The State of Play for Energy Storage Tax Credits – Publications
The energy storage industry has continued to progress over the course of 2024 and into 2025, buoyed in significant part by the federal income tax benefits in the form of tax credits enacted
Tax-Exempt Entities and the Investment Tax Credit (§ 48 and § 48E)
To calculate the amount your § 48 or § 48E project is eligible for, multiply the applicable tax credit percentage by the “tax basis,” or the amount spent on an eligible unit of energy property or qualified
Battery Storage Tax Credits: What''s Next Amid the
Learn how battery storage (BESS) tax credits (48E ITC) have been affected by the One Big Beautiful Bill Act.
How do tax credits impact the overall cost of energy storage projects
Studies suggest that a 30% standalone energy storage tax credit could increase U.S. storage capacity forecasts by 20-25% over five years. This growth contributes to a more robust and
Energy Storage Gets Its Own Credit: What Developers Need to Know
The Inflation Reduction Act (IRA) of 2022 allowed energy storage systems to qualify for Investment Tax Credit (ITC) for energy storage technologies. This change has opened the door to a large pipeline of
SALT and Battery: Taxes on Energy Storage
In this installment of Andersen''s Sodium Podium, the authors discuss the differing property tax and sales tax considerations regarding battery energy storage systems and examine the
What the budget bill means for energy storage tax credit eligibility
Storage projects that start construction before 2033 will remain eligible for both the ITC and PTC. Those beginning in 2025 can receive an ITC of up to 50% under 48E if domestic content
Page 1: Solar Tax Credits for Building-Related Energy Projects
Tax credits that remain available well into the 2030s (such as Section 48E for energy storage); and Permanent options for “full expensing” that accelerate tax write-offs of energy-related
Final regulations address eligible energy property for IRC Section 48
The Final Regulations answered taxpayer questions on the eligibility requirements for biogas and standalone energy storage. The Final Regulations also modify the prevailing wage and
Investment tax credit for energy property under section 48
Taxpayers should carefully evaluate the application of these changes to their thermal energy storage system projects. The rules outlined in this section apply to property placed in service in tax years
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