January 8, 2020

CEO Kelly Speakes-Backman’s Statement on Energy Sector Innovation Credit Act of 2019

“ESA commends Representatives Tom Reed (R-NY), Jimmy Panetta (D-CA), and their bipartisan colleagues for introducing the Energy Sector Innovation Credit Act of 2019, which looks to establish a longer term, technology-neutral tax structure for all emerging energy technologies,” said Kelly Speakes-Backman, CEO of the U.S. Energy Storage Association. “Leveling the playing field for energy storage is a common-sense policy with bipartisan support, and Rep. Reed’s bill is complementary to other efforts in the storage space. The bicameral, bipartisan Energy Storage Incentive and Deployment Act (H.R. 2096) is another such bill which ESA strongly urges Congress to finally pass at its first opportunity in 2020. It would add stand-alone storage to the federal energy Investment Tax Credit (ITC), leveling the playing field immediately as the ITC phases down.”

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