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Elefine Brochure 2022
Shenzhen Elefine Technology Co., Ltd. Brochure 2022

A booster for the rapid development of overseas household energy storage

Today, I would like to share with you the booster for the rapid development of overseas household energy storage
Some countries or regions have implemented energy storage subsidy policies to effectively promote the promotion and application of household energy storage.

  • 1. The United States: For energy storage systems higher than 5kWh, a maximum 30% investment tax deduction will be given before 2026. Among them, Investment Tax Credit (ITC) is a tax relief policy introduced by the government to encourage green energy investment. Energy storage projects charged by photovoltaics can deduct 30% of the investment in energy storage equipment from taxation.
  • 2. Japan: The Ministry of Economy, Trade and Industry of Japan has contributed a budget of approximately US$98.3 million to provide 66% of the cost subsidies for households and businesses that install battery energy storage.
  • 3. Australia: The South Australian government launched the “Home Battery Program”, providing subsidies of 100 million Australian dollars to help 40,000 households install energy storage systems.
  • 4. Italy: Tax relief for photovoltaic and energy storage systems related to renovation projects has been increased from 50% to 110%.