- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Battery installed into work truck for running power tools for business. Federal Business Solar Tax Credit?
Edit: Still have this question if the laws have become any more clear?
In 2023, I purchased over 5kwh (and under 1 megawatt) of Lifepo4 batteries along with a charger and inverter setup; installed them inside my work box-truck myself (self-employed) for running my tools off of; and for now recharge only from my home AC outlet (with hopes of adding solar panels down the line). Can this be claimed under the solar tax credit/storage investment tax credit for businesses on 2023 taxes?
I am pretty sure not being attached to solar is ok, but I am not sure being installed in a vehicle (though being used for business) is ok. Or if it is only applicable if installed into a residence or building. Anything else I need to look out for or things I should do for claiming this credit? Any accessories like cables and such would be included I assume? More relevant info posted in my reply below.