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Utility Dive: Energy storage industry pushes for clarity on tax credit eligibility

Posted by Robert Walton on Nov 27, 2018

This Utility Dive brief discusses the push by a coalition of groups, led by the ESA and including Advanced Energy Economy, for Congress to clarify which technologies are eligible for tax credit incentives. Link to the full piece here.

Excerpts of the 
UD story are below: 

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…

Clean energy technologies are looking to the lame duck Congressional session for support, with battery storage joining electric vehicles in lobbying lawmakers on the way out.

Clarifying that energy storage projects may utilize the ITC "would provide greater certainty to investors and businesses," ESA and other groups said in a Nov. 26 letter to Congressional leaders. The two bills in Congress, they argue, "would allow a diversity of U.S. companies to better obtain financing, scale, create jobs, and become more competitive internationally in the fast-growing global storage market."

ESA's lobbying attempts are being joined by seven other groups, including the American Wind Energy Association, the Solar Energy Industries Association and Advanced Energy Economy

See the complete Utility Dive story here.

Topics: United In The News