The federal residential solar energy credit allows homeowners to claim a percentage of their solar PV system costs back on federal income taxes. To qualify, the system must be installed within the tax year. Currently, homeowners in the states can receive a 30% rebate, which will decrease to 26% in 2033 and 22% in 2034.

You may be eligible if:

• Your solar PV system was installed between January 1, 2017, and December 31, 2034.
• The system is located at your U.S. residence.
• You own the system (purchased outright or financed, but not leased) or bought an interest in an off-site community solar project, where the electricity is credited against your home’s consumption.
• The system is new and being used for the first time.

Yes. Starting January 1, 2023, standalone battery storage (batteries not connected to solar panels) also qualifies for the 30% Residential Clean Energy Credit.

To qualify for the 30% tax credit, the battery storage must:

• Be installed in a home in the U.S. used as your residence.
• Have a capacity of at least 3 kWh.

Enjoy a 30% tax credit on any qualifying battery system, regardless of size, price, brand, or manufacturer.

After confirming your eligibility with a tax professional, complete and attach IRS Form 5695 to your federal tax return (Form 1040 or 1040NR). Instructions are available here.

Consult a tax professional to determine your eligibility for tax credits. Dabbsson does not guarantee any tax credit based on our products. This information is for educational purposes and should not be considered legal or financial advice. Always consult a tax professional before making purchasing, investment, or tax decisions.