June 20, 2019
Energy Storage Tax Incentive and Deployment Act of 2019 Senators Heinrich and Gardner (S. 1142) / Representatives Doyle, Buchanan, and Blumenauer (H.R. 2096)
Under current law, energy storage only qualifies for the investment tax credit (ITC) when integrated with ITC-eligible solar resources under a narrow set of conditions and subject to recapture risks, creating tremendous uncertainty for investors.
Bipartisan, bicameral legislation (S. 1142 / H.R. 2096) modifies the existing ITC for numerous energy technologies to clarify eligibility of energy storage technologies (e.g., grid batteries, pumped hydro, etc.).
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