**What You Need to Know About Solar Energy Storage in 2024 and Beyond**
As someone who has spent years in the solar industry, I’ve seen firsthand how policy changes and market dynamics shape the opportunities available to homeowners and businesses. If you’re considering solar panels for your home or already diving into the world of clean energy, understanding the role of energy storage is critical. Energy storage—often paired with a solar array for home use—enhances the efficiency and resilience of renewable energy systems like solar. And this segment of the energy market is evolving rapidly.
Here’s a closer look at the latest developments in the energy storage sector and how they may impact the solar industry moving forward.
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### **The Role of the Investment Tax Credit in Energy Storage Growth**
One of the most exciting updates for solar enthusiasts came in 2023 when the Investment Tax Credit (ITC) expanded to include standalone energy storage systems. Previously, energy storage typically needed to be paired with solar panels or other renewable systems to qualify for the tax credit. Now, standalone storage systems are eligible for a 30% federal ITC. This is a game-changer for homeowners thinking about adding a battery backup to their solar array for home use.
Since this landmark change, energy
Original Article: https://pv-magazine-usa.com/2025/02/06/u-s-energy-storage-market-thrives-despite-political-and-market-uncertainty/
