CA SB1118

Creates a 50% tax credit for purchasing backup electricity generators (up to $5,000) or solar batteries (up to $7,500) per residence or commercial property located in designated Tier 3 wildfire zones

Applies to taxable years beginning January 1, 2027, through January 1, 2032, for both personal income tax and corporation tax

Limits eligibility to individuals and small businesses with average annual gross receipts of $15 million or less over the previous three taxable years

Requires backup generators to produce at least 10 kilowatts and comply with State Air Resources Board air quality standards

Unused credits may be carried forward for up to seven years; the credit is only operative in years when the Legislature appropriates funding for its administration