The Inflation Reduction Act (IRA), signed into law by President Joe Biden on August 16th of this year, includes clean energy and climate-related incentives worth approximately $370 billion. This could supercharge climate change mitigation and, in particular, increase interest in industrial, commercial, and residential energy storage systems such as vanadium batteries.
Tax Credits for Residential Solar & Storage Systems — Including Vanadium Batteries
The IRA’s $370 billion incentives are tax credits for purchasing and using clean energy technology for both industrial applications as well as residential installations.
For instance, under the IRA, homeowners will receive a 30% tax credit for installing residential solar panels, solar plus energy storage systems, or standalone energy storage systems before December 31, 2034.
Those who have already scheduled or installed a…
How Inflation Reduction Act Will Subsidize Residential Energy Storage Systems, Including Vanadium Batteries
