IRS: Solar Energy Storage Upgrade Is Eligible For Tax Credit
Reprinted with permission from Solar Industry, March 12, 2018
In a new letter ruling (PLR 201809003) issued on March 2, the Internal Revenue Service (IRS) ruled that a residential behind-the-meter solar energy storage device – a battery – meets the definition of “qualified solar electric property expenditure” under section 25D(d)(2) of the Internal Revenue Code of 1986 (the code), as amended, if 100% of the energy used by the battery is derived “from the sun,” therefore allowing the 30% tax credit for the energy storage device. Read More
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