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Alternative Energy Tax Credits for the Storage Sector

Posted on October 07, 2008

Last Friday's extension and expansion of tax credits for solar energy property will for the first time provide substantial tax incentives for the use of storage devices and power conditioning equipment in connection with residential photovoltaic solar systems. While these ancillary systems have always been included in the regulatory definition of qualified electric generation equipment, the old cap of $6,667 on eligible investments was typically exhausted by solar panel purchases, which left no real incentive for ancillary systems. With last Friday's elimination of the cap on qualified solar e...

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alternative energy , battery , electric , photovoltaic , solar , solar energy , solar panels