New York is now considering two bills (S. 5744, A. 7762) that would establish an income tax credit for residential energy storage systems on a taxpayer’s primary or secondary residence. The credit is equal to 25% of the purchase and installation cost, not to exceed $7,000. The proposed incentive is apparently only available for customer-owned storage systems, as the bill refers to the purchase and installation of a qualifying system by the taxpayer at the taxpayer’s primary residence.