ESA Filings: ITC

  • Letter of support for S. 1868 clarification of Sec 48 ITC

    Posted: November 3, 2017 - 13:51 / ITC / ESA Filings

    Dear Chairman Hatch and Ranking Member Wyden - We, the undersigned, request Congress to adopt tax policies that foster economic opportunity and job creation by promoting a resilient, reliable, and cost-effective electric system. We ask you to support the bipartisan Energy Storage Tax Incentive and Deployment Act (S. 1868), a measure that would clarify the investment tax credit (“ITC”) in Section 48 of the tax code includes advanced energy storage as an eligible technology.

  • ESA Follow-up Comment to IRS on Notice 2015-70

    Posted: November 14, 2016 - 10:15 / ITC / ESA Filings

    On Novemver 7, 2016, ESA sent a follow-up comment to IRS on Notice 2015-70. The ITC remains an important incentive for emerging energy technologies, including solar, wind, and other renewable energy technologies that incorporate integrated energy storage to more effectively make use of renewable energy when it is needed.

  • ESA Response to IRS Notice 2015-70 Request for Comments on Definition of Section 48 Property

    Posted: February 16, 2016 - 09:49 / ITC / ESA Filings

    ESA submitted the attached filing to the IRS to inform the development of official guidance pertaining to the definition of qualified energy property in the Internal Revenue Code (“IRC”) and the treatment of Dual Use Equipment for the purposes of the investment tax credit (“ITC”) under IRC section 48. Specifically, ESA wishes to offer its reasoning for the eligibility of energy storage equipment as part of qualified energy property and the unique technical characteristics of energy storage equipment as Dual Use Equipment that merit IRS consideration.