thermal energy storage property
Defined in 1 place of the United States Code.
Subject to clause (ii), for purposes of this paragraph, the term “thermal energy storage property” means property comprising a system which—
(I) is directly connected to a heating, ventilation, or air conditioning system,
(II) removes heat from, or adds heat to, a storage medium for subsequent use, and
(III) provides energy for the heating or cooling of the interior of a residential or commercial building.
Source
- 2022–present26 U.S.C. § 48Internal Revenue Code · Energy credit · for purposes of this section