Tag Archives: U.S. infrastructure

Top Senate Democrat calls for permanent renewable energy, storage, EV tax credits

By Christian Roselund, PV Magazine

Last Thursday, Senator Chuck Schumer (D-NY), the Democratic Leader in the Senate, sent a letter to President Trump demanding that any infrastructure package taken up in 2019 include “policies and funding to transition to a clean energy economy and mitigate the risks that the United States is already facing due to climate change.”

And in a list of policies that Schumer says should be included, the top item is “permanent tax incentives for domestic production of clean electricity and storage, energy efficient homes and commercial buildings, electric vehicles, and modernizing the electric grid.” In concrete terms, this could mean an extension of the Investment Tax Credit (ITC) for solar and energy storage, the Production Tax Credit (PTC) for wind and the federal electric vehicle (EV) tax credit. Read more here.

Photo Credit: Wikimedia Commons

ENERGY STORAGE ITC: AWEA NEWS RELEASE

Yesterday a coalition of more than 150 companies and energy groups issued a letter to Congressional leadership asking for a stand-alone storage Investment Tax Credit (ITC). The Energy Storage Tax Incentive and Deployment Act would ensure a level playing field for energy storage to compete with all other energy resources currently eligible for the ITC.

The American Wind Energy Association (AWEA) signed onto the letter and issued the following statement in support:

“Energy storage technology will play an important role as we build an even more affordable and reliable electricity grid for the 21st Century,” said Tom Kiernan, CEO of AWEA. “We’re asking Congress to reduce uncertainty for investors by creating a stand-alone energy storage ITC for which all storage technologies can qualify. A level playing field for the full range of storage technologies will ensure consumers benefit from competition and will boost job-creating investment in infrastructure projects, including new opportunities for wind farm development.”
Read the entire news release here.