March 9, 2018
Energy Storage Tax Incentive and Deployment Act of 2017 (S. 1868 / H.R. 4649) Senators Heller and Heinrich / Representatives Costello and Doyle
Under current law, energy storage can only qualify for the investment tax credit (ITC) when integrated with ITC-eligible solar resources under a narrow set of conditions and subject to recapture risks. These conditions create tremendous uncertainty for investors.
Bipartisan, bicameral legislation (S. 1868 & H.R. 4649) modifies the existing ITC for numerous energy technologies to clarify eligibility of energy storage technologies (e.g., grid batteries, pumped hydro, etc).
Click below for full Issue Brief.