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Proposed Tax Credit Structure Disincentivizes Battery Storage Adoption for Low-Income Americans

October 6, 2024/

Beginning in 2025, energy storage assets will no longer qualify for the Low-Income Communities Bonus Credit

WASHINGTON, D.C. — Today the Solar Energy Industries Association (SEIA) filed comments on proposed rules for the Low-Income Communities Bonus Credit as it transitions to the technology-neutral tax credit structure in 2025.

Under the proposed rule, beginning in 2025, storage assets will no longer qualify for the benefit, presenting red tape and headaches for residential and community solar companies and storage accessibility issues for solar customers.


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