How to Gain Solar & Clean Energy Tax Credits with Yoshino

Disclaimer: Before reviewing this guidance, please be aware that tax matters can be highly individualized and complex. Yoshino does not provide any assurances or guarantees regarding potential tax credits related to our products. The information presented here is for educational purposes only and should not be considered legal advice. We strongly recommend consulting a tax professional for accurate and personalized tax guidance.

Solar energy is becoming a game-changer for households worldwide, and for good reason—it’s eco-friendly, cost-efficient, and now even more accessible with tax incentives such as the Residential Clean Energy Credit, popularly known as the Federal Solar Tax Credit. If you’re a tech-savvy homeowner interested in energy independence or a self-sufficient individual looking to save on electricity bills, this guide will walk you through how you can qualify for these credits by investing in a Yoshino EXB1 Expansion Battery for the B4000 SST portable power station.

With the right tools and knowledge, you can unlock up to 30% savings on clean energy upgrades. From how the tax credit works to purchasing the gear you’ll need, we’ve got you covered.

 

What Is the Federal Solar Tax Credit?

The Federal Solar Tax Credit, formally dubbed as the Residential Clean Energy Credit, allows you to claim 30% of the total cost of approved solar energy systems and other clean energy upgrades as a tax credit. This includes products like solar panels, energy storage devices (such as the Yoshino B4000 SST and EXB1 expansion battery), and even the costs of installation and permits to get your system up and running.

What does 30% mean for your wallet? For example, if you invest $10,000 in eligible solar energy products, you could save $3,000 through this tax credit. While the credit is non-refundable—meaning it can’t exceed the amount of taxes you owe—you can roll any unused portion into the following year.

The best news? This credit has no annual limit, and with a portable power solution like the Yoshino system qualifying as clean energy storage, you can start claiming these benefits while lowering your electricity costs.

 

How Does the 30% Solar Tax Credit Work?

The Federal Solar Tax Credit, officially known as the Residential Clean Energy Credit, offers taxpayers an opportunity to reduce their federal income tax liability by up to 30% of the total expenses incurred for the purchase, installation, and associated costs of a solar energy system.

The exact percentage of the tax credit you qualify for may depend on various factors, including the date your solar energy system was installed and became operational.

Eligibility Criteria and Timeline

For homeowners who have installed qualifying residential solar energy systems since 2006 and have not yet claimed the tax credit, this benefit remains available. However, systems installed prior to 2006 are not eligible for relief under this program.

The extended eligibility window stems from the origins of the Federal Solar Tax Credit itself. Previously known as the Solar Investment Tax Credit (ITC), this initiative had provided a 30% tax credit for residential solar installations from 2006 through 2019. The ITC was subsequently reduced to 26% during the 2020 and 2021 tax years.

With the passage of the Inflation Reduction Act of 2022, the tax credit was restored to its original 30% rate and renamed the Residential Clean Energy Credit. This adjustment ensures ongoing support for residential solar adoption.

 

Non-Refundable Nature and Carryforward Provisions

It is important to note that the Residential Clean Energy Credit is classified as a non-refundable tax credit. This means that if the amount of the credit exceeds your federal income tax liability for the year in which it is claimed, the excess will not be refunded as a cash payment.

However, taxpayers can carry forward any unused credit to offset their federal income tax liabilities in future tax years, providing additional flexibility for those unable to fully utilize the credit in the year of installation.

By leveraging the Federal Solar Tax Credit, eligible homeowners can not only reduce their tax burden but also contribute to a cleaner energy future.

 

Why Choose the Yoshino EXB1 for Your Solar Energy Setup?

The Yoshino EXB1 Expansion Battery is designed for seamless integration with the B4000 SST Solid-State Power Station, giving you an ultra-reliable and efficient energy storage solution. With its cutting-edge solid-state Li-NCM battery technology, it provides better safety, longer battery life (well over 11 years of everyday use), and higher capacity compared to traditional lithium-ion batteries. Here’s why it’s a top choice for clean energy enthusiasts:

· Massive Storage Capacity: Expand the power of your Yoshino B4000 SST with an additional 2,562Wh capacity, ensuring long-lasting power for your home.

· Solar-Compatible: With high solar input capabilities of 1200W per expansion battery (B4000 SST is 600W), the system allows connection to solar panels, efficiently capturing and storing solar energy.

