A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Solar Energy Industries Association (SEIA) and Energy Storage Association (ESA) are among a group of six clean energy trade groups that have called on Congress to help the sector to ride out the worst economic impacts from the COVID-19 pandemic.
The US Solar Energy Industries Asssociation and Energy Storage Association joined forces yesterday to promote a ‘Day of Action’ in calling for an Investment Tax Credit to be applied to energy storage technologies.
Two bills that have been introduced in the US to support and accelerate the development and deployment of energy storage are enjoying cross-party support and look likely to pass unopposed, an analyst has said.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
Governor of California Jerry Brown, who likened the Trump administration’s environmental stance as a “declaration of war on America”, looks set to commit his state to a “100% renewable energy” policy.
Senator Martin Heinrich has proposed granting tax relief for purchasers of energy storage systems, in a similar way to how the Investment Tax Credit (ITC) is applied to residential solar PV purchases.
Maryland will become the first state in the US to offer tax credits for customer-sited energy storage, as and when state Governor Larry Hogan approves Senate Bill 758 (SB 758).
