, the only nationwide, federal support scheme applied to purchases of energy storage systems is the solar ITC, which gives consumers the right to claim back 30% of the cost of installing a PV system from federal taxes. The ITC is applied to both residential and commercial and industrial (C&I) systems. However, at present, the tax credits are only available for energy storage system purchases if installed at the same time that a solar PV system is being deployed.
[Senator Martin] Heinrich’s bill, which is also known under the abbreviated title “Energy Storage Tax Incentive and Deployment Act of 2017”, has been read twice and now referred to the Senate’s Committee on Finance. Click here to learn more.
By The Energy Show on Renewable Energy World
It only takes a few minutes to fill out the IRS “Residential Energy Credits” Form 5695. For documentation, all you need are copies of all the invoices that apply to the installation of your home solar system. For more about getting your 2016 solar investment tax credit, Listen Up to the Energy Show on Renewable Energy World.
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The Solar Energy Industries Association advocates on behalf of more than 1,000 solar energy companies and is currently leading a nationwide campaign to extend the Solar Investment Tax Credit (ITC) beyond December 31, 2016. Click the image, below, to view SEIA’s short YouTube video on this topic.
CLICK IMAGE TO VIEW THE VIDEO
SEIA’s Solar Investment Tax Credit (ITC) Information Sheet
Fact Sheet covering the basics of the Solar Investment Tax Credit (ITC).