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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (6858)	11/16/2020 11:52:44 PM
From: elmatador	Respond to of 13803

A Biden administration will boost solar power and storage systems. Companies in the solar storage business will benefit handsomely For example, if you live in California, you could get a cash rebate that covers many of your home battery costs through the Self-Generation Incentive Program (SGIP). Other states (like Massachusetts) are in the early stages of evaluating potential energy storage incentives as well. (Joe Biden may be good to them...) Most recently, Maryland established a solar battery tax credit in 2018 worth up to $5,000 (or $75,000 for commercial installations). Energy storage is a relatively young industry, and there are many states and municipalities that are interested in encouraging installations of solar batteries. Talk to your installer to get the most up-to-date information on incentives for energy storage in your area. Don’t wait too long – the solar tax credit is expiring soon (Joe Biden may extend and sweet these deals !) As of 2020, the ITC has begun to decline: the investment tax credit currently a credit of 26 percent of the cost of your solar–or solar + storage–installation. Here's how the incentive will sunset over the coming years: 2020: Owners of new residential and commercial solar can deduct 26 percent of the cost of the system from their taxes. 2021: Owners of new residential and commercial solar can deduct 22 percent of the cost of the system from their taxes. 2022 onwards: Owners of new commercial solar energy systems can deduct 10 percent of the cost of the system from their taxes. There is no federal credit for residential solar energy systems. https://www.energysage.com/solar/solar-energy-storage/energy-storage-tax-credits-incentives/#:~:text=As%20of%202020%2C%20the%20ITC,or%20solar%20%2B%20storage%E2%80%93installation.&text=2020%3A%20Owners%20of%20new%20residential,the%20system%20from%20their%20taxes.