HCI Energy products are eligible for a 30% IRA Clean Energy Tax Credit
When searching for a reliable turnkey power system or uninterruptible power supply (UPS), government incentives may not be part of the decision criteria. That’s why we want HCI customers to know that when they purchase an HCI power system for their microgrid project, they may qualify for a 30% tax credit in 2023 and in future years under The Inflation Reduction Act (IRA).
The Time for Renewable Energy is Now!
With clean energy provisions and tax incentives, the IRA rewards businesses who adopt renewable solutions. To qualify for the credit, businesses and individuals must meet certain criteria, such as installing a certain amount of clean energy capacity or using a certain percentage of renewable energy sources. The credit is also available for energy storage systems, which are important for integrating intermittent renewable energy sources into the grid.
HCI’s Zero-glitch Power Module (ZPM) and Hybrid Power Shelter qualify for a 30% tax credit under the Microgrid Controller category. This means you could save thousands of dollars on a microgrid project with HCI.
To qualify for the tax incentives, a microgrid must:
Be designed to operate independently or in conjunction with the main power grid.
Incorporate renewable energy sources such as solar, wind, or geothermal power.
Have the ability to store energy using battery or other energy storage technologies.
Be able to provide backup power during grid outages or emergencies.
Meet the technical standards set by the IRS to ensure that the microgrid is an efficient and reliable source of power.
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HCI Solutions are Built for Today and Designed for the Renewable Future!
Our team is here to help you comply with the IRA application process so your HCI purchase will qualify. Get in touch to learn more about HCI’s power solutions.
HCI’s ZPM & Hybrid Power Shelter are Eligible for a 30% tax credit as Microgrid Controllers.
Additional Links and Resources
Clean Energy Tax Provision in the Inflation Reduction Act | Clean Energy | The White House
Funding for Tribes in the Inflation Reduction Act | Clean Energy | The White House
Summary of Inflation Reduction Act provisions related to renewable energy
From the artic to remote islands, HCI provides continuous, renewable power anywhere.
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