Tax Credit for Residential Energy Storage Systems

You can receive a 10% tax credit on the purchase price of a residential energy storage system (like lithium-ion batteries) in Colorado, applied as a discount at the point of sale—you don't need to wait to claim it on your taxes. This incentive is available to all residential buyers, including those in low-income households.

You can offer customers a 10% discount on energy storage system purchases, with Colorado covering that cost through a tax credit your company applies for after the sale. This point-of-sale mechanism makes the incentive immediately visible to customers, potentially increasing sales appeal.

The program provides a 10% tax credit on residential energy storage purchases, administered at point of sale where the seller receives the discount and the installer/seller applies to the government for reimbursement. It targets residential and low-income residential sectors installing lithium-ion storage systems.