Battery Storage

25D Tax Credit

Save Up To 0%

2024 Battery Storage Rebates

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Tax Credits

Thanks to the Inflation Reduction Act, households in Connecticut can claim an uncapped 30% tax credit for installing a battery storage system under 25D. This means that when a household installs a battery storage system as part of their clean energy setup, they can claim a tax credit equal to 30 percent of the total cost of the battery storage installation. The tax credits are nonrefundable personal tax credits, which means that a taxpayer claiming these credits can only use them to decrease or eliminate their tax liability. If the taxpayer’s tax liability is less than the amount of the credit, they will only be able to claim the amount of the credit up to the amount of their tax liability. These credits cannot be used to generate a tax refund on their own, but they can be carried forward to future tax years if the full credit amount cannot be used in the current year. Additionally, the eligibility criteria for tax credits can change, so it’s always best to consult with a tax professional for the most up-to-date information.

 

 

 

The Advantages

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There are several advantages of battery storage for homeowners in Connecticut, including:

  1. Resilience against power outages: Battery storage systems provide a backup power source during power outages, ensuring that critical home appliances such as refrigerators, lights, and medical equipment can continue to operate.
  2. Reduced electricity bills: Battery storage systems allow homeowners to store excess solar energy generated during the day and use it during peak hours when grid electricity is most expensive, thus reducing their electricity bills.
  3. Increased energy independence: By using battery storage systems in combination with solar panels, homeowners can become less dependent on the grid, reducing their reliance on traditional utility companies.
  4. Environmental benefits: Battery storage systems allow homeowners to use more clean and renewable energy, reducing their carbon footprint and contributing to a cleaner environment.
  5. Improved grid stability: By reducing peak demand on the grid, battery storage systems can help improve the overall stability and reliability of the electric grid, benefiting all electricity users.

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Costs & Savings

Averarge Cost

$16000 - $0

(Without Rebate)
Upgrade Lifespan

5 - 0

(In Years)

According to the information provided by EnergySage, the average initial cost of a storage system in Connecticut in 2023 is somewhere between $16,000 and $22,000 for a system size of 13 kWh, with an average gross price of $19,000. It’s important to note that the specific cost of a battery storage system (or solar + storage system) will depend on the size, quality of equipment, type of inverters, and storage capacity and chemistry of the battery.

A "Home Energy Solutions" Energy Audit is Your Best First Step.

Looking to maximize your Battery Storage incentive/rebate and achieve optimal energy savings for your home? Look no further than a comprehensive Home Energy Solutions (H.E.S.) audit. By identifying areas of energy waste and recommending upgrades to enhance efficiency, a HES assessment is the logical first step in your energy savings journey. Plus, with the HES Score you receive, you'll be able to qualify for the best incentives available. Don't miss out on the opportunity to save energy and money - schedule your HES audit today and start your journey towards a more efficient home.

H.E.S. only costs you $75 out-of-pocket. It could be free-of charge if you qualify for Home Energy Solutions Income-Eligible (H.E.S.-IE).

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$0

Service Cost (free-of-charge if eligible*)

$0

Average Annual Energy Savings

$0

Weatherization Service Value

$0

Average 1st Year Savings

Insulation

Rebate: $1.70 per Square Foot
Max Rebate N/A
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 20 - 50
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Triple Pane Window

Rebate: $100 per Unit
Max Rebate N/A
Avg. Lifetime Savings $10000
Avg. Lifespan (Years) 20 - 30
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Ground Source Heat Pump

Rebate: $1250 per Ton
Max Rebate $15000
Avg. Lifetime Savings $50000
Avg. Lifespan (Years) 25 - 50
Learn More

Smart Thermostat

Rebate: $85 per Unit
Max Rebate N/A
Avg. Lifetime Savings $565
Avg. Lifespan (Years) 9 - 10
Learn More

Tankless Gas Water Heater

Rebate: $300 per Unit
Max Rebate N/A
Avg. Lifetime Savings $2000
Avg. Lifespan (Years) 18 - 20
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Natural Gas Furnace

Rebate: $650 per Unit
Max Rebate $650
Avg. Lifetime Savings $1550
Avg. Lifespan (Years) 18 - 20
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Natural Gas Boiler

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $20000
Avg. Lifespan (Years) 18 - 20
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Heat Pump Water Heater

Rebate: $750 per Unit
Max Rebate $750
Avg. Lifetime Savings $4000
Avg. Lifespan (Years) 10 - 12
Learn More

Gas Condensing Water Heater

Rebate: $300 per Unit
Max Rebate $300
Avg. Lifetime Savings $1500
Avg. Lifespan (Years) 10 - 11
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Boiler Circulator Pump

Rebate: $35 per Unit
Max Rebate $35
Avg. Lifetime Savings $4800
Avg. Lifespan (Years) 10 - 15
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Air Source Heat Pump

Rebate: $1250 per Ton
Max Rebate $15000
Avg. Lifetime Savings $15000
Avg. Lifespan (Years) 15 - 20
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Want to know about pricing? Get a FREE quote today!

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