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US tax code

Draft US law calls for energy storage tax breaks

Fri, 04/12/2019 - 13:10 -- Hugh Finzel
US Congressman Mike Doyle

Draft legislation has been introduced to the US House of Representative that would see energy storage receive the same investment tax credit as solar installations.

The ‘Energy Storage Tax Incentive and Deployment Act’, introduced by Pennsylvania representative Mike Doyle (pictured), would incentivise both utility-scale energy storage projects and small battery systems for residential use.

The current tax code allows an investment tax credit for energy storage when it is installed in conjunction with a solar energy system; this bill would extend the investment tax credit for energy storage investments in a wider range of applications and provide greater assurance to prospective investors.

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