Energy Storage Investment Tax Credit (ITC) Overview

Posted: November 14, 2013 - 13:12 / ESA / Issue Brief

Bipartisan legislation that would create an ITC for energy storage has been introduced in the House (H.R. 1465) by Representatives Chris Gibson (R-NY) and Mike Thompson (D-CA) and in the Senate (S. 1030) by Senators Wyden (D-OR), Collins (R-ME), Merkley (D-OR), and King (I-ME). This legislation will send the appropriate market signals to ensure this clean, efficient, and reliable technology choice is available to reduce our dependence on imported fuel, strengthen our infrastructure, and provide energy security through diversity.