INTRODUCING PWRCELL BATTERY & ENERGY STORAGE SYSTEM
Home battery backup systems, such as the PWRcell by Generac or the Tesla Powerwall, store energy, which you can use to power your house during an outage. Battery backups run on electricity, either from your home solar system or the electrical grid. As a result, they’re much better for the environment than fuel-powered generators.
Separately, if you have a time-of-use utility plan, you can use a battery backup system to save money on your energy bills. Instead of paying high electricity rates during peak usage hours, you can use energy from your battery backup to power your home. In off-peak hours, you can use your electricity as normal — but at a cheaper rate.
THE PWRCELL HOME BATTERY STORAGE SYSTEM – HERE’S HOW IT WORKS:
PREPARE FOR POWER OUTAGES
PWRcell can also provide whole home backup power during utility power outages, helping you and your family stay comfortable and secure in your home.
REDUCE ENERGY COSTS
The energy stored can be discharged to power your home during peak demand times when the cost of utility power is higher, which can help you save money on your utility bill.
HELP THE ENVIRONMENT
PWRcell’s revolutionary battery storage technology captures and stores energy from the sun using solar panels or the electrical grid.
SYSTEM DESIGN
Every PWRcell system comes standard with an inverter, battery storage cabinet and lithium ion battery modules, and pairs with solar panels from most manufacturers. The PWRcell inverter and battery cabinet can be installed either inside of a garage or on the exterior of a home.
The Generac PWRcell features a modular design that allows you to expand your storage capacity as your power needs evolve. Homeowners are able to start out with a 9kWh solar + battery storage system and expand in increments of 3kWh up to 36kWh.
Reduce your energy costs and be prepared for power outages with the Generac PWRcell.
ACT NOW – ADD A SOLAR + BATTERY STORAGE SYSTEM & SAVE
If you’re thinking about adding a solar + battery storage system, now is the time to do it! The federal homeowners’ solar tax credit (ITC) has been increased from 26% to 30% and extended through the year 2034. This will help eligible customers unlock additional average savings to offset the cost of their solar + battery storage system installation!
FREQUENTLY ASKED QUESTIONS ABOUT THE INVESTMENT TAX CREDIT
Also known as the investment tax credit (ITC), this credit can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system. In August 2022, President Biden signed the Inflation Reduction Act into law which raised the ITC credit from 26% to 30% and extended it through 2034. After this year, standalone batteries will also be eligible for ITCs. Depending on IRS guidance on how expansive this new category will be, it may create expanded opportunity for battery retrofits on homes with existing solar and new opportunities for standalone battery systems.
- Homeowners who are eligible to leverage the 30 percent ITC can plan to see the following expenses included as part of the tax credit:
- Cost of solar panels
- Labor costs for installation, including permitting fees, inspection costs, and developer fees
- Balance-of-system equipment, like inverters, wiring, and mounting hardware
- Home batteries charged by your solar equipment
- Sales taxes on eligible expenses
- You might be eligible for this tax credit if you meet all of the following criteria:Have sufficient tax liability. This is the amount of federal tax you owe in a calendar year (whether paid through withholdings or as a lump sum). If you owe taxes at the end of the year, the tax credit reduces what you pay. If you’ve already had federal taxes withheld throughout the year, the tax credit will be part of the calculation for a refund when you file your taxes. If you have insufficient tax liability you may be able to carry over part of the credits into future years for as long as the tax credit is in effect. Consult a tax professional for additional information.
- Your solar = project must be installed and made operational within the year that you claim the tax credit.
- You own the solar project. A financed system is also considered eligible, as is one purchased outright.
- The solar new or being used for the first time (not being re-used or re-installed).
Yes. However, because of the Inflation Reduction Act it is not set to step down to 26% until the year 2032.
This information is for informational purposes and is not provided, and should not be relied on, as tax, legal, or accounting advice. You should consult your own tax, legal and accounting advisors for information.
LOCAL INCENTIVES TO SAVE MONEY BY GOING SOLAR
On top of the federal tax incentive, there may be state and city-level programs available to encourage solar + battery storage adoption. In most cases, state and local programs stack with the federal incentive, increasing your savings. Be sure to do your research and talk to your installer about possible local incentives so that you can take full advantage of any available savings.
LOWER YOUR ENERGY BILL WITH NET METERING
Net metering (also known as net energy metering or NEM) is a solar incentive that allows you to store energy in the electric grid. When your solar panels produce more electricity than you need, that energy is sent to the grid in exchange for credits. Then, at night or other times when your solar panels are underproducing, you pull energy from the grid and use these credits to offset the costs of that energy.
PLUS, GET INSIGHTS AND SAVINGS FROM THE GENERAC PWRVIEW APP
Receive outage notifications, keep tabs on your energy consumption, monitor your battery usage, and track your savings right from your smartphone or tablet with PWRview, Generac’s home energy monitoring app. Get valuable energy insights at your fingertips. Learn more.
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