Tax Credit For Energy Storage Proposed In Senate

Innovations in electricity storage are needed if the US is to take advantage of clean energy resources, and two Senators have proposed an investment tax credit to accelerate storage solutions.

Senators Jeff Bingaman (Democrat for New Mexico) and Ron Wyden (Democrat for Oregon), the two ranking Democrats on the Energy and Natural Resources Committee, told an Energy Storage Association forum they are sponsoring a bill, S.1845, with Maine Republican Senator Susan Collins, for a storage investment tax credit (ITC). It would be similar to credits now available for solar installations.. . .

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