March 11, 2021

Lawmakers propose energy storage system tax incentive

The bipartisan legislation would provide a federal investment tax credit for energy storage without the need for solar. Federal lawmakers have introduced the Energy Storage Tax Incentive and Deployment Act. The bipartisan legislation would create a standalone investment tax credit (ITC) for energy storage technologies for utilities, businesses, and homes. Jason Burwen, interim CEO of ESA, said the bill would put storage “on the same playing field as other clean energy technologies.”

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Effective January 2022

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