CEO Statement on Proposal to Make Storage Projects Eligible for Solar Investment Tax Credit

ESA sincerely thanks Senator Scott and Senator Bennet for their letter to Secretary Mnuchin last Thursday requesting clarification on the eligibility of energy storage in the IRC Section 48 investment tax credit, when storage is added to an existing ITC-eligible technology. Timely issuance of proposed regulations is an important step to stabilize the investment environment, which will accelerate the industry’s work to build a more resilient, efficient, sustainable and affordable electricity grid. That’s why ESA sent its own letter to Assistant Secretary Kautter earlier this month requesting the same, and has been working closely with our colleagues at the Solar Energy Industries Association to communicate the importance of this clarification on storage eligibility. We are pleased that Sen. Scott and Sen. Bennet also see the importance of this issue, and we ask Secretary Mnuchin and Assistant Secretary Kautter to act on their bipartisan request.