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Daily Energy Insider: Sens. Gardener, Heinrich introduce bill to establish investment tax credit for energy storage

Posted by Kevin Randolph on Apr 16, 2019

Daily Energy Insider covers  bipartisan legislation introduced into Congress by Senators Cory Gardner (R-CO) and Martin Heinrich (D-NM) that establishes an investment tax credit (ITC) for business and home use of energy storage, noting AEE support. See excerpts below and the entire Daily Energy Insider story here:

U.S. Sens. Cory Gardner (R-CO) and Martin Heinrich (D-NM) recently introduced a bill to establish an investment tax credit (ITC) for business and home use of energy storage.

“This bipartisan legislation is just one part of our efforts to move toward a cleaner and more reliable electrical grid,” Sen. Gardner said. “Energy storage can help grid operators shift wind and solar energy to when it’s most needed, allowing us to increase the amount of renewables in our energy mix. Homeowners and businesses can use storage to smooth out their peak power usage or to ride through temporary utility outages. We have got to get the storage component right, and this tax credit is a great step in the right direction to help advance clean energy goals…”

It is supported by the Energy Storage Association (ESA), Advanced Energy Economy (AEE), American Council on Renewable Energy (ACORE), American Wind Energy Association (AWEA), ClearPath Action, Citizens for Responsible Energy Solutions (CRES), National Electrical Manufacturers Association (NEMA), National Hydropower Association (NHA) and Solar Energy Industries Association (SEIA).

See the complete Daily Energy Insider story here.

Topics: AEE In The News