The residential clean energy property credit, which is available until 2034, is a 30% credit that now includes battery storage technology as an eligible expense.

To qualify for the credit, the following equipment must meet or exceed the highest efficiency tier established by the Consortium for Energy Efficiency at the beginning of the year in which the property is put into service:

• Central air conditioners.

• Natural gas, propane or oil water heaters.

• Natural gas, propane or oil furnaces and hot water boilers.

• Biomass stoves and boilers with a thermal efficiency rating of 75% or more.

Additionally, the credit applies to improvements or replacements of panelboards, sub-panelboards, branch circuits or feeders installed with building envelope components