Taxpayers with a qualified facility and energy storage technology placed in service after Dec. 31, 2024 may claim the credit. Elective payment and transfer of credits may be available to certain applicable
Customer Service
Tax Credits for Electric Vehicles and Charging Infrastructure Federal tax credits were available to consumers, fleets, businesses, and tax-exempt entities that acquired new, used, and
Customer Service
Some states do not tax business personal property, while others exempt or exclude some renewable resource property from taxation. Not all states classify BESS as a renewable energy
Customer Service
Tax-exempt and governmental entities, such as state and local governments, Tribes, religious organizations, and non-profits may install energy-generation and storage property to meet energy
Customer Service
New guidance from the Treasury Department and IRS was recently released for tax-exempt businesses to implement solar and storage projects, reinforcing the expanded opportunities
Customer Service
BESS tax credits are imperative to the current U.S. objectives of energy dominance and leadership in artificial intelligence (AI) technologies. Battery energy storage systems play a critical
Customer Service
Investments in energy projects offer two primary tax benefits: the ITC and accelerated depreciation. Some developers cannot use these tax benefits themselves but can use them to
Customer Service
Taxpayers should carefully evaluate the application of these changes to their thermal energy storage system projects. The rules outlined in this section apply to property placed in service in tax years
Customer Service
The energy storage industry has continued to progress over the course of 2024 and into 2025, buoyed in significant part by the federal income tax benefits in the form of tax credits enacted
Customer Service
Eligibility: Various energy storage projects qualify, including standalone energy storage. The credit is available under Section 48 of the Internal Revenue Code.
Customer ServicePDF version includes complete article with source references. Suitable for printing and offline reading.
