Coalition of energy associations sent letter urging to enact energy storage tax credit in the US
Post date: 10/04/2019 - 18:39
A broad-based coalition is urging the US House of Representatives to include the Energy Storage Tax Incentive and Deployment Act (H.R. 2096) in »any upcoming tax extenders legislation.« The letter, sent to bipartisan House leadership, was signed by the American Council on Renewable Energy (ACORE), the Energy Storage Association, the American Wind Energy Association, the Solar Energy Industries Association, Advanced Energy Economy, the National Hydropower Association, Citizens for Responsible Energy Solutions, ClearPath Action, and the National Electrical Manufacturers Association.
»Making energy storage an eligible technology for the Investment Tax Credit would have a transformative impact in modernizing the grid, reducing greenhouse gas emissions, and accelerating America’s transition to renewable energy,« stated ACORE President and CEO, Gregory Wetstone. »We applaud the 110 House members who recently expressed their support for an energy storage tax credit and look forward to working with lawmakers on both sides of the aisle to include an energy storage tax credit in extenders legislation this year.«
As reported, past week Congressman Mike Doyle introduced the Energy Storage Tax Incentive and Deployment Act. This legislation would expand the solar investment tax credit (ITC) to encompass energy storage technology for utilities, businesses, and homes, said Doyle.