CleanTechnica: U.S. energy industry urges Congress to fix ITC eligibility for energy storage

Posted by Joshua S Hill on Nov 29, 2018

This Clean Technica piece covers the push by a coalition of groups, led by the Energy Storage Association and including AEE, urging Congress to modify the tax code to include energy storage as eligible for tax credit incentives. Link to the full piece here.

Excerpts of the Clean Technica story are below: 

A broad coalition of energy trade and advocacy organizations filed a letter to the U.S. Senate and House leaderships this week, urging them to modify the tax code to include energy storage as an eligible technology for the country’s Investment Tax Credit, or ITC.

Dated Monday 26 November, the letter calls on Speaker Paul Ryan and Leader Nancy Pelosi of the House of Representatives and Majority Leader Mitch McConnell and Minority Leader Charles Schumer of the Senate to “consider end-of-year legislation … to clarify that the investment tax credit … includes energy storage as an eligible technology.” Specifically, the letter explains that there is “bipartisan, bicameral support for this common-sense bill, the Energy Storage Tax Incentive and Deployment Act … which would ensure a level playing field for energy storage to compete with all other energy resources made eligible for the ITC.”

The coalition of energy groups — which includes the Solar Energy Industries Association (SEIA), American Wind Energy Association (AWEA), Energy Storage Association (ESA), Advanced Energy Economy (AEE), and others — believes that such a commitment by the US Government would help bolster an industry that already supports over 90,000 US jobs…

See the complete CleanTechnica story here.

 

Topics: AEE In The News