March 11, 2021

Federal bills creating standalone storage tax credit raise hopes for significant boost, akin to solar

Federal lawmakers on Tuesday introduced legislation that would expand the investment tax credit (ITC) to apply to standalone energy storage systems, which advocates say would further spur storage deployments and bring new technologies closer to being economic.

The Energy Storage Tax Incentive and Deployment Act would extend to both residential battery systems, as well as commercial and utility-scale energy storage projects, whether they are batteries, pumped hydropower, hydrogen, or another kind of storage technology.

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