IRS Letter on Home Batteries Could ‘Open Floodgates for Residential Storage Retrofits’

By [email protected] The Internal Revenue Service has indicated that federal solar tax credits extend to battery systems added as retrofits — a policy that could “open the floodgates” for residential solar installers eager to add energy storage to their mass-market offerings.

That’s how GTM Research analyst Brett Simon summed up a letter from the IRS, released Friday (PDF), in reply to a query from an unnamed married couple. They claimed a federal Investment Tax Credit (ITC) for a battery, inverter, wiring and software they added to their existing rooftop PV system, set up so that it will only store energy from the

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