December 18, 2018

Renewable Industry Urges Congress to Modify the Tax Code to Include Energy Storage

The US Solar Energy Industries Association (SEIA), alongside a broad coalition of energy trade and advocacy organizations, filed a letter to urge the US Congress to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC).  Energy storage systems are critical to modernization of the electric grid. The National Governors Association has underscored the multiple benefits of energy storage to save utilities, businesses, and households money while enhancing grid reliability and resilience.  Energy storage systems are also fuelneutral and help any generation resource connected to the grid become more efficient, productive, and competitive.

"'In the energy world, you’d be hard-pressed to find an example of two technologies that complement each other as well as solar plus storage," commented SEIA president and CEO Abigail Ross Hopper:

"Yet without clear rules of the road, companies continue to face financial uncertainty in their investments. SEIA, alongside with partner organizations, is urging Congress to enact the Energy Storage Tax Incentive and Deployment Act, a common-sense bill that will encourage investment, jobs and accelerated deployment of solar plus storage projects."

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