March 11, 2021
ESA Urges Passage of Expanded Investment Tax Credit for Storage to Achieve U.S. Climate Goals as Bipartisan Bill Reintroduced
The U.S. Energy Storage Association today urged Congress to pass bipartisan legislation that would make standalone storage projects eligible for the investment tax credit (ITC). Sen. Martin Heinrich (D-N.M.), Sen. Susan Collins (R-Maine), Rep. Earl Blumenauer (D-Ore.), Rep. Doyle (D-Pa.) and Rep. Vern Buchanan (R-Fla.) introduced the Energy Storage Tax Incentive and Deployment Act to remove limits on applying the tax credit to storage technologies only when integrated with ITC-eligible solar projects.
“Without more energy storage, the United States will fail to achieve its urgent climate and clean energy goals and miss an opportunity to make power infrastructure more resilient to climate change,” said Jason Burwen, Interim CEO of ESA. “We urge Congress to follow the bipartisan example set today and pass this legislation to put storage on the same playing field as other clean energy technologies. If it does, we can power the economic recovery with jobs that build a cleaner, more resilient future for all.”