· Scalable Design: Thanks to its integrated Infinity Connect technology, you can link up to 16 expansion batteries for a maximum capacity of 43.6kWh, making Yoshino perfect for both modest and large-scale energy needs.

· Energy Security: Whether it’s an emergency backup during blackouts or an off-grid solution, the EXB1 ensures you always stay powered.

Not only does it offer flexibility and sustainability, but the Yoshino EXB1 may also qualify for tax credits, helping you save upfront.

 

How to Earn Tax Credits with the Yoshino System

Investing in the Yoshino EXB1 and B4000 SST system could qualify you for the Federal Solar Tax Credit. Follow these simple steps to make the most of this opportunity and reduce your upfront costs.

1. Confirm Eligibility

To qualify for the tax credit, verify that your Yoshino system purchase meets these requirements under the IRS guidelines for clean energy property tax credits:

· Storage Capacity: Your battery must have a minimum storage capacity of 3kWh—which the EXB1 easily surpasses by adding an additional 2,562Wh on top of the 2,611Wh supplied by the B4000 (5.1kWh total).

· Primary or Secondary Home: Install the system at your primary or secondary residence in the U.S. (Sorry, rentals don’t qualify unless you own the system!)

· New Purchase Requirement: The equipment must be new and purchased for the first time. Refurbished systems are not eligible.

The US Department of Energy may also offer certain tax incentives to corporations to assist in financing projects deemed beneficial to the public. For more information, visit their website here.

 

2. Purchase & Install Your Solar-Driven Power System

Combine your Yoshino B4000 SST power station with compatible solar panels to create a clean, renewable energy solution that generates and stores electricity for your home. The EXB1 Expansion Battery not only boosts capacity but also adds 1,200W of solar input (EXB1 battery only, 600W max on the B4000), ensuring optimal energy efficiency at all times.

To maximize your solar setup’s benefits, choose panels and systems that comply with Federal Solar Tax Credit stipulations. Need help? The Yoshino team is just a call away.

 

3. Keep Your Receipts and Documentation

You’ll need proof of purchase to claim the clean energy tax credits. Retain receipts, invoices, or contracts detailing the costs associated with your Yoshino system purchase and solar panel installation. Ensure each document includes labor charges, permitting fees, and any additional expenses related to connecting your system.

 

4. File IRS Form 5695

Come tax season, complete IRS Form 5695 (Residential Energy Credits) to claim your credit. On line 1 of the form, enter the total costs spent on eligible energy equipment, which includes the Yoshino system and its associated installations. For example:

· System Cost (Yoshino B4000 SST + Yoshino EXB1 + Solar Panels): $9,000

· Tax Deduction (30% of $9,000): $2,700 

When filing your tax return (Form 1040), transfer the credit amount from Form 5695. If using software like TurboTax, simply input your costs—you’ll receive automatic calculations and guidance.

 

5. Apply for Any State or Local Incentives

Some states offer additional credits or rebates for clean energy systems. Do your research or speak with a tax professional to ensure you maximize all available benefits. Incentives like net metering (which compensates you for excess energy sent to the grid) can further boost your savings. California, Florida, and Texas are just some examples of states that offer additional incentive programs.

Benefits of Solar Energy Beyond Tax Incentives

Investing in a Yoshino power kit (B4000 + EXB1 Expansion(s)) not only entitles you to tax credits but also offers long-term perks that align with your commitment to sustainable living and energy independence.

 

Reduced Electricity Bills

By capturing and storing solar energy, you can reduce or even eliminate your reliance on costly utilities.

 

Emergency Preparedness

The EXB1's robust capacity ensures you have reliable backup power during emergencies, blackouts, or general outages. Critical devices like refrigerators, medical equipment, and communication systems will stay powered up.

 

Support Sustainable Living

Switching to portable, renewable energy solutions helps reduce reliance on fossil fuels, lowering your carbon footprint and contributing to a greener planet.

 

Take the First Step Toward Clean Energy Savings

Adding the Yoshino EXB1 Expansion Battery to your B4000 SST Power Station is more than an eco-friendly decision—it’s a financially smart one. With energy bill savings, reliable backup power, and the ability to claim the 30% Federal Solar Tax Credit, the benefits are undeniable.

Are you ready to save money, reduce your carbon footprint, and gain energy independence? Order your Yoshino EXB1 today and start enjoying the peace of mind that comes with smart, sustainable living.