By Robert Walton, Utility Dive
A coalition of groups led by the Energy Storage Association (ESA) is calling on lawmakers in the U.S. House and Senate to clarify that energy storage systems qualify for the Investment Tax Credit (ITC), an incentive they say could help clean energy companies obtain financing, compete internationally and grow.
Bipartisan legislation in both houses of Congress would “ensure a level playing field” for storage resources, according to ESA. The Energy Storage Tax Incentive and Deployment Act (H.R. 4649 / S. 1868) would apply to utility-scale battery projects as well as smaller residential systems.
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Image Credit: Flickr; USCapitol
SEIA Urges Congress to Fix ITC Eligibility of Energy Storage This Year, News Release